PASH Newsletter

September 14, 2023

NOTE NEW MEETING LOCATION FOR SEPTEMBER

(watch future Newsletters for upcoming meeting locations)

September 14, 2023 meeting to be held at



Hilton - Houston North

12400 Greenspoint Drive

Houston, TX 77060


Committee Meetings: 3 PM

Social: 4 PM

Dinner: 5:30 PM



Parking is free at the Hilton! You have 2 parking options. Both the garage and parking lot are patrolled by security for your safety.


1) You may park out front in the large parking lot.

2) You may park in the parking garage by entering on the right side of the hotel. Pull up to the gate and it will open for you to pull inside and park. 


WINGS OVER HOUSTON

October 14 - 15, 2023

Ellington Airport, Houston


Come out for a fun filled day of entertainment featuring the World Famous U.S. Air Force Thunderbirds!



Loads of history and fun for all ages!

Mr. Rich Welsh will be joining us to share his passion of flying! Rich started flying when he was high school. He spent 8 years in the Air Force, reaching the rank of Captain, with 5 years in the F101B Voodoo, Supersonic Interceptor. 


Rich joined the CAF (Commemorative Air Force) in 1980 and has flown the Museums' WWII Vultee BT-13A trainer, plus owns a Mooney Super 21 aircraft. 


Rich has flown in several airshows including "Wings Over Houston". He has served on the Airshow staff for over 29 years and currently serves on the Board of Directors. 


Rich has put together a presentation on WWII aviation history called "America Trains For War" that is presented to youth groups as well as Veterans organizations. 


Membership Dues


Membership invoices were emailed out in August. If you didn't receive your invoice, please contact our Treasurer at pashtreasurer@gmail.com.



A quick reminder that voting representatives in committee meetings must be “members in good standing” a part of which means that you are current with your dues.


Members with unpaid dues at the September meetings will be unable to vote.


If you have changed jobs or your contact information needs updated, please contact pashmembership@yahoo.com

2023-2024 PASH Board of Directors

Lisa Collins - President

Kathy Johnston - Vice President

Ruth Strange - Treasurer

Charline Townsend - Assistant Treasurer

Jennifer Holt-McKellar - Secretary 

Fay Lascelle - Director, Hotel Liaison

Mark Robertson - Director

Pamela Akpotaire - Director

Mark Gibennus - Past President

Free CPE Event 

Grant Thornton will be hosting an Energy Symposium webcast series on Tuesday, September 26 & Wednesday, September 27. Please register using the link below.

 

https://link.edgepilot.com/s/891b6451/BRJxenjjv0C-HboiOA0JDQ?u=https://www.grantthornton.com/events-and-webcasts/energy/2023/energy-webcast-series?utm_source=pash%26utm_medium=referral%26utm_campaign=cmp-08924-p8f7r%26utm_content=energy-symposium-2023-webcast-series

 

If you have any questions or encounter any difficulties while enrolling, please contact Grant Thornton’s technical support via email at webcastCOE@us.gt.com; for issues or questions regarding CPE credit, please contact Grant Thornton’s CPE support via email at CPEEvents@us.gt.com.

 

Disclaimer: PASH and COPAS are both not affiliated with Grant Thornton. This is a courtesy advertisement. 


Revenue Committee

Come join the Revenue Committee in kicking off the new year! The committee will meet on September 14th, at 3:00 PM. 


Angela Boardman and Lawrence Hackney will be presenting on the topics "An Overview of E&P Revenue Accounting" and "Software Accountants Should Know About – Beyond Excel Revenue Accounting".


Angela is married to Dale, a proud mother of Dale and Darcy and pups Snazz and Luna. She is an expatriate, world traveler and immigrant to the USA. She currently serves as Director and Global Process Owner of Revenue for Hess Corporation in Houston. Originally from Aberdeen in Scotland, where she graduated from Robert Gordon University with a Business Degree before beginning her career with accountancy firm Ernst & Young and becoming ACCA qualified. She moved into the energy sector with increasingly senior Finance roles with Weatherford and Amec Engineering which included working in Aberdeen, London, Norway, Denmark, Brazil, Houston, and Calgary.


Lawrence's career in industry began with Deloitte (Touche Ross) as a financial auditor, then Internal Audit with Occidental Petroleum and finally Internal Audit, Controller and Operations Manager for BFI. In 1995, Lawrence returned to Houston from New York to begin his independent consulting practice where he has served his clients for 25 years.




Delivery Method: Group Live

CPE Credits: 1

Field of Study: Accounting

Program Level: Basic

Prerequisites: None

Advance Preparation: None needed


Description: Discussion and Overview of E&P Revenue Accounting; the management team, key monthly tasks, general responsibilities, and key business partners.  


Learning Objectives: 


Identify the various team members in an E&P Revenue Accounting Team


Discuss responsibilities and key monthly accounting tasks of an E&P Revenue Accounting Team


Identify key business partners of an E&P Revenue Accounting Team


Have an understanding of “Low Code/No Code” software that is available


Identify the software that enables the accountant to be more productive


Discuss alternative solutions to excel when dealing with large data sets and team sharing features are needed




Registration Cost: $0 for PASH Members


How to Register: No registration required


Membership Committee

Welcome back to PASH! 


There are some exciting and fresh things happening this year and we are excited that you will be a part of it! With your membership, you have access to educational opportunities, committee and general meetings, networking, and COPAS national meetings. To get the most out of your membership, you need to participate! Join a committee, participate in document re-writes, submit comments, or attend a national meeting. There are several ways to get involved. Reach out if you are interested.


PASH is a great place to network and get to know others in the oil and gas industry. If you know someone interested in joining, the Membership Application and instructions can be found on pashcopas.org under the Membership Tab, then Membership Application.

 

If you have questions about your membership, contact us at pashmembership@yahoo.com.


WELCOME to the thirty-seven (37) new PASH members! 


 We are excited that you are here! 

Mark Arzymanow, Occidental Petroleum

Ben Becnel, Commonwealth LNG

Bruce Blake, BWB Operating, Inc

David Caligur, Deloitte

Grace Cooper, Apache Corp

Greg Crochet, EEPB

Tom Dang, Mitsui E&P USA

Jimmy Duong, Hess Corp

Sarah Gauteson, Ring Energy

Alma Gonzalez, Everest O&G LLC

Fahad Hameed, Hilcorp

Olivia Hunte, Hilcorp

Lauren Jones, Wildfire Energy

Trevor Keyes, Conoco

Barbara Lettries, Repsol O&G USA

Carol Liu, Apache Corp

Vivien Liu, Hilcorp

Alicia McKenzie, Beacon Offshore Energy


Kim McNinch, Lonestar Production Co

Jose Muniz, Infinity Hydrocarbons

Alain Ndoudi, Chevron

Cindy Nguyen, Ring Energy

Mayra Padilla, Hess Corp

Natalie Poole, Hilcorp

Justin Satterfield, Baytex Energy

LaTresha Smith, EEPB

Eugene Sweeney, 605 Holdings

Catherine Thomas, Hilcorp

Lindsey Tomko, Coterra Energy

Veronica Tucker, Shell Oil Co

Angela Tuttle, Beacon Offshore Energy

James Walker, Hilcorp

Lauren Wang, Everest Enterprise Services

Laura Whitten, Chord Energy

Lara Wilkins, Marathon Oil

Jessi Wong, Apache Corp

Gia Young, Hilcorp

Education Committee 


The Education committee will hold its first meeting of the year on Tuesday, October 10, 2023, via Zoom 7pm. This committee meeting will focus on the scholarship program and Education Day speakers for Education Day 2024.

 

If you have suggestions for topics or know someone who might be interested in presenting at Education Day, please let us know. Please email Jacque Bateman (jacque.k.bateman@gmail.com & pasheducation@gmail.com) if you would like to participate in future Education Committee meetings. The agenda will be sent to those that have contacted Jacque.

 

Topic: Education Committee - October

Time: Oct 10, 2023 07:00 PM Central Time (US and Canada)


Join Zoom Meeting

https://us02web.zoom.us/j/89001454294?pwd=SCtDOUx1WFVvY1ZpSURmbjA0Z1BTZz09

Meeting ID: 890 0145 4294

Passcode: 773690

One tap mobile

+13462487799,,89001454294# US (Houston)

Dial by your location +1 346 248 7799 US (Houston)

Meeting ID: 890 0145 4294

Financial Reporting and Tax Committee

Hello everyone and welcome back to another season of PASH! 

 

We are actively coordinating with speakers to share their expertise with our members covering the following topics:

  • Oil and gas reserves
  • Energy tax credits
  • Lessons learned from oil and gas litigations

 

If there are other topics that you’re interested in or curious about, or if you would like to recommend a guest speaker, please share with your Committee Chairs – Roger Shao (roger.shao@rsmus.com) and Pablo Lutenberg (pablolutenberg@gmail.com).

 

Please stay tuned for our updates in the next month’s newsletter.



Audit and Joint Interest

The Joint Interest and Audit Committees will be having a joint meeting on Thursday, September 14, 2023 at the Hilton-Houston North from 3 to 4 PM. 



Joint Interest Committee,

 

Welcome to the 2023-2024 PASH year! We look forward to seeing returning members and meeting new members.

 

In September, we will be joined by the PASH Audit committee. Our presentation will be on Emerging Issues. The presentation will cover examples and discussion of charging Environmental Project Overhead as allowed by MFI – 58 COPAS 2022 Model Form Accounting Procedure Interpretation. We will also review Emerging Issues topics to be presented in the COPAS 2023 Fall Meeting in Colorado Springs, CO. This will give PASH members the opportunity to form opinions for more robust conversation at the fall meeting.




Audit Committee,


Please welcome Emily Boone as the 2023-2024 Audit Committee Chair!

With the COPAS National meeting happening the following week, we will have a breakout session at the end of the meeting to vote on items that will be discussed at the COPAS meeting. We will also be reviewing the Audit Committee Charter, once complete it will be submitted to the Board for approval.

 

Items to be voted on: MFI 57 AD



Golf and Picnic Committee

We will be holding our first in person meeting at 4:30, Sept. 14th after the JI/Audit combined meeting.

Small Companies

Peter Shields and Mary Gauss are excited to announce the restart of the Small Oil & Gas Company Committee!


We are planning a kickoff happy hour and lining up some great CPE for the year. Be on the lookout for email announcements. 


If you are not already on the list and are interested in learning more about the committee, please feel free to reach out to Peter and Mary at pash@melton-melton.com.


Dinner Speaker/Topic 

PASH will be hosting Mike Cougevan as our guest speaker. He will be presenting "After COVID-19: Musings of a COPAS Veteran".




Mike started his upstream oil and gas career at Conoco Inc, where he worked for 13 years in various positions of responsibility, including financial analysis, internal reviews, joint interest accounting, negotiation of agreements, and settlements of joint interest and revenue disputes. Mike joined Martindale Consultants, Inc. in 1994 and is currently a Vice President, focusing on complex audits, agreement negotiations, litigation support, and expert witness testimony.


Mike is considered a prominent authority for Gulf of Mexico operations and has performed international audits in Australia, Barbados, Brazil, and Guyana.

An active COPAS member for almost 36 years, Mike served as Chair of the COPAS Audit Committee and Chair of the COPAS Emerging Issues Subcommittee as well as six years on the COPAS Board of Directors, serving as President in 2012.



Mike was a member of teams that drafted approximately 20 COPAS publications. In 2009, Mike developed the ongoing “Knowing Your COPAS Documents” lecture and webinar series explaining the content and intent of various COPAS publications and has created 13 sessions of that series. Mike received the 2004 COPAS Eagle Award for outstanding service to COPAS and in 2022 was inducted into the COPAS Ring of Honor.





Delivery Method: Group Live

CPE Credits: 1

Field of Study: Accounting

Program Level: Basic

Prerequisites: None

Advance Preparation: None needed



Description: A light look at COPAS and the joint venture audit world since the COVID-19 masks came off.


Learning Objective: To get a better understanding of COPAS and the joint venture audit function and process.



Register for Dinner

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





Confirm that you have received the confirmation email such as this example when you register for dinner. If you do not receive the confirmation, please try to register again, or contact a Board Member.


Virtual Meeting Tips & Tricks

  • Join early to check your connection and chat with other attendees
  • Mute your microphone in the lower left corner of the Zoom screen when not speaking
  • Raise your hand using the options under the "Participants" button to request the floor
  • Utilize the "Chat" button for quick thoughts or if you don't have microphone capabilities
  • Be kind to others, embrace the process and have fun collaborating
  • First time using Zoom or want to learn more? Check out some video tutorials here.

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

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.