NEWS & EVENTS
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Events Calendar

October 15, 2014

Course: 2011 Accounting Procedure (PM Session)
Introduction to the 2011 Accounting Procedure Course - Afternoon
Event Starts: October 15, 2014
Time: 12:30 pm to 4:00 pm
Location: Calgary Petroleum Club (319 5 Avenue SW), Cardium Rooms

PASC is offering a half day introduction course on the 2011 Accounting Procedure.

This course overviews the changes in PASC 2011 and an article-by-article review of how some of those changes affect our business practices.

Instructor: Kody Carroll, President Integrity Audit and Accounting Ltd.

PASC Members: $300 + GST

Non-PASC Members: $350 + GST

October 15, 2014

Course: 2011 Accounting Procedure (AM Session)
Introduction to the 2011 Accounting Procedure Course - Morning
Event Starts: October 15, 2014
Time: 8:30 am to 12:00 noon
Location: Calgary Petroleum Club (319 5 Avenue SW), Cardium Rooms

PASC is offering a half day introduction course on the 2011 Accounting Procedure.

This course overviews the changes in PASC 2011 and an article-by-article review of how some of those changes affect our business practices.

Instructor: Kody Carroll, President Integrity Audit and Accounting Ltd.

PASC Members: $300 + GST

Non-PASC Members: $350 + GST

October 21, 2014

Course: Intro to Petroleum Tax - afternoon session
Intro to Petroleum Tax - afternoon
Event Starts: October 21, 2014
Time: Registration 12:30pm; 1:00 pm- 4:30 pm
Location: Calgary Petroleum Club (319 5 Avenue SW)

Now is your chance to find out why the tax department wants to know how and why you coded that well the way that you did.

Topics for the course include:

  • Overview of Income Tax
  • What is income
  • How oil and Gas activities are treated for tax
  • Land costs; Development Costs
  • Revenue, expenses & tax

This is the time to finally understand what COGPE, CDE and CEE tax classes are and how they affect your companies' bottom lines.  At the end of the class you will be informed as to how the tax gurus complete the T2 tax return. 

Members: $300 +GST; Non-Members: $350 +GST

Instructor:  Keith Raskob-Smith

Currently the Leader, Tax Compliance at Devon Canada Corporation.  Keith has been practicing oil & gas taxation for the last 17 years.  He started doing it auspiciously with the Canada Revenue Agency when he moved to Calgary in 1997.  In 2006, he saw the light and moved to KPMG, where he assisted clients and helped teach the Intro to Oil & Gas course that KPMG presented on behalf of the Calgary Petroleum Tax Society and the University of Calgary Continuing Education.  In 2010, he moved to Husky Energy and has been with Devon since 2012.  

Along the way, he has had the good fortune of working with many learned and experience oil & gas tax folk, and while not always in agreement with them, he has gained very valuable experience, not just in taxation, but the oil & gas industry as a whole.  Keith will provide a good overview of how oil & gas is taxed in Canada, and how that may affect business decisions.

Location: Calgary Petroleum Club (319 - 5th Avenue SW)

Date: October 21; Time: 1:00pm - 4:30pm

October 21, 2014

PJVA/PASC/CAPPA Seminar: 13th Month Adjustments, October 2014
13th Month Adjustments, Darren Reeves
Event Starts: October 21, 2014
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 232

October 22, 2014

PASC Annual General Meeting & Luncheon
Members Only Event
Event Starts: October 22, 2014
Time: 11:30am - 1:30pm
Location: Calgary Petroleum Club (319 5th Avenue SW)

Agenda

11:30am - Registration & Lunch
12:00pm - Annual General Meeting
12:15pm - Presentation by Cameron Gingrich and Dr. Lev Virine, Ziff Energy
 

Full Cycle Cost of Oil & Gas

Cameron Gingritch

Cameron Gingrich, B.Sc., B.A. – Director, Gas Services, has a decade of natural gas experience.  Responsible for analytical support and in-depth customized data analysis, trending, and modeling.  Focuses effort toward the North American Gas Strategies Retainer Service, multi-client studies, and custom consulting projects include: analysis of pipeline tolls, gas supply/storage load duration modeling, gas demand outlooks, and gas price modeling.  Mr. Gingrich was the lead analyst on the Northern Gas and Evolution of Dawn Multi-client studies, and authored papers on: Summer Gas Storage Analysis, Canadian Gas Exports to 2025, Natural Gas Price Forecast to 2045, and LNG Outlook to 2035.  In addition to the Canadian Securities Course, Mr. Gingrich has two degrees: a Bachelor of Science from the University of Alberta and a Bachelor in Arts in Economics from the University of Calgary where his studies focused on strategic energy and financial markets.  

Lev VirineDr. Lev Virine, P.Eng., Ph.D. – Manager, Gas Consulting, has over 2 decades of technical experience, economic evaluation of oil and gas reserves, decision and risk analysis, portfolio management, and oil and gas reserves management.  He assisted leading national and international exploration and production companies in establishing reserves evaluation and decision analysis processes.  Dr. Virine is the author of more than 40 scientific papers and articles, 7 patents, and two books.  His current focus is gas production outlooks, gas supply decline analysis, and full cycle cost assessment.  He has spoken at conferences and symposiums around the world.  Dr. Virine received his doctoral degree in engineering and computer science from Moscow State University of Railway Engineering. 

Presentation Summary:  The costs for the Energy Industry to find, develop, produce, and manage oil and gas production has 3 key components:

1.     Technology enhancements improve industry performance

2.     Finding & Development costs can shrink with more reserves identified for each well (multi-lateral horizontal wells completed with dozens of hydraulic fractures)

3.     Operating costs can be driven down through ruthless efficiency gains extracted by applying best practices, benchmarking, and determined focus on the bottom line

By combining the cost components, full cycle costs can be compared between Western Canada and other basins throughout North America. The industry will systematically develop lower cost basins first. Natural Gas Liquids can provide an important price uplift for gas producers, thus producers may select liquid prone regions first. The presentation concludes with a quick recap of LNG, full cycle oil & gas costs, along with oil sands cost. If you want to get a concise version on full cycle costs, this is the Event for you.

October 23, 2014

PASC Committee Meeting
Education
Event Starts: October 23, 2014
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

October 23, 2014

Course: Equalizations Basics (AM Session)
Equalizations Basics (AM Session)
Event Starts: October 23, 2014
Time: Registration starts @ 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 not intended for people who will be required to do the 13th month adjustments.

Members:
$300 +GST; Non-Members: $350

Instructor: Lorie Lindberg

Location: Calgary Petroleum Club (319 - 5th Avenue SW)

Date: October 23

AM Session: 8:30am - 12:00pm

PM Session: 1:00pm - 4:30pm

October 23, 2014

Course: Equalizations Basics (PM Session)
Equalizations Basics (PM Session)
Event Starts: October 23, 2014
Time: Registration starts @ 12:30pm; Course 1:00pm - 4:30pm
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 not intended for people who will be required to do the 13th month adjustments.

Members:
$300 +GST; Non-Members: $350

Instructor: Lorie Lindberg

Location: Calgary Petroleum Club (319 - 5th Avenue SW)

Date: October 23

AM Session: 8:30am - 12:00pm

PM Session: 1:00pm - 4:30pm

October 28, 2014

PASC Committee Meeting
JIR
Event Starts: October 28, 2014
Time: 11:00 am - 2:00 pm
Location: Calgary Petroleum Club: Cardium

November 12, 2014

PASC Board of Directors Meeting (4 of 11)
November 2014/15 Meeting
Event Starts: November 12, 2014
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club: Cardium A

November 20, 2014

PASC November Luncheon
2011 Accounting Procedure
Event Starts: November 20, 2014
Time: 11:30am - 1:00pm
Location: Calgary Petroleum Club (319 5th Avenue SW)

The PASC 2011 Accounting Procedure has changed the way companies should look at their AFE budgets. In past accounting procedures, the AFE budget was used for guidance and to establish limits on engineering expenditures but it ultimately did not establish the types of costs that would be approved. This luncheon will focus on the specific things that an approving engineer needs to pay attention to when it comes to AFE budgets and also what that will mean to the accountants administering the Joint Account.

Speaker: Kody Carroll

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

Note: Please make menu selection when registering.  If a menu selection is not made, one will be selected by the PASC administrator.

November 20, 2014

PASC Committee Meeting
Education
Event Starts: November 20, 2014
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

November 25, 2014

PJVA/PASC/CAPPA Seminar: 13th Month Adjustments, November 2014
13th Month Adjustments, Darren Reeves
Event Starts: November 25, 2014
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 232

December 10, 2014

PASC Board of Directors Meeting (5 of 11)
December 2014/15 Meeting
Event Starts: December 10, 2014
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club: President's Room

January 14, 2015

PASC Board of Directors Meeting (6 of 11)
January 2014/15 Meeting
Event Starts: January 14, 2015
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club: Cardium A

Closed Meetings

November 25, 2014

JIR Committee Meeting
Closed Meeting
Event Starts: November 25, 2014
Time: 11:00 am - 2:00 pm
Location: Calgary Petroleum Club: Cardium

November 26, 2014

FAR Committee Meeting
Closed Meeting
Event Starts: November 26, 2014
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

November 27, 2014

Education Committee Meeting
Closed Meeting
Event Starts: November 27, 2014
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

December 3, 2014

Marketing Committee Meeting
Closed Meeting
Event Starts: December 3, 2014
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

December 11, 2014

JVA Committee Meeting
Closed Meeting
Event Starts: December 11, 2014
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

December 15, 2014

Materials Inventory Committee Meeting
Closed Meeting
Event Starts: December 15, 2014
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

December 16, 2014

JIR Committee Meeting
Closed Meeting
Event Starts: December 16, 2014
Time: 11:00 am - 2:00 pm
Location: Calgary Petroleum Club: Cardium

December 18, 2014

Education Committee Meeting
Closed Meeting
Event Starts: December 18, 2014
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club


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