The Whitehall

1700 Smith Street 

Houston, TX 77002

Committee Meetings:

3:00 - 4:30 PM

Social hour: 

4:00 - 5:00 PM

Dinner: 

5:00 - 7:00 PM

Mark Gibennus - President

Lisa Collins - Vice President

Ruth Strange - Treasurer

Kathy Johnston - Assistant Treasurer

Jennifer Holt-McKellar - Secretary 

Mark Robertson - Director

Michelle Caruso - Director, Membership

Fay Lascelle - Director, Hotel Liaison

Karla Zawodny - Past President

Membership Committee

We hope you are enjoying PASH and the in-person meetings. 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.

Please join me in welcoming these new members:

Tammy Billington                         EOG Resources, Inc.

Kenneth Brown                           Hilcorp Energy Company

Jennifer Climaco                      Hilcorp Energy

Nikole Duarte                            Citation Oil & Gas

Mike Gibson                               Associated Resources Inc

Jason Hall                                  Hilcorp Energy

Donna Kelly                            ExxonMobil

Joseph Kirkpatrick                  Petroleum Comptroller Services, Inc.

Katie Land                               Callon Petroleum

Ashley Leal                            Citation Oil & Gas

Kim Living                             Hilcorp Energy

Morgan Pearson                   Apache Corp

Zainab Salim                        Coterra Energy Inc.

Ericka Vasquez                   Hilcorp Energy

Diana Voss                          EOG Resources

Ashley Williams                   Hilcorp Energy

Marquis Williams                EOG Resources

Returning members: If you have not paid your dues by now, you will need to contact the Membership Committee to be reinstated.  pashmembership@yahoo.com. 

Our next meeting will also be held via Zoom on Monday, November 14, 2022. Meeting login info will be sent closer to the meeting.

This committee meeting will continue to focus on Education Day speakers and the Scholarship program. Please email Jacque (pasheducation@gmail.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.

Ethics course – Location nor date has been confirmed. Watch for information in the upcoming newsletters.

Scholarships - The committee will discuss the Scholarship program for April 2022.

Education – Education Day date has not been set as of this newsletter. Look for registration to be available in late March or early April. If there is a speaker you heard at a conference you attended and think others would enjoy the topic, please send the topic and the speaker contact information to Jacque (pasheducation@gmail.com). Jacque will review the topic/speaker with the committee and contact them if a slot is available.  

Revenue Committee and Financial Reporting and Tax Committee

Revenue Committee and Financial Reporting and Tax Committee will be holding a combined meeting on November 17, 2022 at the Whitehall Hotel from 3:00pm to 5:00pm. 

We will be featuring 2 speakers David Romig (Ryan, LLC) representing PASH Revenue Committee and Pablo Prudencio (Wood Mackenzie) representing PASH Financial Reporting & Tax Committee. 

David Romig is an Accredited Petroleum Accountant with over 41 years of Oil and Gas industry experience working for majors, independents and as a consultant. He is currently a Senior Manager for Ryan LLC. Prior to Ryan, he was an Assistant Controller of Revenue Accounting. During his career, he has worked in Revenue Accounting, Operations Accounting, Plant Accounting and in IT. David has seen the deregulation of the industry and worked through these transitions and managed the opportunities. He has overseen revenue collections exceeding billion dollars per month and has worked as the Reporter for one of the top 6 payors of federal royalties to the US. David has watched federal royalties evolve from reporting to the USGS to the MMS to ONRR. He has been an active member of COPAS and PASH for over 28 years. He represented COPAS as a committee member on the Dept of Interior Extractive Industries Transparency Initiative as well as a general industry representative for the Gas Royalty Negotiated Rule Making Initiative with the Mineral Management Service.

Pablo works as a Principal Analyst within Wood Mackenzie's US Lower 48 upstream research team. He is responsible for developing the company's long-term oil and gas supply view for the Lower 48 states. In previous roles, he was the lead analyst covering some of the most active unconventional plays in the US, including the Permian and Bakken. Pablo specializes in identifying key trends and themes across the US E&P space and understanding their impact on activity levels and production. Pablo graduated from Texas A&M University with a BSc in Petroleum Engineering.

Delivery Method: Group Live

CPE Credits: 1 for each hour

Field of Study: Specialized Knowledge/Accounting

Program Level: Basic

Prerequisites: None

Advance Preparation: None needed

Registration Cost: $0 for PASH Members

Audit Committee

Howdy PASH Audit Committee!

Our November meeting will be held on Thursday, November 17^th

from 3 – 4:30 pm IN-PERSON at the Whitehall Houston

We will be reviewing the latest draft of the MFI-40 re-write as well as discussing issues brought up during the National meeting in Irving last month. If you have any questions, feel free to contact Chris Pry at cpry@pooleaudit.com or Emily Boone at eboone@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: Review latest draft of MFI-40 Rewrite

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

1. Provide feedback for the drafting committee in relation to the MFI-40 rewrite

2. Have a more specific understanding of the 24-month limitation MFI.

Registration Cost: $0 for PASH Members

Joint Interest Committee

Cecil Sprague will be the guest speaker for the JI Committee for November 2022; discussing Equipment and Facilities furnished by the Operator.

Cecil R. Sprague III, CPA - APA

Asset Accounting Supervisor – Eagle Ford, Permian, and REx

Cecil Sprague has worked for Marathon Oil for almost 15 years of which the vast majority of his time has been spent on various domestic onshore assets along with a stent working internationally. Cecil has supported resource shale plays in North Dakota, Permian, Eagle Ford, and Oklahoma in a variety of roles throughout his career. Currently he is the Asset Accounting Supervisor for Eagle Ford, Permian and Resource Exploration. Prior to joining Marathon, Cecil worked for Oxy and KBR. Cecil is an APA, a CPA and earned his undergraduate degrees in accounting and business administration at Northwestern State University while getting his MBA from LSU-Shreveport. Cecil has been an active member of PASH and recently served on the Joint Interest committee prior to joining the National Audit Committee as secretary in 2021. 

Delivery Method: Group Live

CPE Credits: 1

Field of Study: Specialized Knowledge/Accounting

Program Level: Basic

Prerequisites: None

Advance Preparation: None needed

Registration Cost: $0 for PASH Members

Golf and Picnic Committee

The current date for the Tournament and Picnic is May 15^th. We are looking forward to a fun year of planning and looking for new members to join our committee. Please email Emily Boone if you would like to join the committee Eboone@pooleaudit.com. 

Dinner Speaker/Topic 

Please join us in hosting Lee Henagan and Jonathon Travis. They will be presenting the topic of Severance Tax.

Lee C. Henagan

Director, Severance Tax, Ryan, Houston office

• Specializes in providing multijurisdictional severance tax consulting services, including identifying and obtaining production tax incentives, deductions, and exemptions.
• Provides ongoing severance tax consulting services to clients on a multijurisdictional basis.
• Analyzes internal tax and royalty compliance processes and provides recommendations for best practices in process enhancement

Jonathon D. Travis

Principal, Ryan, Houston office

• Specializes in providing severance tax services to clients in the oil and gas industry, including well incentives and exemptions, deductions, and regulatory procedures and hearings.
• Specializes in the training and implementation of severance tax reporting processes and procedures.

Delivery Method: Group Live

CPE Credits: 1

Field of Study: Specialized Knowledge/Accounting

Program Level: Basic

Prerequisites: None

Advance Preparation: None needed

Registration Cost: $0 for PASH Members

Please respond with dinner reservations by Thursday, November 10th at 12:00 PM Noon, otherwise you will be placed on the dinner wait list. 

Please inform us if you have special dietary requests, such as gluten free or vegetarian. 

Member Benefits & Resources

Leadership Opportunities

Looking for a chance to be more involved and expand your leadership skills? Reach out to Karla at karlaz.pash@gmail.com to learn more.

PASH Website

Visit us at www.pashcopas.org today to learn more about the society.

• View the latest job postings for oil and gas accounting opportunities
• Find contact information for PASH leadership and access the membership directory (login required)
• Access membership information and applications to share with colleagues
• Access historical monthly PASH Newsletters

Petroleum Accountants Society of Houston Federal ID 76-0673831

COPAS Membership Discounts

Did you know that as a COPAS member you are entitled to reduced rates from several rental car companies? Use the following IDs to get discounts with:

• Avis:      AWD - L039224
• Hertz:     CDP - 1970958
• National:   Contract ID - ESHB51C (includes Loss Damage Waiver)
• Enterprise: Customer Number - SB00001, Pin - ENT

For more savings opportunities, log in to COPAS and visit http://www.copas.org/memberbenefits

COPAS Website 

For COPAS information, you can visit the website at www.copas.org or call 877-992-6727.

• Draft documents
• COPAS meeting information
• Educational opportunities
• Maintain your delivery preferences for the COPAS Accounts Magazine

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.