AICPA/PDI Oil and Gas Conference 2019

Nov 11, 2019 ‐ Nov 12, 2019


It is a transformative time for the energy industry due to advances in technologies resulting in a surge of output, large fluctuations in commodity prices and current and pending regulatory changes. Attending the AICPA and PDI Oil & Gas Conference will provide critical information needed for a sound decision-making process and development of a strong company financial strategy. The conference includes sessions, among others, led by industry experts that provide essential industry, accounting, tax and regulatory updates.


The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association’s website, educational materials, products, and services. The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association’s Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately. 

Packages Display Packages

This includes sessions from the conference: AICPA/PDI Oil and Gas Conference 2019

Sessions Included:

Welcome & Introductory Remarks | Keynote Panel: Rise of the Robots - Embracing the Future (Nov 11, 2019 08:00 AM)

Geopolitical Outlook 2020 (Nov 11, 2019 09:30 AM)

U.S. Production and Pricing Outlook (Nov 11, 2019 10:45 AM)

Tax Topics for Today (Nov 11, 2019 10:45 AM)

Reserve Based Lending in 55 Minutes or Less! (Nov 11, 2019 11:45 AM)

Upstream Oil & Gas Acquisition and Divestitures Trends (Nov 11, 2019 11:45 AM)

Leadership in the Digital Era (Nov 11, 2019 01:30 PM)

Accounting for Complex Oil and Gas Transactions (Nov 11, 2019 01:30 PM)

SEC Update (Nov 11, 2019 02:30 PM)

Policies Impacting the Oil & Natural Gas Industry in the West (Nov 11, 2019 03:45 PM)

Cybersecurity Threats and Risks Facing the Oil and Gas Industry (Nov 11, 2019 04:40 PM)

Cash Flow Forecasting in a Turbulent RBL Environment (Nov 12, 2019 07:00 AM)

Chair Remarks | Keynote: Energy Outlook to 2040 (Nov 12, 2019 08:00 AM)

Energy & The Economy: Markets in Transition (Nov 12, 2019 09:00 AM)

Tax Reform: Where Are We Now? (Nov 12, 2019 10:25 AM)

ASC 842 - Lessons Learned from Public Company Implementation (Nov 12, 2019 10:25 AM)

State of Renewable Energy (Nov 12, 2019 11:25 AM)

Energy Non-Traditional Financing (Nov 12, 2019 11:25 AM)

Energy Poverty: The Greatest Global Threat to People & Environment (Nov 12, 2019 01:10 PM)

Tax Considerations on the Acquisition and Disposition of Midstream and Upstream Assets: Avoid the BIG Traps (Nov 12, 2019 02:25 PM)

Forensic Hot Topics in the Oil and Gas Industry (Nov 12, 2019 02:25 PM)

Midstream - Opportunities and Challenges (Nov 12, 2019 03:25 PM)

Standard: $379.00

Sessions

Cure Confusion: A Deep Dive into Today's Toughest Accounting Issues

Nov 10, 2019 2:00pm ‐ Nov 10, 2019 4:45pm

Identification: OIL19101

Operation Minutes : 150

This session will quickly move past an overview and into detailed examples of actual transactions, relevant guidance and solution best practices to several accounting issues that almost every company is currently experiencing as a result of regulatory and market fluctuations.  

Regulatory changes include the FASB’s update to the definition of a business and applicable screen test; SEC proposed changes to the presentation of significant acquisitions; and Current Expected Credit Losses (CECL).  Market-driven complexities include upstream DrillCo arrangements with private equity and midstream partners; modifications to share-based payment arrangements; and mezzanine financing structures with characteristics of debt and equity.  Many issues around ASC 842 implementations are being discussed, but this session will dive into the details of identifying embedded leases, calculating the Incremental Borrowing Rate and implementing practical expedients.  

Learning objectives:

  1. Analyze these accounting issues and how they apply to existing or contemplated transactions
  2. Evaluate relevant examples to formulate and document solutions prior to completing such transactions or an external audit

Speaker(s):
Standard: $79.00

Welcome & Introductory Remarks | Keynote Panel: Rise of the Robots - Embracing the Future

Nov 11, 2019 8:00am ‐ Nov 11, 2019 9:25am

Identification: OIL1901

Operation Minutes : 75

Embracing automation to eliminate low value tasks and to become more strategic.  The session will focus on and highlight experiences, insights and best practices from those that have implemented and are implementing intelligent automation.

Learning objectives:

  1. Identify key considerations for building your RPA strategy from those that have been through it
  2. Recognize how to address and overcome challenges and resistance faced by companies further along in their RPA journey
  3. Determine the advantages of RPA and why to think about it now

Speaker(s):
Standard: $49.00

Geopolitical Outlook 2020Geopolitical Outlook 2020

Preview Available

Geopolitical Outlook 2020

Nov 11, 2019 9:30am ‐ Nov 11, 2019 10:20am

Identification: OIL1902

Operation Minutes : 50

This session will give an overview of the market-relevant political and geopolitical outlook for 2020 rooted in the dominant trends of 2019 and our long-term structural trends. The focus will be on US policy ahead of Nov 2020, China’s stimulus, the trade war, Iran, North Korea, OPEC, and Russia.

Learning objectives:

  1. Gain insight into contemporary global political, macro, and military events and the cyclical and secular trends leading into next year that will affect global markets
  2. Distinguish methods of political analysis
  3. Recognize how geopolitics affects global financial and economic outcomes
  4. Evaluate which geopolitical issues are relevant and the most probable outcomes

Speaker(s):
Standard: $49.00

U.S. Production and Pricing Outlook

Nov 11, 2019 10:45am ‐ Nov 11, 2019 11:35am

Identification: OIL1903

Operation Minutes : 50

In this session, we will discuss the U.S. oil and natural gas production and pricing outlook for the short-medium term. High level trends will be conversed that will drive the largest shale basins over the next five years, and how changing operator dynamics/expectations will impact growth moving forward. We will discuss what growing infrastructure and exports (both crude and LNG) will mean for the industry, and what impact they will have on local pricing points of both crude and natural gas. Finally, what is the longevity of shale and should we be worried?

Learning objectives:

  1. Recognize the impact a growing Permian Basin has on the US oil & gas outlook
  2. Evaluate basin-level trends to better understand regional production forecasts and pricing impacts
  3. Assess the factors contributing to concern about the longevity of shale

Speaker(s):
Standard: $49.00

Tax Topics for TodayTax Topics for Today

Preview Available

Tax Topics for Today

Nov 11, 2019 10:45am ‐ Nov 11, 2019 11:35am

Identification: OIL1904

Operation Minutes : 50

This session will highlight current tax topics facing both financial reporting and tax professionals. Topics include alternative financing, deferred tax issues, loss limitations, opportunity zones, and other SALT implications of tax reform.

Learning objectives:

  1. Recognize current trends in alternative financing
  2. Identify the benefits and requirements of opportunity zones
  3. Assess the implications of current deferred tax issues

Speaker(s):
Standard: $49.00

Reserve Based Lending in 55 Minutes or Less!

Nov 11, 2019 11:45am ‐ Nov 11, 2019 12:35pm

Identification: OIL1905

Operation Minutes : 50

Lenders can handle bad news, but we hate to be surprised by bad news. Bruce Hernandez will provide his perspective as a seasoned oil and gas lender on the rules of the road, what's changed, what's changing, what's to come, what you might not be able to count on your banks for anymore, and what we can do to improve the lines of communication between lenders and producers.

Learning objectives:

  1. Identify what producers need to know about changes that are impacting banks and their ability to lend to the sector?
  2. Recognize how can we increase transparency and collaborate on managing through the cycles?

Speaker(s):
  • Bruce Hernandez, Senior Vice President/Relationship Manager, U.S. Bank – Oil & Gas Division
Standard: $49.00

Upstream Oil & Gas Acquisition and Divestitures Trends

Nov 11, 2019 11:45am ‐ Nov 11, 2019 12:35pm

Identification: OIL1906

Operation Minutes : 50

Attend this session to get an overview of the strategies, dynamics and trends in the upstream oil and gas acquisition and divestiture marketplace.

Learning objectives:

  1. Identify buyer and seller dynamics and drivers for oil and gas acquisitions
  2. Evaluate the impact of Capital Markets on oil and gas markets, productions and valuations

Speaker(s):
Standard: $49.00

Leadership in the Digital EraLeadership in the Digital Era

Preview Available

Leadership in the Digital Era

Nov 11, 2019 1:30pm ‐ Nov 11, 2019 2:20pm

Identification: OIL1907

Operation Minutes : 50

In the digital era, there is a new model of leadership that requires leaders to be more digitally capable to exert a positive impact on their organization’s performance. This leadership requires a full and complex range of skills, including interpersonal, analytic and technical. To thrive, most organizations need to build new skills and capabilities, overcome old mindsets, and develop new ways of working. The digital transformation is here to unlock human potential. Are you ready?

Learning objectives:

  1. Identify the nature of current complex transactions observed in oil & gas
  2. Analyze accounting considerations of current complex transactions observed in oil & gas

Speaker(s):
Standard: $49.00

Accounting for Complex Oil and Gas Transactions

Nov 11, 2019 1:30pm ‐ Nov 11, 2019 2:20pm

Identification: OIL1908

Operation Minutes : 50

This session will explore accounting considerations for recent complex oil & gas transactions.

Learning objectives:

  1. Understand the nature of current complex transactions observed in oil & gas
  2. Understand accounting considerations of current complex transactions observed in oil & gas

Speaker(s):
Standard: $49.00

SEC Update SEC Update

Preview Available

SEC Update

Nov 11, 2019 2:30pm ‐ Nov 11, 2019 3:20pm

Identification: OIL1909

Operation Minutes : 50

The Office of the Chief Accountant is the primary adviser to the Commissioners of the SEC on all accounting matters and has oversight of the FASB and PCAOB. This session will discuss current oil and gas financial reporting issues from the perspective of the SEC’s Office of the Chief Accountant along with insights to interpreting U.S. GAAP and managing financial reporting risk.

Learning objectives:

  1. Identify current reporting issues and requirements related to U. S. GAAP and managing financial reporting risk
  2. Assess and interpret new rules and regulations based on the perspective of the SEC’s Office of the Chief Accountant

Speaker(s):
  • Jonathan Duersch, CPA, Associate Chief Accountant, U.S. Securities and Exchange Commission
Standard: $49.00
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