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CAPPA Seminar: BC Crown Royalties

February 21, 2018 @ 8:30 am - 4:00 pm

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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

In a relatively short period of time, the province of British Columbia has emerged as a major producer of natural gas. The royalty collected by the BC government from petroleum production is expected to be near $400 million this fiscal year.  Activity levels to add more productive capacity through drilling and building new processing facilities has been steady, partly due to the welcoming terms of the royalty regime.

As an accountant responsible for BC royalties, it is critical to both understand and be able explain royalty charges and variances 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

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.  He was hired in 1997 as a Production Accountant, has been involved in Crown Royalties for the past 13 years.  Many of the topics covered in this seminar Rob has working knowledge of and willingness to pass this knowledge onto others.

As ARC is a member of Canadian Association of Petroleum Producers (CAPP), he has been involved in the CAPP Accounting Committee and participated in many Sub-Committees in the past.  In 2013/2014 he participated on the “BC Deep Well Royalty Credit Program Modification Task Group” which developed Tier 1 Gas Royalty Credits for shallow gas wells.  Rob is strong supporter of Petrinex and presently an industry participant of the BC Inclusion Project Design Phase.   Rob has been a CAPPA instructor at SAIT for the past four years and is involved in the redesign of the 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, 2018
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
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