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September 2016
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October 2016
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PJVA/PASC/CAPPA Seminar: 13th Month Adjustments, October 2016
13th Month Adjustments, Darren Reeves
Event Starts: October 18, 2016
Time: 7:30 am Registration/Breakfast; 8:00 am - 4:00 pm Session
Location: Associations Plus Inc., #600, 900 - 6 Avenue SW, Classroom
Course: Equalizations Basics
Equalizations Basics 1/2 day
Event Starts: October 18, 2016
Time: Registration & Breakfast @ 8:00am; Course 8:30 am to 12:00 noon
Location: Calgary Petroleum Club

Equalizations (13th Month Throughput Adjustments) Basics

This half day course is intended for people who want to understand what an equalization (13th month throughput adjustment) is, why we do them, and what information is contained within them.  It is ideal for those individuals looking to gain an understanding of the steps required to approve and/or code out an equalization.  An equalization will be done in class to demonstrate all of the components that make up an equalization and where the data comes from.  The course may not be in depth enough for individuals who will be required to do the equalizations for their organization.

Instructor: Lorie Lindberg
Lorie has been working in the oil patch for 35 years in the areas of production, revenue, and royalty accounting.  She received her CMA designation in 1991 and has also received  Certificates in Production Accounting (CAPPA), Joint Venture Auditing, and Teaching .

Lorie has been teaching for the past 25 years for CAPPA, PASC, and various other organizations.  She currently consults for several companies specializing in Gas Cost Allowance and Equalizations.

Fee:
$300 +GST Members
$350 +GST Non-members

Date: October 18, 2016
Location: Calgary Petroleum Club (319 - 5th Avenue SW)
Includes a full breakfast from 8:00am - 8:30am.

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PASC AGM & Luncheon: October 19, 2016
Annual General Meeting
Event Starts: October 19, 2016
Time: 11:30am - 1:00pm
Location: Calgary Petroleum Club (319 5th Avenue SW)

ANNUAL GENERAL MEETING NOTICE

Pursuant to Section 1 (d) of the Societies Act, notice is hereby given that the Annual General Meeting of the Petroleum Accountants Society of Canada will be held:

Wednesday, October 19, 2016
Calgary Petroleum Club, 319 5th Avenue SW, Calgary, Alberta
11:30am to 1:00pm

Complimentary Members Only Event Register Here

AGENDA 

  1. Call to Order and Opening Remarks 
  2. Approval of the Agenda
  3. Approval of the Minutes of the October 21, 2015 Meeting
  4. Financial Report
  5. Approval of the Audited Financial Statements as at June 30, 2016
  6. Appointment of Auditors for 2016/17 year 
  7. Elections
  8. Adjournment

Members are reminded that only those items on the agenda will be presented during the business portion of the meeting. There will be time on the agenda for announcements or informational items. No new business requiring decisions or motions may be added.

PASC Members: $0
Location: Calgary Petroleum Club (319 - 5th Avenue SW)

New this year: Member of the Year!
The Petroleum Accountants Society of Canada Member of the Year Award is a yearly accolade to honor members who have demonstrated outstanding contribution, dedication, and advancement of the society’s objectives over the prior year.

Through peer membership nominations submitted to the Executive Committee, PASC has implemented this yearly award to recognize an individual member’s outstanding volunteering service, impact to PASC and the accounting profession through his/her commitment, passion, professionalism and leadership. Nominations can be extended to all members, committee participants and Board Directors. To be eligible for the award, the nominee must have actively held a PASC membership over the course of the nominating year.

The award is to be presented for prior year commitment at the Annual General Meeting. To nominate a potential Member of the Year candidate please submit details in the below form or visit www.petroleumaccountants.com to fill out a nomination form.

 

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PASC Course: 2011 Accounting Procedure (Introduction)
2011 Accounting Procedure (Introduction) 1/2 Day
Event Starts: October 25, 2016
Time: registration & Breakfast 8:00 am; Course 8:30 am - 12:00 noon
Location: Calgary Petroleum Club, Viking Room - 319 5 Avenue SW

2011 Accounting Procedure: Introduction
Format: ½ day (4-hours)

The PASC 2011 Accounting Procedure affords a new option to companies for a model accounting procedure that was designed in context of an ever-changing industry environment. This course acts as an introduction to some of the key changes that were brought about with the introduction of the 2011 PASC Accounting Procedure, and overviews how some of the new options in PASC 2011 affect our current business practices.

Instructor:  Kody Carroll
As President of Integrity Audit and Accounting Ltd., Kody Carroll has been specializing in Joint Venture Accounting and Joint Venture Audit for both upstream and midstream oil and gas companies for 18 years. He has performed and managed a number of audits at a multitude of companies across the industry. In addition, he has been involved in training on PASC model agreements, equalizations, joint venture accounting, and joint venture audit.

Kody is a member of the Joint Venture Audit Committee (JVAC) of PASC and has a MBA from the University of Calgary specializing in Global Energy Management and Sustainability.

Fee:
$300 +GST Members
$350 +GST Non-members

Tuesday, October 25, 2016
Registration & Breakfast 8:00 am; Course 8:30am - 12:00pm
Calgary Petroleum Club, Viking Room - 319 5 Avenue SW

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Course: Petroleum Accounting - Introduction
Petroleum Accounting: Introduction
Event Starts: October 26, 2016
Event Ends: October 27, 2016
Time: Daily: Brekfast & registration 8:00am; Course 8:30 am - 4:30 pm
Location: PASC Office, Classroom (600, 900 6th Avenue SW)

Introduction to Petroleum Accounting
Format: 2-day

Date: October 26 & 27 (2-day course)
Time: 8:30am - 4:30pm, Registration & breakfast at 8:00am
Place: PASC Office, Classroom (600, 900 6th Avenue SW)
Fee: $700 +GST Members; $775 +GST Non-members

This seminar has been specifically designed to provide an introduction to the Petroleum and Natural Gas Industry and a review of the basic accounting principles and procedures in regular use by the industry. Topic areas include: geology, drilling and completions, field facilities, joint venture accounting, production and revenue accounting, and financial and management accounting.

Day 1

Petroleum Geology
The course covers petroleum geology, geophysics, land ownership, and land survey systems.  It describes the origin, structure, and evolution of the earth, and the nature and origin of petroleum.  It reviews different types of petroleum reservoirs, including their rock properties and structures, and shows how these contribute to the generation, migration, and trapping of oil and gas.  It also shows how geological and geophysical information from wells and seismic surveys can be integrated to locate new petroleum reservoirs.  It discusses the regulation of mineral ownership, including oil and gas, in Canada, with a particular focus on Alberta and B.C.   In particular, it explains the difference between surface and subsurface rights, the consequent obligations of exploration and production companies, and the role of the landman in implementing those obligations.  The course also discusses the basics of joint ventures, including farm-ins, farm-outs, and partnerships.  Finally it describes the Dominion Land Survey (DLS) system and the National Topographic System (NTS), used to define well locations and provide unique well identifiers (UWIs).

Reservoir, Drilling, Completions & Production
This portion of the course discusses the steps after our exploration personnel have decided on a drilling location and the land personnel have acquired the mineral and surface rights. 

A reservoir engineer is engaged to determine the viability of the target formations to hold petroleum and the potential for their economic production. At first, they must determine if there is any natural energy that will allow the well to flow. Then, based on information that is gathered during the drilling operation and also on information from other wells in the area, the reservoir engineer can estimate the amount of petroleum that has been discovered. As production occurs, the engineer can then determine if there are any recovery methods that can enhance both the production rate and the overall recovery. 

The various steps in the drilling operation will be discussed along with the different components of the drilling rig. 

Once a well has been drilled, the results of the operation are evaluated and the geologic results are examined to determine if well will be economic. Hopefully, this is the case and we will be able to complete the well, equip it and eventually make a profit. In this section we will discuss some of the common well completions and other operations that are performed on a well during its life. 

Now that the well is completed, it can be put on production. Usually a well will flow for the first portion of its life. However, the production rate will decline over time. Once this happens, we can install some form of artificial lift to increase the production rate. We will discuss some of the common methods and equipment. 

Produced petroleum must be gathered and treated to bring it to market specifications. We do this by sending gas to gas plants and oil to oil batteries. This portion of the module will discuss some of the equipment that is used for these purposes.

Production Facilities
TBA

Joint Interest Accounting
The Joint Interest Accounting portion of the course describes reasons for joint operations and provides detail on methods used in agreements including ; Farm-In/Farm-Out, Carried Interest, Net Profits Interest, Mutual Joint Venture, and Unitization.

The Production and Revenue Accounting portion of the course includes the basic functions of a production accountant including ; Prorating Production, Pipeline Splits, Royalties, Non-Owner Fees, Gas Cost Allowance, and Equalizations.

Day 2

Production & Revenue Accounting
TBA

Financial & Management Accounting
TBA

Instructors:
Lorie Lindberg
Lorie has been working in the oil patch for 35 years in the areas of production, revenue, and royalty accounting.  She received her CMA designation in 1991 and has also received  Certificates in Production Accounting (CAPPA), Joint Venture Auditing, and Teaching .

Lorie has been teaching for the past 25 years for CAPPA, PASC, and various other organizations.  She currently consults for several companies specializing in Gas Cost Allowance and Equalizations.

Mark Lane
Mark Lane has been studying and working in the earth sciences since 1980 and has a gained a wide variety of related experience.  He has worked for oil and gas companies, seismic service companies, universities, and technical institutes.  His career has ranged through oil and gas exploration, geophysical research, computer programming, and employee development.  He has been teaching geophysics and geology since 2005, most recently for Mount Royal University, SAIT Polytechnic, and the Petroleum Accountants Society of Canada.  He is currently providing training services through his company, Mentromorphic Consulting Ltd.

Mel Miners
Mel has over 40 years of experience in the petroleum and related industries. For the last 19 years he has worked as an independent consultant mainly as a reservoir engineer through his company Martlet Inc. More recently, Mel has been associated with Corvelle Consulting to provide guidance on EPAP and other related topics. As an advocate of life-long learning, he has obtained two advanced degrees and multiple short-course certificates. He has also been involved in teaching various courses at both SAIT Polytechnic and Mount Royal University. He is a member of APEGA, CSChE, CAPPA and SPE.

Monique Tenn
Monique Tenn has been working in the oil and gas industry for over 25 years.  Although she started her career at Dome Petroleum Limited, she has worked in the junior sector for the last 15 years.  She is a consulting controller providing financial reporting services to both public and private companies, and survived the process of transitioning to IFRS.  She is currently controller at Westbrick Energy Ltd, a privately-held company.

Richard MacKelvie
In June 2008, Richard joined Canadian Natural as a Joint Venture Auditor.  Richard's qualifications include: Professional accounting designation qualification - Certified Management Accountant (CMA) (1989) and Bachelor of Commerce Degree from the University of Ottawa, School of Business (1983).  In addition Richard has over 30 years of audit and accounting experience with senior and mid-size oil and gas upstream companies (mostly JV and vendor audits).

Tracy Kozak
Tracy Kozak has been in the oil and gas industry for 17 years.  She has worked at Baytex Energy Ltd. for 14 of those years.  During her time in the industry she has had various roles within the accounting department.  She has experience in Accounts payable, Non-Operated Joint Venture, Operated Joint Venture, Audits, Payouts and most recently the Capital accounting department.

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Course: Petroleum Accounting - Introduction
Petroleum Accounting: Introduction
Event Starts: October 26, 2016
Event Ends: October 27, 2016
Time: Daily: Brekfast & registration 8:00am; Course 8:30 am - 4:30 pm
Location: PASC Office, Classroom (600, 900 6th Avenue SW)

Introduction to Petroleum Accounting
Format: 2-day

Date: October 26 & 27 (2-day course)
Time: 8:30am - 4:30pm, Registration & breakfast at 8:00am
Place: PASC Office, Classroom (600, 900 6th Avenue SW)
Fee: $700 +GST Members; $775 +GST Non-members

This seminar has been specifically designed to provide an introduction to the Petroleum and Natural Gas Industry and a review of the basic accounting principles and procedures in regular use by the industry. Topic areas include: geology, drilling and completions, field facilities, joint venture accounting, production and revenue accounting, and financial and management accounting.

Day 1

Petroleum Geology
The course covers petroleum geology, geophysics, land ownership, and land survey systems.  It describes the origin, structure, and evolution of the earth, and the nature and origin of petroleum.  It reviews different types of petroleum reservoirs, including their rock properties and structures, and shows how these contribute to the generation, migration, and trapping of oil and gas.  It also shows how geological and geophysical information from wells and seismic surveys can be integrated to locate new petroleum reservoirs.  It discusses the regulation of mineral ownership, including oil and gas, in Canada, with a particular focus on Alberta and B.C.   In particular, it explains the difference between surface and subsurface rights, the consequent obligations of exploration and production companies, and the role of the landman in implementing those obligations.  The course also discusses the basics of joint ventures, including farm-ins, farm-outs, and partnerships.  Finally it describes the Dominion Land Survey (DLS) system and the National Topographic System (NTS), used to define well locations and provide unique well identifiers (UWIs).

Reservoir, Drilling, Completions & Production
This portion of the course discusses the steps after our exploration personnel have decided on a drilling location and the land personnel have acquired the mineral and surface rights. 

A reservoir engineer is engaged to determine the viability of the target formations to hold petroleum and the potential for their economic production. At first, they must determine if there is any natural energy that will allow the well to flow. Then, based on information that is gathered during the drilling operation and also on information from other wells in the area, the reservoir engineer can estimate the amount of petroleum that has been discovered. As production occurs, the engineer can then determine if there are any recovery methods that can enhance both the production rate and the overall recovery. 

The various steps in the drilling operation will be discussed along with the different components of the drilling rig. 

Once a well has been drilled, the results of the operation are evaluated and the geologic results are examined to determine if well will be economic. Hopefully, this is the case and we will be able to complete the well, equip it and eventually make a profit. In this section we will discuss some of the common well completions and other operations that are performed on a well during its life. 

Now that the well is completed, it can be put on production. Usually a well will flow for the first portion of its life. However, the production rate will decline over time. Once this happens, we can install some form of artificial lift to increase the production rate. We will discuss some of the common methods and equipment. 

Produced petroleum must be gathered and treated to bring it to market specifications. We do this by sending gas to gas plants and oil to oil batteries. This portion of the module will discuss some of the equipment that is used for these purposes.

Production Facilities
TBA

Joint Interest Accounting
The Joint Interest Accounting portion of the course describes reasons for joint operations and provides detail on methods used in agreements including ; Farm-In/Farm-Out, Carried Interest, Net Profits Interest, Mutual Joint Venture, and Unitization.

The Production and Revenue Accounting portion of the course includes the basic functions of a production accountant including ; Prorating Production, Pipeline Splits, Royalties, Non-Owner Fees, Gas Cost Allowance, and Equalizations.

Day 2

Production & Revenue Accounting
TBA

Financial & Management Accounting
TBA

Instructors:
Lorie Lindberg
Lorie has been working in the oil patch for 35 years in the areas of production, revenue, and royalty accounting.  She received her CMA designation in 1991 and has also received  Certificates in Production Accounting (CAPPA), Joint Venture Auditing, and Teaching .

Lorie has been teaching for the past 25 years for CAPPA, PASC, and various other organizations.  She currently consults for several companies specializing in Gas Cost Allowance and Equalizations.

Mark Lane
Mark Lane has been studying and working in the earth sciences since 1980 and has a gained a wide variety of related experience.  He has worked for oil and gas companies, seismic service companies, universities, and technical institutes.  His career has ranged through oil and gas exploration, geophysical research, computer programming, and employee development.  He has been teaching geophysics and geology since 2005, most recently for Mount Royal University, SAIT Polytechnic, and the Petroleum Accountants Society of Canada.  He is currently providing training services through his company, Mentromorphic Consulting Ltd.

Mel Miners
Mel has over 40 years of experience in the petroleum and related industries. For the last 19 years he has worked as an independent consultant mainly as a reservoir engineer through his company Martlet Inc. More recently, Mel has been associated with Corvelle Consulting to provide guidance on EPAP and other related topics. As an advocate of life-long learning, he has obtained two advanced degrees and multiple short-course certificates. He has also been involved in teaching various courses at both SAIT Polytechnic and Mount Royal University. He is a member of APEGA, CSChE, CAPPA and SPE.

Monique Tenn
Monique Tenn has been working in the oil and gas industry for over 25 years.  Although she started her career at Dome Petroleum Limited, she has worked in the junior sector for the last 15 years.  She is a consulting controller providing financial reporting services to both public and private companies, and survived the process of transitioning to IFRS.  She is currently controller at Westbrick Energy Ltd, a privately-held company.

Richard MacKelvie
In June 2008, Richard joined Canadian Natural as a Joint Venture Auditor.  Richard's qualifications include: Professional accounting designation qualification - Certified Management Accountant (CMA) (1989) and Bachelor of Commerce Degree from the University of Ottawa, School of Business (1983).  In addition Richard has over 30 years of audit and accounting experience with senior and mid-size oil and gas upstream companies (mostly JV and vendor audits).

Tracy Kozak
Tracy Kozak has been in the oil and gas industry for 17 years.  She has worked at Baytex Energy Ltd. for 14 of those years.  During her time in the industry she has had various roles within the accounting department.  She has experience in Accounts payable, Non-Operated Joint Venture, Operated Joint Venture, Audits, Payouts and most recently the Capital accounting department.

Course: Revenue Audit
Revenue Audit
Event Starts: October 27, 2016
Time: 11:30 am to 4:00 pm
Location: Calgary Petroleum Club: 319 5 Avenue SW (Cardium A&B)

Revenue Audit
Format: ½ day

You will learn the following in this 1/2 day session:

  • Petrinex
    • Audit preparation - to ascertain risk areas
  • EPAP - Directive 76 (Alberta)/ EVAP (Saskatchewan)
    • Enhanced Production Audit Program System
    • Enhanced Valuation Audit Program
  • Directive 17
    • Measurement Requirements for Oil & Gas Operations
  • Directive 46
    • Production Audit Handbook
  • Gas Component Conversiona & Oil Densities
  • Onsite Information
    • Production Accounting & Revenue Files
    • Oil & Gas Analysis
    • Production Accounting Information Not Available
  • Common Rick Areas & Findings
    • Gas
    • Oil & Solution Gas
    • Liquids

Instructor: Dale Richardson
Dale Richardson received a two year business administration diploma from  Mount Royal College and worked as a Tax Clerk, Gas Plant Accountant, Internal Auditor and a Revenue and Fixed Asset Supervisor before joining Rife Resources Ltd in August 1983.  He started at Rife Resources as a Senior Auditor,  became Audit Supervisor in 1987, was then promoted to the Audit Manager from 1993 to 2008. Since 2008 Dale has become the Business Manager at Rife Resources Ltd.  Dale is currently part of the Asset Preservation and Compliance Team which involves ensuring that the terms of freehold leases are complied with and non leased mineral titles lands are included with offsetting production are drilled or leased out. Dale is also part of the offset team that issues offsets on leased freehold lands where offsetting production is draining the freehold lands. The APAC teams is also involved in mediation and legal issues.

Dale also accesses risk areas internally and conducts internal reviews and contractor audits at Rife Resources which also manages  Freehold Royalties Partnership and Canpar Holdings Ltd.  Dale also participates on joint venture audits as mentor and trainer with the auditors conducting the joint venture audits.

Fee:
$300 +GST Members
$350 +GST Non-members

Location: Calgary Petroleum Club (319 5 Avenue SW)
Time: 11:30am Registration & Lunch, 12:00pm Class Starts

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November 2016
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PJVA/PASC/CAPPA Joint Course: Product Measurement & Allocation, November 2016
Event Starts: November 16, 2016
Time: 7:30 am Breakfast & Registration; 8:00 am - 4:00 pm Seminar
Location: Associations Plus Inc. Office - #600, 900 - 6 Avenue SW
PASC Luncheon: November 16, 2016
Situational Leadership
Event Starts: November 16, 2016
Time: 11:30am - 1:00pm
Location: Calgary Petroleum Club (319 5th Avenue SW)

Situational Leadership

Ever wonder why your management style works great for some, and not so much for others? Sometimes your style doesn’t even work with the same person at different times. What is going on?

You can’t always treat an employee as a confident, independent worker – especially when they are faced with a new task and need more from you. Effective leaders learn that they need to manage their staff based on the situations. Situational Leadership will help you understand why people react the way they do, and how you can most effectively manage them for the different situations they face in their day-to-day work.

Merri Lemmex MBA-PM, PMP, has 25 years in the training industry. Merri’s clients include Royal College of Physicians and Surgeons, the Canadian Medical Protective Association, Glaxo Smith Kline, Duke University, US Treasury, Federal Reserve Bank, Mercedes Benz, Royal Bank of Scotland, FortisAlberta, and Trican Well Services.

Merri is a certified Project Manager, and holds a Master’s Degree in Business Administration degree with a concentration in Project Management from Athabasca University. 

PASC Members: $45.00 +GST
Nonmembers: $55.00 +GST
Location: Calgary Petroleum Club (319 - 5th Avenue SW)

Lunch will be provided with a non-alcoholic beverage, and dessert.

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PASC Course: 2011 Accounting Procedure (Intermediate)
2011 Accounting Procedure (Intermediate) 1/2 Day
Event Starts: November 22, 2016
Time: registration & Breakfast 8:00 am; Course 8:30 am - 12:00 noon
Location: Calgary Petroleum Club, Viking Room - 319 5 Avenue SW

2011 Accounting Procedure: Intermediate
Format: ½ day (4-hours)

This intermediate course on the 2011 PASC Accounting Procedure picks up where the introductory course left off by providing a more in depth clause-by-clause analysis of key differences between PASC 1996 and PASC 2011. The course will also review some of the challenges that industry may still have to content with when adopting and adapting the 2011 PASC Accounting Procedure for the governing agreements of today and tomorrow. 

Instructor:  Kody Carroll
As President of Integrity Audit and Accounting Ltd., Kody Carroll has been specializing in Joint Venture Accounting and Joint Venture Audit for both upstream and midstream oil and gas companies for 18 years. He has performed and managed a number of audits at a multitude of companies across the industry. In addition, he has been involved in training on PASC model agreements, equalizations, joint venture accounting, and joint venture audit.

Kody is a member of the Joint Venture Audit Committee (JVAC) of PASC and has a MBA from the University of Calgary specializing in Global Energy Management and Sustainability.

Fee:
$300 +GST Members
$350 +GST Non-members

Tuesday, November 22, 2016
Registration & Breakfast 8:00 am; Course 8:30am - 12:00pm
Calgary Petroleum Club, Viking Room - 319 5 Avneue SW

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What's New

ANNUAL GENERAL MEETING NOTICE

Pursuant to Section 1 (d) of the Societies Act, notice is hereby given that the Annual General Meeting of the Petroleum Accountants Society of Canada will be held:

Wednesday, October 19, 2016
Calgary Petroleum Club, 319 5th Avenue SW, Calgary, Alberta
11:30am to 1:00pm

Complimentary Members Only Event Register Here

AGENDA

  1. Call to Order and Opening Remarks
  2. Approval of the Agenda
  3. Approval of the Minutes of the October 21, 2015 Meeting
  4. Financial Report
  5. Approval of the Audited Financial Statements as at June 30, 2016
  6. Appointment of Auditors for 2016/17 year
  7. Elections
  8. Adjournment

Members are reminded that only those items on the agenda will be presented during the business portion of the meeting. There will be time on the agenda for announcements or informational items. No new business requiring decisions or motions may be added.

New this year: Member of the Year!
The Petroleum Accountants Society of Canada Member of the Year Award is a yearly accolade to honor members who have demonstrated outstanding contribution, dedication, and advancement of the society’s objectives over the prior year.

Through peer membership nominations submitted to the Executive Committee, PASC has implemented this yearly award to recognize an individual member’s outstanding volunteering service, impact to PASC and the accounting profession through his/her commitment, passion, professionalism and leadership. Nominations can be extended to all members, committee participants and Board Directors. To be eligible for the award, the nominee must have actively held a PASC membership over the course of the nominating year.

The award is to be presented for prior year commitment at the Annual General Meeting. To nominate a potential Member of the Year candidate please submit details in the nomination form.

Energy Fundamentals Certificate

The Petroleum Accountants Society of Canada is pleased to offer the Junior Energy Certificate program to connect new and prospective entrants with the industry. Delivered through a practical yet informative combination of luncheons, courses and seminars, this 20-25 hour commitment aims to impart foundational knowledge and emerging trends to participants, while concurrently exposing them to an industry association and its associated networking opportunities with the society’s members at various career levels.

More Info

July - 2017 CAPL Property Transfer Procedure

CAPL has distributed the material associated with the first industry draft of the 2017 CAPL Property Transfer Procedure and is requesting feedback by September 21st, 2016. Please send your organization’s comments in an electronic format to Jim MacLean jmaclean@repsol.com.

April - AG-19 Accounting for Shared Pad Site Costs

PASC is inviting anyone in the industry to please send review comments on the following document to info@petroleumaccountants.com. This PASC document is a companion document to the recently released PJVA/CAPL document: Pad Site Sharing Agreement (PSSA). See a copy of the PSSA here and send any comments on this document directly to the PJVA/CAPL contact.


News Archive


Events

October 18, 2016

PJVA/PASC/CAPPA Seminar: 13th Month Adjustments, October 2016
13th Month Adjustments, Darren Reeves
Event Starts: October 18, 2016
Time: 7:30 am Registration/Breakfast; 8:00 am - 4:00 pm Session
Location: Associations Plus Inc., #600, 900 - 6 Avenue SW, Classroom

October 18, 2016

Course: Equalizations Basics
Equalizations Basics 1/2 day
Event Starts: October 18, 2016
Time: Registration & Breakfast @ 8:00am; Course 8:30 am to 12:00 noon
Location: Calgary Petroleum Club

Equalizations (13th Month Throughput Adjustments) Basics

This half day course is intended for people who want to understand what an equalization (13th month throughput adjustment) is, why we do them, and what information is contained within them.  It is ideal for those individuals looking to gain an understanding of the steps required to approve and/or code out an equalization.  An equalization will be done in class to demonstrate all of the components that make up an equalization and where the data comes from.  The course may not be in depth enough for individuals who will be required to do the equalizations for their organization.

Instructor: Lorie Lindberg
Lorie has been working in the oil patch for 35 years in the areas of production, revenue, and royalty accounting.  She received her CMA designation in 1991 and has also received  Certificates in Production Accounting (CAPPA), Joint Venture Auditing, and Teaching .

Lorie has been teaching for the past 25 years for CAPPA, PASC, and various other organizations.  She currently consults for several companies specializing in Gas Cost Allowance and Equalizations.

Fee:
$300 +GST Members
$350 +GST Non-members

Date: October 18, 2016
Location: Calgary Petroleum Club (319 - 5th Avenue SW)
Includes a full breakfast from 8:00am - 8:30am.

October 19, 2016

PASC AGM & Luncheon: October 19, 2016
Annual General Meeting
Event Starts: October 19, 2016
Time: 11:30am - 1:00pm
Location: Calgary Petroleum Club (319 5th Avenue SW)

ANNUAL GENERAL MEETING NOTICE

Pursuant to Section 1 (d) of the Societies Act, notice is hereby given that the Annual General Meeting of the Petroleum Accountants Society of Canada will be held:

Wednesday, October 19, 2016
Calgary Petroleum Club, 319 5th Avenue SW, Calgary, Alberta
11:30am to 1:00pm

Complimentary Members Only Event Register Here

AGENDA 

  1. Call to Order and Opening Remarks 
  2. Approval of the Agenda
  3. Approval of the Minutes of the October 21, 2015 Meeting
  4. Financial Report
  5. Approval of the Audited Financial Statements as at June 30, 2016
  6. Appointment of Auditors for 2016/17 year 
  7. Elections
  8. Adjournment

Members are reminded that only those items on the agenda will be presented during the business portion of the meeting. There will be time on the agenda for announcements or informational items. No new business requiring decisions or motions may be added.

PASC Members: $0
Location: Calgary Petroleum Club (319 - 5th Avenue SW)

New this year: Member of the Year!
The Petroleum Accountants Society of Canada Member of the Year Award is a yearly accolade to honor members who have demonstrated outstanding contribution, dedication, and advancement of the society’s objectives over the prior year.

Through peer membership nominations submitted to the Executive Committee, PASC has implemented this yearly award to recognize an individual member’s outstanding volunteering service, impact to PASC and the accounting profession through his/her commitment, passion, professionalism and leadership. Nominations can be extended to all members, committee participants and Board Directors. To be eligible for the award, the nominee must have actively held a PASC membership over the course of the nominating year.

The award is to be presented for prior year commitment at the Annual General Meeting. To nominate a potential Member of the Year candidate please submit details in the below form or visit www.petroleumaccountants.com to fill out a nomination form.