Events Calendar
March 9, 2016
PASC Board of Directors Meeting (8 of 11) | |
March 2015/16 Meeting | |
Event Starts: | March 9, 2016 |
Time: | 11:30 am - 1:30 pm |
Location: | Calgary Petroleum Club |
March 16, 2016
PASC Luncheon: March 16, 2016 | |
Event Starts: | March 16, 2016 |
Time: | 11:30am - 1:00pm |
Location: | Calgary Petroleum Club (319 5th Avenue SW) |
How to manage risks across currency markets by incorporating FX hedging. In the past year we have seen unprecedented volatility across currency markets. Now is the time to evaluate how these risks have impacted cash flows and your company’s bottom line. This presentation will focus on how to manage risk by incorporating FX hedging. What does the hedging process for FX exposures look like and why is it so important to have a plan? What tools are available so that you can achieve a better rate of transaction over time, while at the same time forecasting cash flows more efficiently? Presenter: Lunch will be provided with a non-alcoholic beverage, and dessert. |
March 29, 2016
PASC Course: 2011 Accounting Procedure (Intermediate) | |
2011 Accounting Procedure (Intermediate) 1/2 Day | |
Event Starts: | March 29, 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 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 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: Tuesday, March 29, 2016 |
April 13, 2016
PASC Board of Directors Meeting (9 of 11) | |
April 2015/16 Meeting | |
Event Starts: | April 13, 2016 |
Time: | 11:30 am - 1:30 pm |
Location: | Calgary Petroleum Club |
April 19, 2016
PJVA/PASC/CAPPA Seminar: 13th Month Adjustments, April 2016 | |
13th Month Adjustments, Darren Reeves | |
Event Starts: | April 19, 2016 |
Time: | 7:30 am Registration/Breakfast; 8:00 am - 4:00 pm Session |
Location: | U of C Downtown Campus, 906 - 8 Avenue SW, Computer Lab DTC 140 |
April 20, 2016
PASC Luncheon: April 20, 2016 | |
Crude Oil, Natural Gas and Natural Gas Liquids Marketing | |
Event Starts: | April 20, 2016 |
Time: | 11:30am - 1:00pm |
Location: | Calgary Petroleum Club (319 5th Avenue SW) |
Crude Oil, Natural Gas and Natural Gas Liquids Marketing: In an environment of low prices producers are looking at ways to cut costs and improve efficiencies. Are there ways to do things better in accounting for marketing activities. What are some of the issues affecting Production Accountants: Transportation, TIK, low prices, the new midstream environment. What are marketers looking for from accountants and what do accountants need from marketers. Can ( junior) CDN oil and gas companies survive the NDP Government and a federal Liberal Government. Presenter: Robert C. Edney, ACME ENERGY MARKETING LTD. Prior to joining Acme Energy Marketing in 2003, Robert was Managing Director, Origination and co-managed Duke Energy Marketing Canada; in addition he was a Director of Duke Energy Midstream Canada. Duke Energy Canada marketed and traded an aggregate volume of 3.5 BCF/d, this included Mobil Oil Canada’s portfolio in Alberta, British Columbia and Nova Scotia. He’s also held various marketing roles at Canadian Hunter Exploration and Bow Valley Industries. He has also been an Expert Witness at several TransCanada Pipelines and Alliance Pipelines rate hearings before the National Energy Board. He has also been an Expert Witness in arbitration and lawsuits cases. Robert holds a Bachelor’s Degree from Carleton University in Ottawa, along with many management courses throughout this career. PASC Members: $45.00 +GSTNonmembers: $55.00 +GSTLocation: Calgary Petroleum Club (319 - 5th Avenue SW)Lunch will be provided with a non-alcoholic beverage, and dessert. |
April 28, 2016
PASC Event: Meet, mix & mingle! | |
Event Starts: | April 28, 2016 |
Time: | 4:30 p.m. - 7:00 p.m. |
Location: | Calgary Petroleum Club (319 5th Avenue SW) |
Meet, mix and mingle! PASC is hosting an opportunity to network with industry peers on Thursday, April 28th at the Calgary Petroleum Club. Members and non-members are welcome to attend, so feel free to bring guests! The event starts at 4:30pm and your $20 ticket includes entry, apps and a drink. Space is limited to 50 individuals, so please register today! PASC Members: $20.00 +GSTNonmembers: $20.00 +GSTLocation: Calgary Petroleum Club (319 - 5th Avenue SW) |
May 11, 2016
PASC Board of Directors Meeting (10 of 11) | |
May 2015/16 Meeting | |
Event Starts: | May 11, 2016 |
Time: | 11:30 am - 1:30 pm |
Location: | Calgary Petroleum Club |
May 18, 2016
PASC Luncheon: May 18, 2016 | |
Event Starts: | May 18, 2016 |
Time: | 11:30am - 1:00pm |
Location: | Calgary Petroleum Club (319 5th Avenue SW) |
Improving Cash Flow in Tough Economic Times CASH IS KING and this especially true in tough economic times. The current economic slowdown has impacted the cash flow of most organizations. Most have reduced budgets to the bare minimum but are still experiencing cash flow pressures. There are other strategies that may improve cash flow. We work with a variety of companies in the oil and gas industry and we would like to share some of the successful strategies we’ve seen implemented to improve cash flow. The strategies cover both increasing cash inflows and reducing cash outflows. The topics will include government grants & incentives, contract audits, and restructuring strategies for various expenditures. Speakers: Pesh Patel, Partner, BDO
PASC Members: $45.00 +GST Lunch will be provided with a non-alcoholic beverage, and dessert. |
May 25, 2016
Course: Petroleum Accounting - Introduction | |
Petroleum Accounting: Introduction | |
Event Starts: | May 25, 2016 |
Event Ends: | May 26, 2016 |
Time: | Daily: Breakfast & registration 8:00am; Course 8:30 am - 4:30 pm |
Location: | PASC Office, Classroom (600, 900 6th Avenue SW) |
Introduction to Petroleum Accounting Date: May 25 & 26 (2-day course) 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 Reservoir, Drilling, Completions & Production 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. Production Facilities 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. Joint Interest Accounting 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 Financial & Management Accounting Instructors: 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 Mel Miners Monique Tenn Richard MacKelvie Tracy Kozak |
May 31, 2016
Course: Gas Allocations & Audit Findings (Intermediate) | |
Cancelled: Gas Allocations & Audit Findings (Intermediate) | |
Event Starts: | May 31, 2016 |
Time: | Registration & Breakfast 8:00 am; Course 8:30 am - 4:30 pm |
Location: | Calgary Petroleum Club |
Gas Allocations & Audit Findings: Intermediate This course will cover:
Instructor: Kevin Boyce Fee: Location: Calgary Petroleum Club (319 - 5th Avenue SW) |
Closed Meetings
March 10, 2016
Joint Venture Audit Committee Meeting | |
Closed Meeting | |
Event Starts: | March 10, 2016 |
Time: | 11:30 am - 1:30 pm |
Location: | Calgary Petroleum Club |
March 15, 2016
Materials & Inventory Committee Meeting | |
Closed Meeting | |
Event Starts: | March 15, 2016 |
Time: | 11:30 am - 1:30 pm |
Location: | Calgary Petroleum Club |
March 22, 2016
Joint Interest Research Committee Meeting | |
Closed Meeting | |
Event Starts: | March 22, 2016 |
Time: | 11:30 am - 1:30 pm |
Location: | Calgary Petroleum Club |