2021 AICPA & CIMA | PDI Oil & Gas Conference

Nov 9, 2021 ‐ Nov 10, 2021



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. 


Sessions

Tax Considerations of Getting Deals Done in the Current Environment

Nov 10, 2021 10:50am ‐ Nov 10, 2021 11:40am

Identification: OIL2116

What do you get when you bring an attorney and a CPA in the room to discuss oil and gas trends?...Valuable insight on top-of-mind tax implications when getting deals done in the current market. Join us for a roundtable discussion on the opportunities and challenges many CFOs/controllers face when putting together a new deal or divesting as well as ongoing hot button tax issues.

Learning Objectives:
  • Determine the associated tax implications when structuring new deals or selling/exchanging assets
  • Recognize and gain insight on the current tax challenges in the space (carried interest, employee issues, legislation updates)
Speaker(s):
Category: Concurrent Session (Onsite and Online)
Standard: $49.00

Cybersecurity in the Oil Field: Fraud, Remote Work, and IoT

Nov 10, 2021 10:50am ‐ Nov 10, 2021 11:40am

Identification: OIL2117

This session will discuss the next regulation which will impact essential businesses, while also presenting today's challenges of securing an O&G business.  In a world where every morning brings news of a new cyberattack, what strategy works, and what can take an organization from being defensive to offensive when dealing with threats?   

Learning Objectives:
  • Recognize how fraud, remote work, and IoT will bring about the next big regulation.
  • Determine the most important part of a cyber defense
Speaker(s):
Category: Concurrent Session (Onsite and Online)
Standard: $49.00

Impact of Recent Bankruptcies on Midstream Contracts

Nov 10, 2021 12:35pm ‐ Nov 10, 2021 1:25pm

Identification: OIL2118

This session will explore the effects of the recent rash of bankruptcies in the upstream oil and gas sector (Extraction, Chesapeake, etc.) has on midstream oil, gas and water contracts Specifically, what effect does a producer's ability to reject an acreage dedication in bankruptcy have on the terms and economics of midstream contracts. Furthermore, are there alternative legal and contract structures that could return the original risk-reward proposition?

Learning Objectives:
  • Evaluate acreage dedications and covenants running with the land
  • Recognize executory contracts and why an acreage dedication is now viewed as an executory contract
Speaker(s):
Category: Concurrent Session (Onsite and Online)
Standard: $49.00

M&A - Acquisition Data Integration Made Easy

Nov 10, 2021 12:35pm ‐ Nov 10, 2021 1:25pm

Identification: OIL2119

In this session you will discover how to simplify merger and acquisition data integration into any ERP by following a straight-forward methodology and validation approach. Get your data in right within a tight timeline.

Learning Objectives:
  • Analyze the Acquisition Roadmap and life during the TSA period
  • Identify and outline ways to manage data integration activities
  • Recognize the best approach for testing management and success factors
  • Determine tips, tricks, and best practices for future acquisitions
Speaker(s):
  • Ryan Tart, Business Development Manager, EAG Services I EAG 1Source
Category: Concurrent Session (Onsite and Online)
Standard: $49.00

Basin Economics and Carbon Capture Opportunities

Nov 10, 2021 12:35pm ‐ Nov 10, 2021 1:25pm

Identification: OIL2120

The last few years have been a wild ride for oil and gas prices and upstream operators' activity levels. As we move toward a full reopening of the economy, higher hydrocarbon prices are allowing operators to return to the drill bit while still meeting investor demands for capital constraints and real returns. But increased focus on ESG concerns and climate change is forcing operators to consider more than just dollars and cents when they make an investment decision. In this session, Neil H. Little, Vice President and Reserves Engineer at Netherland, Sewell and Associates, Inc., will discuss the current economics of investing in U.S. basins, and how carbon capture could provide operators with the chance to increase returns by utilizing their reservoir rock a second time.

Learning Objectives:
  • Analyze the economics of different basins across the United States
  • Identify the impacts of hydrocarbon prices, capital and operating expenses, and taxes in calculating break-even economics
  • Recognize the opportunity carbon capture presents operators to generate additional revenues from reservoirs they already own
Speaker(s):
  • Neil H. Little, BS, MBA, Vice President, Netherland, Sewell & Associates, Inc.
Category: Concurrent Session (Onsite and Online)
Standard: $49.00

Creating a Culture of Security: Cybersecurity Trends, presented by Eide Bailly

Nov 10, 2021 1:30pm ‐ Nov 10, 2021 2:20pm

Identification: OIL2121

Have you created a culture of a security within your organization? It's not a matter of if an incident will occur, it's a matter of when. Planning for a cybersecurity incident now can save you time and money in the future. Not getting cybersecurity right could mean going out of business when a breach occurs. This session will help you create a culture of security as well as learn about current trends and next steps.

Learning Objectives:
  • Recognize cybersecurity trends
  • Identify the risks of error for your organization
  • Determine and outline next steps to mitigate risk
Speaker(s):
  • Michael Nouguier, CISSP, PMP, Director of Cybersecurity Services, Eide Bailly
  • Alex Brown, ITIL-F, Manager of Cybersecurity Business Development, Eide Bailly
Category: Concurrent Session (Onsite and Online)
Standard: $49.00

Restructuring - An Introduction, presented by Grant Thornton

Nov 10, 2021 1:30pm ‐ Nov 10, 2021 2:20pm

Identification: OIL2122

This session is an introduction to restructuring as a tool for adapting to changing markets.

Learning Objectives:
  • Recognize restructuring as reorganizing to achieve efficiency and adapt to changing markets
  • Identify and learn about recaps and roll ups
Speaker(s):
Category: Concurrent Session (Onsite and Online)
Standard: $49.00

What Capital Markets Look like in a Transitioning World

Nov 10, 2021 2:50pm ‐ Nov 10, 2021 4:05pm

Identification: OIL2123

This session will cover major trends and outlook relative to various forms of energy capital, evolving terms and capital requirements to access. 

Learning Objectives:
  • Identify key energy capital trends
  • Assess the outlook on how firms will access capital
Speaker(s):
  • Tracy Herrmann, Deals Partner - US Energy Sector Capital Market and Accounting Advisory Services Leader, PwC
  • Brian Thomas, Managing Director, Energy Finance Group, Prudential Private Capital
​Speaker - Virtual(s):
Category: General Session (Onsite and Online)
Standard: $49.00

Closing Keynote: Energy in Transition - Beyond Solar and Wind

Nov 10, 2021 4:10pm ‐ Nov 10, 2021 5:00pm

Identification: OIL2124

In February 2020, bp unveiled a new purpose and set out to reimagine energy for people and our planet knowing it would require reinventing bp. Jack Collins, President of Denver-based BPX Energy, will review bp’s ambition to become a net zero company by 2050 along with 20 aims set forth to achieve this and other goals. In particular he will focus on BPX’s contribution to these goals – specifically net zero emissions in operations, reducing methane emissions, and advocating for change. The session will also cover specifics for finance professionals including how the energy transition impacts tracking, accounting and compliance implications for financial reporting; changes to business fundamentals including increased electrification; and changing ways of work with increased automation.

Learning Objectives:
  • Evaluate the changing energy landscape and implications for companies
  • Identify changing business fundamentals and ways of working
  • Recognize emerging accounting and tracking requirements in this changing environment
Speaker(s):
Category: Conference Keynote (Onsite and Online)
Standard: $49.00