Events Calendar
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) |
June 2, 2016
Course: Vendor Audit | |
Vendor Audit 1/2 Day Course | |
Event Starts: | June 2, 2016 |
Time: | Registration & Breakfast @ 7:30am; Course 8:00 am to 12:00 noon |
Location: | Calgary Petroleum Club |
Vendor Audit In this course you will learn the following: 1. Overview of the vendor / compliance audit activity Instructors: Currently Mr. Yasin is working for Canadian Natural Resources Ltd. as a Supervisor Vendor, Audit and responsible to identify, plan, execute, facilitate and manage vendor audits in all business areas of the company. Previously, he worked for PriceWaterhouseCoopers, Ernst Young LLP, and Enbridge Gas Distribution Ltd. at different positions." Shahid Qureshi Shahid is currently the Vice Chairman of CPA (Chartered Professional Accountants) Calgary Chapter. He is the Deputy Chairman for ACCA (Chartered Association of Certified Accountants) Canada Committee and a member of ACCA international Council. Shahid is also the President of ISACA (Information Systems Audit and Control Association) Calgary. Fee: Location: Calgary Petroleum Club (319 - 5th Avenue SW) |
June 8, 2016
PASC Board of Directors Meeting (11 of 11) | |
June 2015/16 Meeting | |
Event Starts: | June 8, 2016 |
Time: | 11:30 am - 1:30 pm |
Location: | Calgary Petroleum Club |
June 16, 2016
Course: Revenue Audit | |
Revenue Audit | |
Event Starts: | June 16, 2016 |
Time: | 7:30 am to 12:00 noon |
Location: | Calgary Petroleum Club: 319 5 Avenue SW (Cardium A&B) |
Revenue Audit You will learn the following in this 1/2 day session:
Instructor: Dale Richardson 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: Location: Calgary Petroleum Club (319 5 Avenue SW) |
June 21, 2016
PASC Luncheon: June 21, 2016 | |
Alberta's Economic Forecast for 2016 | |
Event Starts: | June 21, 2016 |
Time: | 11:30am - 1:00pm |
Location: | Calgary Petroleum Club (319 5th Avenue SW) |
Save-the-Date: Alberta's Economic Forecast for 2016 Speaker: Todd Hirsch, Chief Economist, ATB Financial Todd holds a BA Honours in Economics from the U of A and an MA in Economics from the University of Calgary. 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. |
Closed Meetings
No Closed Meetings for this time period.