The April 2022 PASH meetings will be held in person on April 19, 2022 at the Whitehall Houston at 1700 Smith St, Houston, TX 77002

Howdy PASH Audit Committee! Our April meeting will be on Tuesday, April 19^th from 3 – 4:30 pm IN-PERSON at the Whitehall Houston. We will be reviewing comment responses and voting on the most recent draft of the new AP 20xx and related MFI. The final draft has been emailed but can also be found on the COPAS website in the “Minutes, Presentations, & Drafts\Draft Publications” folder. If you have any questions, feel free to contact Chris Pry at cpry@pooleaudit.com or Ruth Strange at ruth@pooleaudit.com. Also, please invite any coworkers or any one you know that might want to join our Committee and PASH.

Delivery Method: Group Live

CPE Credits: 1

Field of Study: Specialized Knowledge

Program Level: Basic

Prerequisites: None

Advance Preparation: Read the AP newest draft

Learning Objectives: By the end of this presentation, you will be able to

1. Identify the new changes to the AP

2. Gather discussion topics for National Meeting Voting session

Registration Cost: $0 for PASH Members

How to Register: No registration required for Audit Committee Meeting

Council of Petroleum Accountants Societies (COPAS), Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Our event is just around the corner. It will be held the week of April 25, 2022, at the San Luis Resort, Spa and Conference Center in Galveston, Texas.

We held a planning meeting via ZOOM will be on Wednesday, April 6, 2022, at 6pm to discuss the next steps. If you are not on the volunteer list and want to participate, please let me know so we can include you in any remaining meeting invites this month. Contact Jennifer at pashjennifer@yahoo.com 

We also plan to have an in-person run through at 2pm on Tuesday, April 19, 2022, prior to the PASH committee meetings. We hope you stay to enjoy the students receive their scholarship awards at dinner.

We have our committee chairs in place, and they would love your help assisting during the event in 2022. If you would like to participate, but aren’t sure where, we can share details on the various committee opportunities.

To register with for the COPAS meeting, please click the link below.

https://www.copas.org/events/2022-spring-meeting/

If you have any questions about the event (planning/assisting/attending), please contact Jennifer Holt-McKellar.

The Education committee will hold its next meeting via Zoom on Tuesday, May 3, 2022. See meeting login info at the bottom of this section.

This committee meeting will finalize the details for Education Day. Please email Jennifer (pashjennifer@yahoo.com) if you plan to participate in this meeting and want the paperwork before the meeting. Agendas will only be sent to those that respond prior to the meeting day above or attended the last meeting.

Scholarships – We are planning to award our scholarship recipients in person at the TUESDAY, April 19^th, 2022, meeting. Please plan to attend to support the award recipients.  

Education – Education Day is set for Thursday. May 26, 2022. OMNI – Galleria (same as May 2019). Look for registration to be available in mid-April  

Virtual meeting information:

Topic: Education Committee

Time: May 3, 2022, 06:00 PM Central Time (US and Canada)

Join Zoom Meeting

https://link.edgepilot.com/s/8fd47ed6/TK2HYoDgdkemOcr6lqdfGg?u=https://us02web.zoom.us/j/85086828949?pwd=Zzk5KzhaYTMxb0dPVDA3UVlpbHNUdz09

Meeting ID: 850 8682 8949

Passcode: 231416

The Financial Reporting & Tax committee is not meeting in April, keep an eye out for our next event!

Our April PASH meeting will be on Tuesday, April 19^th at The Whitehall Houston at 3:00 PM. A dinner will follow. The primary focus of the JI Committee Meeting in April will be voting on the new Economic Factors, the Accounting Procedure and the associated Accounting Procedure MFI. We will also be voting on a new Joint Interest Co-Chair for the 2022-2023 PASH Year.  

We hope you are enjoying PASH! Our April 19, 2022, meeting is scheduled to be in person. Have you considered sharing the experience with a coworker or friend? 

Do you:

·       Know someone new to the industry?  

·       Have an Oil and Gas accountant that could benefit from training and collaboration?  

·       Like to network?

Are you:

·       Stumped on a specific Oil and Gas Accounting issue?

·       Looking for Oil and Gas accounting updates and trending issue discussions?

Having a familiar face and a little guidance can make a huge impact to someone new to PASH. Feel free to encourage your coworkers or oil and gas accounting friends to join PASH. It is a great place to network and get to know a great group of people. The Membership Application and instructions can be found on our website pashcopas.org under the Membership Tab, then Membership Application. Please reach out to us at pashmembership@yahoo.com if you have any questions or concerns about membership or PASH in general.

With our PASH year coming to an end on 5/31/22, after April 1^st, we will hold applications to process in the summer. Invoices for year 2022-23 will be emailed out late summer. Our meetings will start again in September.

Please join me in welcoming these new members:

Sarah Branham                              Jura Energy LLC

John Dobbs                                      Sanare Energy Partners

Tabatha Ezeani                              ExxonMobil

Andy Harmon                                 ConocoPhillips

John Shaffer                                    Rockcliff Energy

Monica Smiedala                            Manti Tarka Permian

Please join the PASH Revenue Committee for their monthly meeting, held IN PERSON at the Whitehall April 19, 2022 at 3 PM.

Please join us to hear Hanley Sayers of Cresset Capital speak on personal wealth management and options employees have outside of their corporate deferred compensation plans.

Hanley Sayers serves as Market Managing Director & Wealth Advisor for Cresset and helps to lead Cresset’s presence in Texas from his office in Houston. In his role, he works with clients throughout Texas and across the country.

Before joining Cresset, Hanley served as a Vice President with Goldman Sachs, where he worked with a select group of high-net-worth families and individuals, as well as foundations and endowments, in conducting individual security, asset class, and portfolio analysis. Prior to Goldman Sachs, he held roles as a Vice President and Co-Founder of Osprey Development, a Broker with Sotheby’s International Realty, and an Analyst with Cambridge Associates.

Hanley earned a bachelor’s degree in business administration from Washington and Lee University, and an MBA with a dual concentration in private equity finance and real estate finance from the McCombs School of Business at the University of Texas at Austin.



Hanley is a lifetime member of the Houston Livestock Show and Rodeo, Houston Safari Club International, and Safari Club International. He lives in Houston with his wife, Beezie, and their five children.

You are invited to join us to celebrate the 60^th Anniversary of COPAS. Our event will be held the week of April 25, 2022, at the San Luis Resort, Spa and Conference Center in Galveston, Texas. The event will kick off on Monday with the Board of Directors meeting. On Tuesday we are offering extra CE’s in the morning followed by the Leadership meeting in the afternoon. Anyone is welcome to attend the Leadership meeting. Wednesday morning kicks off the committee meetings. On Wednesday afternoon we are offering extra CE’s along with golf and tours. Wednesday evening will be our reception. Thursday continues all day with committee meetings. Thursday evening will be our banquet at Moody Gardens. Friday morning will wrap up the event with the General Council Meeting.

The COPAS conference provides each society and member companies the opportunity to come together to examine and review existing documents and to discuss the need for new documents to set standard for the oil and gas industry. Each member company gets a vote on these documents, and any attendee can discuss their experiences, trials, and tribulations in how these documents would affect their jobs. Your company can have a say in shaping and implementing these guidelines. 

The best parts of the meeting as Education, Networking, and Problem Solving is what you get when you attend.

The conference offers standing committees in revenue, joint interest, audit, education, and small companies. An attendee has an opportunity to attend these committee meetings and network with people who share their same job responsibilities and challenges. The educational opportunities of attending also include receiving CE credits for many of the presentations.

A new Accounting Procedure is expected to be voted on in the Joint Interest, Audit and Revenue committee meetings. This procedure has been worked on by many in our industry over the last couple of years. Attend the meeting to get your voice heard.

COPAS is the organization that provides the industry expertise in developing the documents used by the oil and gas industry and companies look to COPAS for that authority. The creation and review of these documents offer tremendous overview for the attendees. Most individuals work in specific areas and don’t see the overall picture of what they do and how it affects other processes. By attending the conference, you are exposed to the details of how the documents used are created in the different committees like revenue and joint interest. In Audit, you can learn about what the issues are in audit procedures. In the Emerging Issues presentations, you can learn about what are the current issues facing our industry in today’s world. If you work for a small company, the Small Companies Committee gives you an opportunity to speak and listen to others in their similar situations. All this information provides attendees with a better understanding of how their jobs fit into the overall picture. 

There are plenty of opportunities to network. Meet others in the committee meetings, hospitality suite, golfing, tours, or evening events. Golf will be held at the Moody Gardens Golf Course on the island. Our tours will include the Ocean Star Offshore Drilling Rig & Museum, Texas Seaport Museum & Tall Ship Elissa and the Historic Harbor Tour & Dolphin Watch. On Wednesday evening we will have planned a reception at the hotel with light hors d-oeuvres. On Thursday evening we will hold the banquet at Moody Gardens on the island.

To register with for the COPAS meeting, please click the link below.

https://www.copas.org/events/2022-spring-meeting/

If you have any questions about the event (planning/assisting/attending), please contact Jennifer Holt-McKellar. pashjennifer@yahoo.com