AICPA / PDI Oil & Gas Conference 2020

Nov 17, 2020 ‐ Nov 18, 2020



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Packages Display Packages

This includes sessions from the conference: AICPA / PDI Oil & Gas Conference 2020

Sessions Included:

Welcome & Introductory Remarks | Keynote Panel: The New Reality of the Energy Industry (Nov 17, 2020 10:00 AM)

Private Equity (PE) Investment in Exploration and Production - How the Model has Changed and the Role of PE in a Shrinking Industry (Nov 17, 2020 11:10 AM)

The ABCs of ESG (Nov 17, 2020 12:30 PM)

Digitization - Driving Efficiencies in Oil and Gas (Nov 17, 2020 01:35 PM)

Capital Market Perspectives and Trends (Nov 17, 2020 01:35 PM)

Changes to Partnership Tax Reporting (Nov 17, 2020 01:35 PM)

DEI: Not Just the Right Thing to Do, It’s Something We MUST Do (Nov 17, 2020 02:35 PM)

Keynote: Ouch. That Hurt. What’s Next for Oil and Gas? (Nov 17, 2020 04:55 PM)

Pandemic Workplace Disruption 2020: Surviving, Analyzing or Thriving? (Nov 18, 2020 09:00 AM)

Energy Finance Market Overview and Update (Nov 18, 2020 02:30 PM)

Accounting & Reporting Considerations for Innovative Financing Solutions (Nov 18, 2020 11:05 AM)

Developments in ESG Disclosure Frameworks (Nov 18, 2020 11:05 AM)

Tax Challenges for Debt Financings and Restructurings (Nov 18, 2020 11:05 AM)

Hot Topics in Financial Reporting and Accounting (Nov 18, 2020 12:25 PM)

Future Finance Workforce: The Human Side of Transformation (Nov 18, 2020 12:25 PM)

State and Local Tax Matters: Opportunities Including Analysis of Wayfair (Nov 18, 2020 12:25 PM)

Panel: The Impact of COVID-19 on Energy Valuations (Nov 18, 2020 01:30 PM)

Minimizing the Cybersecurity Threat: How to Deter Top Trending Threats (Nov 18, 2020 01:30 PM)

Energy Trilemma: Demand, Returns, Sustainability (Nov 18, 2020 10:00 AM)

Midstream Update - Macroeconomic Landscape and M&A Environment (Nov 18, 2020 03:50 PM)

Basin Economics and Reserves Hot Topics (Nov 18, 2020 03:50 PM)

2020 Election Update and 2021 Preview of U.S. Tax Policy and Geopolitical Impact (Nov 18, 2020 04:50 PM)

Standard: $379.00

Sessions

Welcome & Introductory Remarks | Keynote Panel: The New Reality of the Energy Industry

Nov 17, 2020 10:00am ‐ Nov 17, 2020 11:00am

Identification: OIL2001

Operation Alertness Issued: 4

Operation Alertness Required: 3

Operation Minutes: 50

Operation Credits: 1.0

Operation Advanced Prep: None

Operation Credit Type: Personnel/Human Resources

Operation Level: Intermediate

Operation Prerequisites: 3-5 years in the profession

Operation Sale: 1

Operation Archive: 1

The world has dramatically changed under COVID-19, climate change decarbonization and the oil price collapse. But what changes stick? And how will that affect our future? This panel will explore the 8 potential lasting changes of COVID on the Oil & Gas industry as well as share perspectives from millennials on how energy companies can attract and engage this generation. Key questions the panel will explore include:

a) How to make energy more enticing as an industry for millennials

b) What changes are relative to millennial sentiment under COVID? Many are in middle management and play an important role in guiding leaders as well as engaging the next generation.

c) What recommendations would they offer to energy companies on how to engage younger generations?

Learning Objectives:
  • Identify how to attract engaged employees
  • Determine methods to provide opportunities for career growth
  • Discuss being present for employees
  • Determine the best ways to engage millennials in face-to-face meetings
  • Recognize how to lead positive change
Speaker(s):
Category: General Session (Online)
Standard: $49.00

Private Equity (PE) Investment in Exploration and Production - How the Model has Changed and the Role of PE in a Shrinking Industry

Nov 17, 2020 11:10am ‐ Nov 17, 2020 12:00pm

Identification: OIL2002

Operation Alertness Issued: 4

Operation Alertness Required: 3

Operation Minutes: 50

Operation Credits: 1.0

Operation Advanced Prep: None

Operation Credit Type: Finance

Operation Level: Intermediate

Operation Prerequisites: 3-5 years in the profession

Operation Sale: 1

Operation Archive: 1

Join this discussion of how PE participates in a Restructuring North American Exploration and Production (E&P) sector.

Learning Objectives:
  • Recognize some of the investment objectives of Energy Private Equity
  • Evaluate how private equity companies adjust to the new reality of public markets being closed
  • Discover how private equity Firms are adjusting their portfolio based on the new E&P macro
Speaker(s):
Category: General Session (Online)
Standard: $49.00

The ABCs of ESGThe ABCs of ESG

Preview Available

The ABCs of ESG

Nov 17, 2020 12:30pm ‐ Nov 17, 2020 1:20pm

Identification: OIL2003

Operation Alertness Issued: 4

Operation Alertness Required: 3

Operation Minutes: 50

Operation Credits: 1.0

Operation Advanced Prep: None

Operation Credit Type: Specialized Knowledge

Operation Level: Overview

Operation Prerequisites: 1-2 years in the profession

Operation Polling: 1

Operation Sale: 1

Operation Archive: 1

This session will provide an overview of ESG: what is it, who wants it, and why. As a manager of private equity funds, understanding and complying with institutional investor’s ESG concerns is becoming increasingly important. While the general expectation is clear, it isn’t always clear what exactly needs to be done, how to measure it and how to report it. Now several years into their ESG journey, EnCap will share best practices, including those related to methane emission, water usage, diversity & inclusion, community impact and governance.

Learning Objectives:
  • Realize the perspective of investors on ESG
  • Determine how to determine what framework to use and what is material
  • Discover how to measure ESG performance
  • Assess how to report ESG measured performance
Speaker(s):
  • Craig Friou, CPA, Chief Compliance Officer and Deputy CFO, EnCap Investments
Category: General Session (Online)
Standard: $49.00

Digitization - Driving Efficiencies in Oil and Gas

Nov 17, 2020 1:35pm ‐ Nov 17, 2020 2:25pm

Identification: OIL2004

Operation Alertness Issued: 4

Operation Alertness Required: 3

Operation Minutes: 50

Operation Credits: 1.0

Operation Advanced Prep: None

Operation Credit Type: Business Management & Organization

Operation Level: Intermediate

Operation Prerequisites: 3-5 years in the profession

Operation Sale: 1

Operation Archive: 1

"Digitization" is a popular topic in Oil and Gas - but one where success can be hard to achieve.  This session will describe WHAT digital is, WHY its important, WHAT results Oil and Gas companies have been able to achieve, and - most importantly - HOW those companies have been able to accomplish those results.  This session will spend very little time on technology - but extensive time on how different approaches can lead to substantial operation efficiencies. 

Learning Objectives:
  • Identify what "digital" is, and its importance to the Oil and Gas industry
  • Recognize typical high-impact areas for digital in Oil and Gas
  • Evaluate challenges and corresponding approaches to address those challenges in Oil and Gas
Speaker(s):
Tags: Digital
Category: Concurrent Session (Online)
Standard: $49.00

Capital Market Perspectives and Trends

Nov 17, 2020 1:35pm ‐ Nov 17, 2020 2:25pm

Identification: OIL2005

Operation Alertness Issued: 4

Operation Alertness Required: 3

Operation Minutes: 50

Operation Credits: 1.0

Operation Prerequisites: 3-5 years in the profession

Operation Sale: 1

Operation Archive: 1

Operation Credit Type: Finance

Operation Level: Intermediate

Operation Advanced Prep: None

In this session we will review the current capital market environment for energy companies (public and private), explore how we got here and where do we go next. We will cover the ever-growing role of ESG as it is tied to capital availability, mergers and acquisitions, bankruptcy and more importantly capital market challenges upon emergence and valuation.

Learning Objectives:
  • Consider buy-side and issuer company perspectives on investment opportunities
  • Review capital availability and resulting operating trends
  • Assess the new normal on valuation of assets and companies
Speaker(s):
Tags: Finance
Category: Concurrent Session (Online)
Standard: $49.00

Changes to Partnership Tax Reporting

Nov 17, 2020 1:35pm ‐ Nov 17, 2020 2:25pm

Identification: OIL2006

Operation Alertness Issued: 4

Operation Alertness Required: 3

Operation Minutes: 50

Operation Credits: 1.0

Operation Prerequisites: 6-10 years in the profession

Operation Sale: 1

Operation Archive: 1

Operation Credit Type: Tax

Operation Level: Advanced

Operation Advanced Prep: None

Operation Polling: 1

This session will review recent changes to reporting partner information on Schedule K-1 and correcting partnership returns.

Learning Objectives:
  • Review changes created by the Bipartisan Budget Act of 2015 (BBA)
  • Recognize a BBA partnership
  • Identify the process of filing administrative adjustment requests
  • Recognize adjustment year differences per and post BBA
  • Determine the role of a superseded return
  • Identify new reporting components on Schedule K-1
Speaker(s):
  • Sam Wren, CPA, Partner-in-Charge, Business Tax Quality and Risk Management, Weaver
Tags: Tax
Category: Concurrent Session (Online)
Standard: $49.00

DEI: Not Just the Right Thing to Do, It’s Something We MUST Do

Nov 17, 2020 2:35pm ‐ Nov 17, 2020 3:25pm

Identification: OIL2007

Operation Alertness Issued: 4

Operation Alertness Required: 3

Operation Minutes: 50

Operation Credits: 1.0

Operation Advanced Prep: None

Operation Credit Type: Behavioral Ethics

Operation Level: Basic

Operation Prerequisites: 1-2 years in the profession

Operation Sale: 1

Operation Archive: 1

Diversity, Equity, and Inclusion (DE&I) is in sharp focus today for corporations in the US and around the world. The oil and gas industry has made some progress in the diversity space, but additional steps can be taken to further build upon the growth and be more inclusive of the changing workforce demographics. This session will explore the key business drivers for effective, intentional progress on the DE&I agenda.

Learning Objectives:
  • Illustrate a clear value proposition and business imperative for DE&I
  • Recognize existing challenges that need to be overcome to create a more diverse and inclusive company
  • Develop specific ideas and concepts that can be applied within your organization to drive progress
Speaker(s):
  • Ray Dempsey, Sr. Vice President & Chief Diversity Officer, bp America
Category: General Session (Online)
Standard: $49.00

Keynote: Ouch. That Hurt. What’s Next for Oil and Gas?

Nov 17, 2020 4:55pm ‐ Nov 17, 2020 5:45pm

Identification: OIL2009

Operation Alertness Issued: 4

Operation Alertness Required: 3

Operation Minutes: 50

Operation Credits: 1.0

Operation Advanced Prep: None

Operation Credit Type: Economics

Operation Level: Intermediate

Operation Prerequisites: 3-5 years in the profession

Operation Sale: 1

Operation Archive: 1

The onset of COVID-19 in March changed the supply/demand dynamics of the US industry forever but at the core, the macro always leads the micro, and in this session, we will discuss both.

Learning Objectives:
  • Consider how could this have happened and how did we know?
  • Recognize what it means for development in the US for years to come
  • Summarize why financial statements are important
Speaker(s):
Category: General Session (Online)
Standard: $49.00

Pandemic Workplace Disruption 2020: Surviving, Analyzing or Thriving?

Nov 18, 2020 9:00am ‐ Nov 18, 2020 9:50am

Identification: OIL20ER01

Operation Alertness Issued: 4

Operation Alertness Required: 3

Operation Minutes: 50

Operation Credits: 1.0

Operation Advanced Prep: None

Operation Credit Type: Business Management & Organization

Operation Level: Basic

Operation Prerequisites: 1-2 years in the profession

Operation Polling: 1

Operation Sale: 1

Operation Archive: 1

“2020” sent everyone scrambling to a remote work environment and many folks are still there. How did it go, how is it going, and where do we go from here? More than our work environment has changed - how is that impacting you, your companies, your ability to meet reporting and compliance obligations and your service providers?

Learning Objectives:
  • Identify strategies employed by businesses to transition to a remote environment
  • Recognize the impact the pandemic has had and will have on managing employees and service providers to ensure quality of work
  • Clarify the personnel, hiring and culture impacts of both the pandemic and resulting work environment
  • Assess changes you might expect for your 2020 audit as a result of pandemic restrictions and work environments
Speaker(s):
Tags: Early Riser
Category: Early Riser (Online)
Standard: $49.00

Energy Trilemma: Demand, Returns, Sustainability

Nov 18, 2020 10:00am ‐ Nov 18, 2020 10:50am

Identification: OIL2010

Operation Alertness Issued: 4

Operation Alertness Required: 3

Operation Minutes: 50

Operation Credits: 1.0

Operation Advanced Prep: None

Operation Credit Type: Specialized Knowledge

Operation Level: Intermediate

Operation Prerequisites: 3-5 years in the profession

Operation Sale: 1

Operation Archive: 1

Oil and gas producers today face a dynamic set of challenges to navigate for long term success. Foremost among these are (1) delivering supply as energy demand grows; (2) enabling energy transition; and (3) meeting investor requirements for performance and distributions. This session delves into the forces shaping the oil market environment and looks ahead to assess the roles for oil and gas in a world transitioning to lower carbon energy. And we wrap up with a discussion of strategies that companies can adopt to succeed and thrive through volatile market conditions and the energy transition.

Learning Objectives:
  • Examine the oil market environment, past and present, with an in-depth look at cyclical versus structural outcomes of 2020
  • Recognize Energy Transition and long-term roles for oil and natural gas in a lower carbon future
  • Assess successful strategies for navigating the triple challenge of supplying the world’s energy needs, being an enabler in the energy transition, and delivering investor returns amidst ongoing market volatility
Speaker(s):
Category: General Session (Online)
Standard: $49.00
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