Loading Events

« All Events

  • This event has passed.

CAPPA Seminar: BC Crown Royalties

February 21 @ 8:30 am - 4:00 pm

CAPPA Seminar: BC Crown Royalties

February 21, 2018
8:30 am – 4:00 pm

Venue: University of Calgary, Downtown Campus, 906 – 8th Ave. SW, Calgary, AB

Check lobby screen for event room number.

Day of Registration: 7:45 – 8:15

Meals provided: Light breakfast snack, morning coffee break, Lunch, afternoon coffee break

Please advise of any dietary restrictions

Topic Outline:

British Columbia will see the introduction of Petrinex reporting in Q4 of 2018.  We will review current reporting and how BC Royalties are determined.  A high level update of changes when Petrinex goes live and how this will impact BC reporting will be included.

As a production accountant responsible for BC royalties, it is critical to both understand and be able to explain royalty determination to management. Each province has unique characteristics to their royalty framework and BC is no different.

Topics Covered:

  • Who is Responsible for Royalty Compliance?
  • Pre-Production Reporting
  • Production Reporting
  • Gas Royalty Reporting
  • Gas Price Valuation
  • Gas Base Rate Definitions
  • Production Based Gas Royalty Reduction Features
  • Gas Royalty Credit Features
  • Oil Royalties
  • Royalty Reconciliation and Validation
  • Penalties and Interest
  • Petrinex BC Inclusion Project – What’s changing and how will this impact BC reporting

Note: Net Profits Interest (NPI) and Long Term Royalty Agreements (LTRA) are not included

Speaker:

 

Rob Newberry, Technical Leader, Crown Royalties at ARC Resources

Rob Newberry has worked his entire oil and gas career with ARC Resources Ltd for the past 20 years.  Rob started out as Production Accountant and has been involved in Crown Royalties for the past 14 years.  Many of the topics covered in this seminar Rob has a working knowledge of and willingness to pass this knowledge onto others.

As ARC is a member of Canadian Association of Petroleum Producers (CAPP), he presently is Co-chair of CAPP Accounting Committee and participated in many Sub-Committees in the past.  Rob is strong supporter of Petrinex and was an industry participant of the BC Inclusion Project Design Phase in 2016/2017.   Rob has been a CAPPA instructor at SAIT for the past five years and involved in the redesign of the CAPPA curriculum.

In Rob’s spare time, he loves to golf, curl and spend time with his family.

Price:

Members $398 plus GST

Non-members $478 plus GST (not a member? Click here to apply for membership)

Non-member plus new CAPPA membership $547 plus GST

Registration deadline: Noon February 16, 2018

Cancellation policy:

Cancellations must be received by email to office@cappa.org in order to cancel event registration.

The following refund policy applies to this event:

Full refunds will be given if cancellation to CAPPA occurs prior to midnight on January 31, 2018

A 50% refund will be given if cancellation to CAPPA occurs prior to midnight on February 12, 2018

Refunds will not be given after February 13th.

A $20 administration fee is applies to full and partial refunds.

Registration, however, may be transferred to another attendee without an administration fee. Please notify CAPPA of the transfer to another attendee. The original registrant would be responsible to sort the payment out offline with the new attendee.

Details

Date:
February 21
Time:
8:30 am - 4:00 pm
Website:
https://cappa.wildapricot.org/event-2740476

Organizer

CAPPA
Phone:
403-265-1533

Other

Price for CAPPA Members
398 + GST
Price for Non-members
478 + GST

Venue

University of Calgary, Downtown Campus
906 8 Ave SW
Calgary, Alberta T2P 1H9 Canada
+ Google Map