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August 2016
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September 2016
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Course: Intro to Petroleum Tax 1/2 Day
Intro to Petroleum Tax 1/2 Day
Event Starts: September 7, 2016
Time: Breakfast & Registration 8:00am; Course 8:30 am to 12:00 noon
Location: Associations Plus Inc. 600, 900 6 Avenue SW, Calgary AB

Format: ½ day (4-hours)

Resource taxation (Oil & Gas, Mining) in Canada is subject to a variety of special rules under the Income Tax Act.  In particular, since the Resource industry is very capital-intensive, there are a number of special rules for classifying and deducting capital expenditures for exploration, drilling, plants, and both surface and in-situ development and construction.

This course will provide you with a basic understanding of the key tax laws that affect oil and gas companies that explore, develop, construct, produce, and buy and sell oil & gas properties.  It will cover both how and why the Canadian governments use the tax laws to regulate the industry.  It will also look at some of the differences between accounting and tax treatments, so when you receive information requests from the Tax department, you’ll have some understanding of what that information may be used for.

Instructor: Keith Raskob-Smith
Keith is originally from Manitoba, spent 5 years in Northern BC, and has been located in Calgary for the last 18 years.  He holds a B.Comm from University of Manitoba, and has been a CMA since 1998.  Keith was with the CRA when he came to Calgary.  He then started auditing oil & gas for 6-7 years and then in mid-2000’s CA firms were looking for Tax guys, and he went to work for KPMG.  In 2010 he moved over to Husky Energy as Tax Manager, in 2012 he moved to Devon Energy as Tax Manager.  He has dealt with the oil & gas tax laws from three sides – the CRA, public practice, and industry.

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

Date: September 7, 2016
Location: Associations Plus Inc. 600, 900 6 Avenue SW, Calgary AB
Time: 8:00am Registration & Breakfast, 8:30am Class Starts
Note: Breakfast & tea/coffee served between 8:00am - 8:30am

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PASC 2016 Education Day
Event Starts: September 21, 2016
Time: 7:00 a.m - 4:00 p.m.
Location: Calgary Petroleum Club (319 5th Avenue SW)

Change. Challenge. Opportunity.
Adding value in difficult times

Date: Wednesday, September 21, 2016
Location: Calgary Petroleum Club, Devonian Room (319 5 Avenue SW, Calgary)
Time: 7:00am – 4:00pm

Presentations/Topics: (subject to change)

“Get the Dirty Out of Dirty Oil”
Speaker: Neil Camarta

“The All Date Debate”
Dates: Effective date, binding date, closing dates and the Eligibility of Costs. Just who is responsible for Costs and when?
Speakers: Lorie Caron & Robin Lewis

“Auditing in a Low Price Environment”
Speaker: Kody Carroll 

“Insolvency”
Speaker: Cassie Riglin & Alex Corbett

“Property Tax 101 & Saving Opportunities”
Speaker: Ian Fluney

“The current state-of-play of the different GHG regimes in Western Canada and Implications for Canadian Producers and Accountants.”
Speakers: Sander Jansen & Chris Jameson

“PJVA CO&O Agreement”
Speaker: Tim Riemer

"Sandler's Change Management Triangle: Change in 4 Step"
Speaker: Hamish Knox

Qualifies for Educational Credits

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Course: Gas Allocations & Audit Findings (Intermediate)
Cancelled: Gas Allocations & Audit Findings (Intermediate)
Event Starts: September 28, 2016
Time: Registration & Breakfast 8:00 am; Course 8:30 am - 4:30 pm
Location: Calgary Petroleum Club

Gas Allocations & Audit Findings: Intermediate
Format: 1 day

This course will cover:

  • Gas allocations – what are they, who is interested in them,  history, types, what is required to perform a correct allocation,  an example of an allocation process, an example of a simple gas volumetric allocation,  gas and product component allocation steps and a component allocation example.
  • Three things that drive an equitable allocation – accurate volumes (measurement), representative analyses and correct configuration.
  • Measurement – what is measurement, how is it done, why accurate measurement is important, systems included in measurement, standards, why measurement is difficult, reporting measurement, measurement processes and production flow analyses.
  • Audit findings related to measurement – facility& measurement system design/installation issues, error identification and top ten EFM audit issues and recommendations.
  • Gas & Liquid Analysis – compositional measures, what are they used for, important factors when taking samples, gas and liquid analysis audit findings and recommendations

Instructor: Kevin Boyce
For the past 18 years Kevin Boyce worked as a production measurement audit for Encana Corporation.  Prior that that he worked at Chevron Canada Resources for 9 years as a production accountant, joint venture analyst, financial analyst and internal auditor.  He has an Certified Internal Auditor designation, a Certification in Control Self-Assessment and an MBA.  He is  an active member of the Industry Measurement Group (IMG) and is currently the industry liasion for the IMG and heads two subcommittees on changes to the AER/OGC regulations.   He has instructed for PASC, CSHM, & PJVA.

Fee:
$500 +GST Members
$575 +GST Non-members

Location: Calgary Petroleum Club (319 - 5th Avenue SW)
Includes a full breakfast from 8:00 am - 8:30am and Lunch.

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Course: Gas Allocations: Using the declining balance method (Advanced)
Gas Allocations: Using the declining balance method (Advanced)
Event Starts: September 29, 2016
Time: Registration & Breakfast 8:00 am; Course 8:30 am - 4:30 pm
Location: Calgary Petroleum Club

Advanced Gas Allocations: Using the declining balance method
Format: 1 day

Note: If you have taken the Product Analysis & Audit Course you can register directly into the Advanced Product Allocations course and do not need to complete the intermediate level course.

This course will cover:

  • Configuration – schematic metering diagrams, AER SMD requirements, what constitutes a gas gathering system, production accounting system configuration
  • Example of a declining balance allocation including the following concepts: effluent proration battery, measurement by difference, C7+ gas equivalent factors, gas lift, return fuel, C3 recovery efficiency factor, sulphur allocation, plant fuel allocation, two plant stream
  • Allocation checks
  • Allocation audit findings
  • Allocations today and in the future

Instructor: Kevin Boyce
For the past 18 years Kevin Boyce worked as a production measurement audit for Encana Corporation.  Prior that that he worked at Chevron Canada Resources for 9 years as a production accountant, joint venture analyst, financial analyst and internal auditor.  He has an Certified Internal Auditor designation, a Certification in Control Self-Assessment and an MBA.  He is  an active member of the Industry Measurement Group (IMG) and is currently the industry liaison for the IMG and heads two subcommittees on changes to the AER/OGC regulations.  He has instructed for PASC, CSHM, & PJVA.

Fee:
$500 +GST Members
$575 +GST Non-members

Note: You require a laptop for this course.

Location: Calgary Petroleum Club (319 - 5th Avenue SW)
Includes a full breakfast from 8:00 am - 8:30am & Lunch

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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 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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What's New

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

September 7, 2016

Course: Intro to Petroleum Tax 1/2 Day
Intro to Petroleum Tax 1/2 Day
Event Starts: September 7, 2016
Time: Breakfast & Registration 8:00am; Course 8:30 am to 12:00 noon
Location: Associations Plus Inc. 600, 900 6 Avenue SW, Calgary AB

Format: ½ day (4-hours)

Resource taxation (Oil & Gas, Mining) in Canada is subject to a variety of special rules under the Income Tax Act.  In particular, since the Resource industry is very capital-intensive, there are a number of special rules for classifying and deducting capital expenditures for exploration, drilling, plants, and both surface and in-situ development and construction.

This course will provide you with a basic understanding of the key tax laws that affect oil and gas companies that explore, develop, construct, produce, and buy and sell oil & gas properties.  It will cover both how and why the Canadian governments use the tax laws to regulate the industry.  It will also look at some of the differences between accounting and tax treatments, so when you receive information requests from the Tax department, you’ll have some understanding of what that information may be used for.

Instructor: Keith Raskob-Smith
Keith is originally from Manitoba, spent 5 years in Northern BC, and has been located in Calgary for the last 18 years.  He holds a B.Comm from University of Manitoba, and has been a CMA since 1998.  Keith was with the CRA when he came to Calgary.  He then started auditing oil & gas for 6-7 years and then in mid-2000’s CA firms were looking for Tax guys, and he went to work for KPMG.  In 2010 he moved over to Husky Energy as Tax Manager, in 2012 he moved to Devon Energy as Tax Manager.  He has dealt with the oil & gas tax laws from three sides – the CRA, public practice, and industry.

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

Date: September 7, 2016
Location: Associations Plus Inc. 600, 900 6 Avenue SW, Calgary AB
Time: 8:00am Registration & Breakfast, 8:30am Class Starts
Note: Breakfast & tea/coffee served between 8:00am - 8:30am

September 21, 2016

PASC 2016 Education Day
Event Starts: September 21, 2016
Time: 7:00 a.m - 4:00 p.m.
Location: Calgary Petroleum Club (319 5th Avenue SW)

Change. Challenge. Opportunity.
Adding value in difficult times

Date: Wednesday, September 21, 2016
Location: Calgary Petroleum Club, Devonian Room (319 5 Avenue SW, Calgary)
Time: 7:00am – 4:00pm

Presentations/Topics: (subject to change)

“Get the Dirty Out of Dirty Oil”
Speaker: Neil Camarta

“The All Date Debate”
Dates: Effective date, binding date, closing dates and the Eligibility of Costs. Just who is responsible for Costs and when?
Speakers: Lorie Caron & Robin Lewis

“Auditing in a Low Price Environment”
Speaker: Kody Carroll 

“Insolvency”
Speaker: Cassie Riglin & Alex Corbett

“Property Tax 101 & Saving Opportunities”
Speaker: Ian Fluney

“The current state-of-play of the different GHG regimes in Western Canada and Implications for Canadian Producers and Accountants.”
Speakers: Sander Jansen & Chris Jameson

“PJVA CO&O Agreement”
Speaker: Tim Riemer

"Sandler's Change Management Triangle: Change in 4 Step"
Speaker: Hamish Knox

Qualifies for Educational Credits