Program Overview
This program was developed by CAPPA. It provides students with a solid knowledge of petroleum products and an understanding of the industry’s financial practices, reporting and government regulations.
Course 1 – Introduction to the Oil & Gas Industry
This course provides an excellent overview of the petroleum industry. Topics covered include geology, exploration, land, reservoir engineering, economics, recovery processes, drilling, completions, field operations, oil pipelines, transportation, refining and marketing and the roles of the Production, Revenue and Joint Venture Accountant. This course is also suitable for those seeking general industry knowledge.
Subsequent courses are Production Accountant (PA) specific and are taught following the flow of the PA desk and reporting calendar.
They are:
Course 2 – Field Data Capture, Raw Data, Well Production & Joint Venture
This course will assist students in understanding the sources and types of available information specific to the operation of wells. Topics include; the sources and usage of field data, raw data, well production data and specific data required for Joint venture operations.
Course 3 – Water & Water Volume Confirmations, Oil & Oil Splits
The product flowing from a well is made up of multiple components. In this course students will learn to how to confirm the water and water volume output and the oil and oil splits of producing wells.
Course 4 – Gas & Gas Splits (Allocations)
It is important to be able to monitor and allocate the production of a well in order to ensure accurate compensation. Gas produced from a single well can be examined as the production of a single well or as part of a large flow. This course introduces students to the calculations and processes required to examine gas production in a single or combined flow.
Course 5 – Volumetrics, Production Accounting Analysis
The volume of gas or oil in a geologic formation and the changes that result from the changes in pressure from an underground formation to the surface has direct impact on the profitability and viability of a field. This course will introduce students to the calculations used to determine and examine the recoverable reserves of a field.
Course 6 – Fee Calculations & Journal Entries, Marketing, Revenue Allocations & Journal Entries, Oil Valuations & EVAP
This course introduces students to the fee calculations and Journal entries relating to product marketing, revenue allocation, oil Valuations and EVAP.
Course 7 – Freehold, Override, IOGC& Unitization
A well or field may be subject to various production, regulatory and royalty conditions that can impact reporting. This course examines the concepts and processes relating to Freehold agreements, Override calculations, IOGC and Unitization.
Course 8 – Crown Royalty Calculation, Reconciliation & Journal Entry, Gas Cost Allowance, Tax Levies & Fees
The calculation of Crown Royalties, taxes and fees is important to the reporting of production and earnings. This course introduces students to the calculations and processes used to calculate Crown Royalties, perform reconciliations and complete journal entries related to gas cost allowance, tax levies and fees related to production.
Course 9 – Production Accounting Software, Accruals, Accounts Receivable Reconciliation, Case Studies
Through the use of examples and case studies students will learn how to use production accounting software to calculate accruals and complete accounts receivable reconciliations.
Course 10 – Measurement, EPAP, Directive 17 and Oil Sands
This course will introduce students to the unique nature of the oil sands as a source of production and the royalty, cost analysis and reporting requirements for Oil Sands projects. The course also includes activity related to measurement, and compliance with the Enhanced Production Audit Program (EPAP) & Directive 17 Measurement Requirements for Oil and Gas Operations.
