Events Calendar
October 24, 2017
PJVA/PASC/CAPPA Seminar: 13th Month Adjustments, October 2017 | |
13th Month Adjustments, Darren Reeves | |
Event Starts: | October 24, 2017 |
Time: | 7:30 am Registration/Breakfast; 8:00 am - 4:00 pm Session |
Location: | PJVA Office c/o Associations Plus Inc., #600, 900 - 6 Avenue SW, Classroom |
November 1, 2017
Course: Petroleum Accounting - Introduction | |
Petroleum Accounting: Introduction | |
Event Starts: | November 1, 2017 |
Event Ends: | November 2, 2017 |
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: November 1 & 2 (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 Mehri Salimova |
November 14, 2017
Course: Equalizations Basics | |
Equalizations Basics 1/2 day | |
Event Starts: | November 14, 2017 |
Time: | Registration & Breakfast @ 8:00am; Course 8:30 am to 12:00 noon |
Location: | Associations Plus Inc. 600, 900 6 Avenue SW, Calgary AB |
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 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: Location: Associations Plus Inc. 600, 900 6 Avenue SW, Calgary AB |
November 15, 2017
PASC Luncheon: November 15, 2017 | |
Event Starts: | November 15, 2017 |
Time: | 11:30am - 1:00pm |
Location: | Calgary Petroleum Club (319 5th Avenue SW) |
Going Beyond LLR: A reliable model for early estimation of Asset Retirement Obligation (ARO) Speakers: Mike Newton, 360 Energy Liability Management & Jennifer Baerg, XI Technologies D: Wednesday, November 15, 2017 |
Closed Meetings
October 26, 2017
Membership/Marketing Committee Meeting | |
Closed Meeting | |
Event Starts: | October 26, 2017 |
Time: | 11:30 am - 1:30 pm |
Location: | Calgary Petroleum Club |
November 9, 2017
Joint Venture Audit Committee Meeting | |
Closed Meeting | |
Event Starts: | November 9, 2017 |
Time: | 11:30 am - 1:30 pm |
Location: | Calgary Petroleum Club |
November 16, 2017
Education Committee Meeting | |
Closed Meeting | |
Event Starts: | November 16, 2017 |
Time: | 11:30 am - 1:30 pm |
Location: | Calgary Petroleum Club |
November 21, 2017
Joint Interest Research Committee Meeting | |
Closed Meeting | |
Event Starts: | November 21, 2017 |
Time: | 11:30 am - 1:30 pm |
Location: | Calgary Petroleum Club |
November 23, 2017
Membership/Marketing Committee Meeting | |
Closed Meeting | |
Event Starts: | November 23, 2017 |
Time: | 11:30 am - 1:30 pm |
Location: | Calgary Petroleum Club |