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December 2018
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Joint Venture Audit Committee Meeting
Closed Meeting
Event Starts: December 13, 2018
Time: 11:30 a.m. - 1:30 p.m.
Location: Calgary Petroleum Club
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Joint Interest Research Committee Meeting
Closed Meeting
Event Starts: December 18, 2018
Time: 11:00 am - 2:00 pm
Location: Calgary Petroleum Club
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January 2019
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Course: Gas Allocations & Audit Findings (Intermediate) January 2019
Gas Allocations & Audit Findings (Intermediate)
Event Starts: January 24, 2019
Time: Registration & Breakfast 8:00 am; Course 8:30 am - 4:30 pm
Location: PASC Office 600, 900 6 Avenue SW

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: Associations Plus Inc. 600, 900 6 Avenue SW
Includes breakfast from 8:00 am - 8:30am and Lunch.

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February 2019
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Course: Gas Allocations: Using the declining balance method (Advanced) February 2019
Gas Allocations: Using the declining balance method (Advanced)
Event Starts: February 19, 2019
Time: Registration & Breakfast 8:00 am; Course 8:30 am - 4:30 pm
Location: Associations Plus Suite 600, 900 6th Ave SW

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: Associations Plus, Suite 600, 900 6th Ave SW
Includes a full breakfast from 8:00 am - 8:30am & Lunch

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What's New

GP-01 2018 Wage Index for Overhead Adjustments Released

The 2018 Wage Index for overhead adjustments under the 1969, 1988 and 1996 PASC Accounting Procedures has been released. Access your complimentary copy of GP-01 on our General Publications Page.

New Project - New PASC Accounting Procedure

PASC is initiating a review and update of the current 2011 Accounting Procedure. We are currently in the process of establishing a Project Team to review the needs of industry to determine what changes may be necessary to provide industry with the accounting tools to operate in today’s very competitive oil and gas industry in Western Canada.

If you are interested in participating in this important undertaking please contact the PASC Office info@petroleumaccountants.com with some background information on experience and reasons for wanting to participate.

December 2017
"CAPL has published the 2017 CAPL Property Transfer Procedure."

A copy is available on the CAPL Website.

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

Closed Meetings

December 13, 2018

Joint Venture Audit Committee Meeting
Closed Meeting
Event Starts: December 13, 2018
Time: 11:30 a.m. - 1:30 p.m.
Location: Calgary Petroleum Club

December 18, 2018

Joint Interest Research Committee Meeting
Closed Meeting
Event Starts: December 18, 2018
Time: 11:00 am - 2:00 pm
Location: Calgary Petroleum Club