NEWS & EVENTS
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February 2017
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Events Calendar

February 8, 2017

PASC Board of Directors Meeting (6 of 11)
February 2016/17 Meeting
Event Starts: February 8, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

February 8, 2017

PJVA/PASC/CAPPA Joint Course: Product Measurement & Allocation, February 2017
Event Starts: February 8, 2017
Time: 7:30 am Breakfast & Registration; 8:00 am - 4:00 pm Seminar
Location: PJVA Office c/o A+ - #600, 900 - 6 Avenue SW

February 16, 2017

PASC/PJVA Joint Luncheon - February
Update: The First Day of the Alberta Carbon Levy
Event Starts: February 16, 2017
Time: 11:30 a.m. Registration & Lunch; 12:00 p.m. Presentation
Location: Calgary Petroleum Club (319 - 5th Avenue SW)

Update: The First Day of the Alberta Carbon Levy and Mitigating with Government Incentives for Oil and Gas Producers and Midstreamers.

Come hear about New Federal and Provincial Incentives that help companies access credits for innovative processes that most O&G Companies operating in AB and BC access every day.
Speakers -David Van Den Beld PWC Partner National SR&ED Science Leader, Domenico Barrufaldi PWC Partner, Mel Wilson, Partner and National Leader, Sustainable Business Solutions at PwC Canada

Speakers:

David Van Den Beld
PWC Partner National SR&ED Science Leader and other government incentives

Domenico Barrufaldi
PWC Partner, Tax / National Energy Tax Leader, Specializing in M&A, Corporate Finance & Restructuring.
 
David Crawford
PWC Senior Manager, Indirect Tax Services

Mel Wilson
Partner and National Leader, Sustainable Business Solutions at PWC Canada

Just Added!
Ken Ghag

Senior Manager, Indirect Tax Group at PWC Vancouver 

Cost:
Members $45.00 +GST
Special Rate $45.00 +GST for IIA
Student Rate $20.00 +GST
Nonmembers: $55.00 +GST
 
L: Calgary Petroleum Club (319 - 5th Avenue SW)
D: Thursday, February 16, 2017
T: 11:30 a.m. - 1:00 p.m.

Lunch will be provided with a non-alcoholic beverage, and dessert.

March 8, 2017

PASC Board of Directors Meeting (7 of 11)
March 2016/17 Meeting
Event Starts: March 8, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

March 14, 2017

PASC Course: 2011 Accounting Procedure (Introduction)
2011 Accounting Procedure (Introduction) 1/2 Day
Event Starts: March 14, 2017
Time: Registration 7:30 am; Course 8:00 am - 11:30 am
Location: Associations Plus Inc. 600, 900 6 Avenue SW, Calgary

2011 Accounting Procedure: Introduction
Format: ½ day (4-hours)

The PASC 2011 Accounting Procedure affords a new option to companies for a model accounting procedure that was designed in context of an ever-changing industry environment. This course acts as an introduction to some of the key changes that were brought about with the introduction of the 2011 PASC Accounting Procedure, and overviews how some of the new options in PASC 2011 affect our current business practices.

Instructor:  Kody Carroll
As President of Integrity Audit and Accounting Ltd., Kody Carroll has been specializing in Joint Venture Accounting and Joint Venture Audit for both upstream and midstream oil and gas companies for 18 years. He has performed and managed a number of audits at a multitude of companies across the industry. In addition, he has been involved in training on PASC model agreements, equalizations, joint venture accounting, and joint venture audit.

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

Tuesday, March 14, 2017
Registration & Breakfast 7:30 am; Course 8:00am - 11:30 am
Associations Plus Inc. 600, 900 6 Avenue SW, Calgary

Note: Light refreshments served.

March 14, 2017

PASC Course: 2011 Accounting Procedure (Intermediate)
2011 Accounting Procedure (Intermediate) 1/2 Day
Event Starts: March 14, 2017
Time: Registration 12:00 pm; Course 12:30 pm- 4:00 pm
Location: Associations Plus Inc. 600, 900 6 Avenue SW, Calgary

2011 Accounting Procedure: Intermediate
Format: ½ day (4-hours)

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
As President of Integrity Audit and Accounting Ltd., Kody Carroll has been specializing in Joint Venture Accounting and Joint Venture Audit for both upstream and midstream oil and gas companies for 18 years. He has performed and managed a number of audits at a multitude of companies across the industry. In addition, he has been involved in training on PASC model agreements, equalizations, joint venture accounting, and joint venture audit.

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

Tuesday, March 14, 2017
Registration 12:00 pm; Course 12:30 pm- 4:00 pm
Associations Plus Inc. 600, 900 6 Avenue SW, Calgary

March 22, 2017

PASC/PJVA/SPE Joint Luncheon - March
Ridley Island
Event Starts: March 22, 2017
Time: 11:30 am Registration & Lunch; 12:00 pm Presentation
Location: Calgary Petroleum Club (319 - 5th Avenue SW)

Ridley Island – 1st Canadian Propane Export Terminal



As propane use continues to expand in Asia and other overseas markets, AltaGas’s propane export terminal will get Alberta and BC’s natural gas to new markets.

Speaker: Jamie Fisher, Director - Energy Exports at Altagas

March 23, 2017

Course: Revenue Audit
Revenue Audit
Event Starts: March 23, 2017
Time: 7:30 am - 12:00 pm
Location: Associations Plus Inc. 600, 900 6 Avenue SW, Calgary AB

Revenue Audit
Format: ½ day

You will learn the following in this 1/2 day session:

  • Petrinex
    • Audit preparation - to ascertain risk areas
  • EPAP - Directive 76 (Alberta)/ EVAP (Saskatchewan)
    • Enhanced Production Audit Program System
    • Enhanced Valuation Audit Program
  • Directive 17
    • Measurement Requirements for Oil & Gas Operations
  • Directive 46
    • Production Audit Handbook
  • Gas Component Conversiona & Oil Densities
  • Onsite Information
    • Production Accounting & Revenue Files
    • Oil & Gas Analysis
    • Production Accounting Information Not Available
  • Common Rick Areas & Findings
    • Gas
    • Oil & Solution Gas
    • Liquids

Instructor: Dale Richardson
Dale Richardson received a two year business administration diploma from  Mount Royal College and worked as a Tax Clerk, Gas Plant Accountant, Internal Auditor and a Revenue and Fixed Asset Supervisor before joining Rife Resources Ltd in August 1983.  He started at Rife Resources as a Senior Auditor,  became Audit Supervisor in 1987, was then promoted to the Audit Manager from 1993 to 2008. Since 2008 Dale has become the Business Manager at Rife Resources Ltd.  Dale is currently part of the Asset Preservation and Compliance Team which involves ensuring that the terms of freehold leases are complied with and non leased mineral titles lands are included with offsetting production are drilled or leased out. Dale is also part of the offset team that issues offsets on leased freehold lands where offsetting production is draining the freehold lands. The APAC teams is also involved in mediation and legal issues.

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

Location: Associations Plus Inc. 600, 900 6 Avenue SW, Calgary AB
Time: 7:30am Registration & Lunch, 8:00am Class Starts

March 29, 2017

PASC Event: Meet, mix & mingle!
Event Starts: March 29, 2017
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 Wednesday, March 29th 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 +GST
Nonmembers: $20.00 +GST
Location: Calgary Petroleum Club (319 - 5th Avenue SW)

April 11, 2017

Course: Intro to Petroleum Tax 1/2 Day
Intro to Petroleum Tax - morning session
Event Starts: April 11, 2017
Time: 8:00 am to 12:00 noon
Location: Associations Plus Inc. 600, 900 6 Avenue SW, Calgary, AB

PASC is offering a half day course on the Introduction to Petroleum Tax.  Topics for the course include an Overview of Income Tax; What is income; How oil and Gas activities are treated for tax; Land costs; Development Costs; Revenue, expenses & tax.  Now is the time to finally understand what is COGPE, CDE and CEE tax classes and how do they affect the bottom line to your company. 

At the end of the class you will an example on how the tax guru’s complete the T2 tax return.  The course is taught by Keith Raskob-Smith Senior Supervisor, Tax for Devon Canada. 

PASC Members: $300 + GST

Non-PASC Members: $350 + GST

Location: Associations Plus Inc. 600, 900 6 Avenue SW, Calgary, AB

Time: 8:00am Registration & Breakfast, 8:30am Class Starts

Note: Full breakfast & tea/coffee served between 8:00am - 8:30am

April 12, 2017

PASC Board of Directors Meeting (8 of 11)
April 2016/17 Meeting
Event Starts: April 12, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

Closed Meetings

February 9, 2017

Joint Venture Audit Committee Meeting
Closed Meeting
Event Starts: February 9, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

February 21, 2017

Joint Interest Research Committee Meeting
Closed Meeting
Event Starts: February 21, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

February 22, 2017

Membership/Marketing Committee Meeting
Closed Meeting
Event Starts: February 22, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

February 22, 2017

FAR Committee Meeting
Closed Meeting
Event Starts: February 22, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

February 23, 2017

Education Committee Meeting
Closed Meeting
Event Starts: February 23, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

March 9, 2017

Joint Venture Audit Committee Meeting
Closed Meeting
Event Starts: March 9, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

March 16, 2017

Education Committee Meeting
Closed Meeting
Event Starts: March 16, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

March 21, 2017

Materials & Inventory Committee Meeting
Closed Meeting
Event Starts: March 21, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

March 21, 2017

Joint Interest Research Committee Meeting
Closed Meeting
Event Starts: March 21, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

March 28, 2017

Membership/Marketing Committee Meeting
Closed Meeting
Event Starts: March 28, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

April 13, 2017

Joint Venture Audit Committee Meeting
Closed Meeting
Event Starts: April 13, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

April 18, 2017

Materials & Inventory Committee Meeting
Closed Meeting
Event Starts: April 18, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

April 18, 2017

Joint Interest Research Committee Meeting
Closed Meeting
Event Starts: April 18, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

April 20, 2017

Education Committee Meeting
Closed Meeting
Event Starts: April 20, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

April 26, 2017

Joint Committee Meeting: Education/Membership/Marketing
Closed Meeting
Event Starts: April 26, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club

April 27, 2017

Membership/Marketing Committee Meeting
Closed Meeting
Event Starts: April 27, 2017
Time: 11:30 am - 1:30 pm
Location: Calgary Petroleum Club


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