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 MARCH 12, 2020 7:00 AM-12:00 Noon

Calgary Petroleum Club - Devonian Room

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PASC is excited to present Insights 2020, a half day technical conference for professionals on-the-go. Earn up to four hours verifiable CPD credits on emerging industry topics in a rapid-fire morning session and be back in the office for the afternoon!

The Orphan Well Association & Its Challenges with Lars DePauw, Orphan Well Associaiton

The Challenge – The OWA has a common goal connecting industry, government and regulators in managing the environmental risk of stranded oil & gas assets. The OWA is financed by industry but is facing increased pressure in wake of an increased number of bankruptcies and orphaned wells.

Where are we at? As Executive Director, Lars DePauw is the head of the OWA and the province’s restoration effort. Join him as he introduces the OWA, discusses its guiding principles and talks about the challenges the association is facing given the current state of the petroleum industry.

Redwater: A Post-Mortem & Legal Perspective with Ashley Weldon, BD&P; Tasha Wood, BD&P; Charla Smith, Hardie & Kelly

The Challenge – Overturning the decision made by the Court of Queen’s Bench of Alberta, last year the Supreme Court of Canada ruled that energy companies are responsible for cleaning up their old wells even under insolvency or bankruptcy. Under this scenario, financial distress does not dismiss environmental obligation. In turn, this will impact stakeholders going forward, including lenders and regulators.

Then What? As a result of the decision, abandonment and reclamation of oil and gas properties took precedence over resolving issues with creditors. One year after the fact, Ashley Weldon, Tasha Wood from BDP and Charla Smith from Hardie & Kelly will examine what transpired and also offer some insight into emerging issues concerning royalties.

Bill C-69, the Canadian Energy Regulator & Impact Assessment Agency with Brittney LaBranche BDP and Evan Dixon, BD&P 

The Challenge – Industry witnessed a number of fundamental regulatory changes in 2019, including the passing of Bill C-69, and the creation of a new national Canadian Energy Regulator as well as the Impact Assessment Agency. These changes affect how energy projects will be handled going forward.

Now What? With many moving pieces, it is difficult to determine how the entities (individually and altogether) impact business going forward. Brittney LaBranche and Evan Dixon will convey the changes from their predecessor entities, outline key factors to note, and what lies ahead.

The Nuances of Property Tax for Oil & Gas Practitioners, with Kyle Hall, Altus Group

The Challenge – Managing the changing legislation and complex reporting standards surrounding property taxes is a difficult endeavor for those who are not well-versed on the subject matter. Additionally, there is growing sentiment from outside stakeholders to hold energy companies more accountable to the municipalities where they operate.

The Opportunity? Though the discipline is specialized, understanding the nuances behind property taxes can lead to added value from recoveries, re-assessments and procedural efficiencies. Join Kyle Hall from Altus Group as he provides an overview on recent property tax regulations, best practices on assessments, and examples of how companies can ensure they are paying their fair share.

More details coming soon.

*speakers and topics subject to change