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VIRTUAL MEETING
THURSDAY, MARCH 20, 2025
1st speaker at 2:00 PM
2nd speaker at 3:00 PM
1st Speaker
For the 1st speaker; we have Michael Mondelli. Michael is a Senior Manager with External Reporting & Technical Accounting with Hess Corporation.
From 2004 to 2014, Michael worked at PricewaterhouseCoopers LLP in the assurance practice in Houston, serving oil and gas and oilfield services clients. He has been at Hess Corporation since 2014, managing the corporation’s technical accounting and SEC external reporting functions. He serves on the Committee of Accounting & Corporate Finance at the American Petroleum Institute.
Title: Disclosure of Payments by Resource Extraction Issuers
Presented by: Michael Mondelli
Program Level: Basic Delivery: Group Live CPE Credits: 1
Prerequisites: None Advance Prep: None Cost/Fee: Free
Field of Study: Accounting
Description: Overview (including evaluation of interpretive issues) related to complying with the SEC Final Rule “Disclosure of Payments by Resource Extraction Issuers”
Learning Objective:
By the end of this presentation, you will be able to:
1. Understand the disclosure requirements of the Final Rule
2. Identify various interpretive issues and the industry’s approach to addressing them
Description: This course is intended to explain the history / background of Section 1504 of the Dodd Frank Act (which was passed in 2010), which added Section 13(q) to the Securities Exchange Act of 1934, and to provide insight into the resolution of various interpretive issues that the industry has encountered when applying the Final Rule.
2nd Speaker
The 2nd speaker will be Mac Stockdale, founder and President of Quanta Technologies Inc., a hedging management software solution for upstream oil and gas companies.
Mac spent his professional career in global markets at ABN Amro Bank where he oversaw derivative trading in multiple asset classes, and sold financial risk management products to companies in several major global industries. After the 2008 Financial Crisis, he rebuilt the bank’s derivative platform to focus on the energy sector, primarily in North America and EMEA. After banking, he founded Quanta, a software company focused on helping US upstream oil and gas manage their commodity derivative portfolios.
Program Level: Basic Delivery: Virtual CPE Credits: 1
Prerequisites: None Advance Prep: None Cost/Fee: Free
Field of Study: Price Risk Management
Description: Mac will be providing an overview of what corporate price risk management is, and the industries that use it. He’ll then focus on the importance of hedging in oil and gas, and the tools used in its implementation. Finally, he’ll provide a glimpse into where the industry is heading, and what to expect from the new wave of technology on the horizon.
Learning Objective:
By the end of this presentation, you will be able to:
1. Understand and identify the history and use of hedging/derivatives in the oil and gas industry, common uses and what to expect going forward.
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