Seminars
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| May 21, 2013 | Introduction to JV Auditing | |
| May 29, 2013 | Introduction to JV Accounting |
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(PJVA reserves the right to cancel if minimum numbers are not met.) PAYMENT & CANCELLATION POLICY: ALL REGISTRANTS are required to prepay for all PJVA events. If credit card is not an option please contact the office. Cancellation notice is 7 business days for full refund, minus $50 administration fee. However, you are welcome to send an alternate. Previous seminars: |
Call for InstructorsThe Education Committee is currently seeking qualified individuals who would be willing to instruct these sessions. If you would like to take advantage of this opportunity, or if you know of someone who might, indicate this interest by providing the information requested on the Call for Instructors form and returning it to the address or fax number noted on the form, Attention: Education Director. |
Introduction to Unitization
This one-day seminar will provide a broad overview of unitization and will cover the following topics:- purposes of unitization
- relevant factors in unitization including mineral interest, lessor arrangements, government regulations, hydrocarbon recovery
- steps in initiating a unit including incentives, flow of events, equity negotiations and equalization of investment negotiations
- overview of Unit and Unit Operating Agreements
- "heads up" issues
Date: |
November 5, 2013 |
Location: |
The Petroleum Club |
Time: |
8:30 am - 4:00 pm Registration desk opens at 7:30 am |
Fee: |
PJVA members: $300.00 + GST Non members: $400.00 + GST |
Construction, Ownership and Operation Agreements
PJVA is offering a full day seminar dedicated to the development, negotiation and maintenance of Construction, Ownership and Operation Agreements. The content is targeted to those individuals who already have a basic understanding of the document, its function and place in the oil and gas industry. The material will be primarily focused on the 1999 PJVA Model CO&O Agreement and its usage.Land Agreements Overview
The course is designed to provide an overview of land agreements, with a particular focus on farmout agreements and the CAPL Operating Procedure. It will also help to increase the awareness of JV and accounting personnel about the major themes in land agreements, and includes an overview of:- the rationale for entering into earning agreements and the major provisions typically included in earning agreements in the context of the CAPL Farmout & Royalty Procedure;
- what the Operating Procedure is and why it was created;
- how the Operating Procedure is an industry document that crosses functions, rather than just a land document;
- the major themes at the foundation of the Operating Procedure; and
- the specific provisions of most direct impact to non-land personnel (i.e., approvals processes, over-expenditures, capital advance process, default remedies, production penalties, dispositions of interest).
Jim MacLean, President, MacLean Resource Management Ltd. Jim has worked directly on a number of industry standardization and work process improvement initiatives, including the C2C Task Force on industry dispute resolution processes and the Industry Advisory Committee working with the Alberta Department of Energy on the Alberta Land Tenure Review Project. He has also been the principal draftsman of a number of industry documents including: the 1990 CAPL Operating Procedure; 1997 CAPL Farmout & Royalty Procedure; 2000 CAPL Property Transfer Procedure; and the 2007 CAPL Operating Procedure.
Introduction to Joint Venture Accounting
This one-day introductory level course is designed to provide an overview and basic understanding of Joint Venture Accounting. This seminar will explain joint venture accounting, the different types and purposes of joint ventures and the accounting responsibilities of the operators and non-operators involved in joint ventures.Date: |
May 29, 2013 |
Location: |
Petroleum Club |
Time: |
8:30 am - 4:30 pm |
Fee: |
(Includes course material, coffee and lunch) |
13th Month Adjustments
(In conjunction with PASC and CAPPA)
The objective of this course is to provide a step by step method in performing 13th month adjustments. It also provides an excellent refresher for intermediate and senior individuals who are looking to refresh their skills. The morning will be dealing in general concepts, facility agreements, definitions and going over sample problems. The remainder of the course will have participants completing increasingly complex examples in a computer lab setting where you will build your own Equalization model.
Suggested attendees: The course is intended for individuals who have a few years of oil and gas experience and are looking to increase their knowledge in doing 13th month adjustments.
Product Measurement and Allocation
Formerly titled 'Product Allocation Exhibit Implementation for Joint Venture Representatives'(In conjunction with PASC and CAPPA)
This course addresses the following questions.
- What is product measurement and allocation?
- Why does product measurement and allocation matter?
- What is measurement difference? What is an acceptable measurement difference?
- What are common problems and pitfalls?
- What legislation applies to measurement and allocation? (ERCB Directive 17 and EPAP; Enhanced Production Audit Program)
- How does the PJVA/CAPPA/PASC model Product Allocation Exhibit address the above issues?
Joint Venture Agreement (CO&O) Practitioners, Product Allocation Practitioners, Revenue and Volume Auditors.
Introduction to Joint Venture Auditing
Date: |
May 21, 2013 |
Location: |
The Petroleum Club |
Time: |
8:30 am - 4:30 pm |
Fee: |
(Includes course material, coffee and lunch) |
This one-day introductory level course is designed to provide an overview and basic understanding of Joint Venture Auditing.
It will review audit protocol and procedures, explain the PASC Accounting Procedures from a joint venture audit point of view, analyze actual audit queries and include short workshops on actual joint venture invoices. You will also review the rights and responsibilities of the operators and non-operators involved in joint ventures.
This seminar is open to all oil and gas industry participants ranging from administration to land to operations to accounting to corporate management. Some prior exposure to joint ventures would be helpful. Most suitable for individuals involved in engineering, land operations, administration and accounting.
Joint Venture Agreements
This two-day introduction level course is designed to provide an overview and basic understanding of the new Construction, Ownership and Operating Agreement, Unitization Agreements, Gas Balancing, Gas Processing/ Transportation and other agreements. The CAPL Joint Operating Agreement and PASC Accounting Procedure, as they relate to Joint Venture Agreements, will also be presented by knowledgeable members of CAPL and PJVA.
AUDIENCE: To achieve maximum benefit from this seminar a participant should either have had limited prior exposure to joint venture agreements or desire a refresher on current joint venture agreement model forms. Some prior exposure to joint venture operations would be helpful. Most suitable for individuals involved in engineering, land, operations, administration and accounting.
Course is full.