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

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

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

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

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

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?

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

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

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

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