Educational Programs

PASPB offers continuing education credit for Technical sessions generally held at 11:00 a.m., prior to each monthly meeting. Please see the Meetings page for a schedule of meeting dates.

Accredited Petroleum Accountant Program (APA)

For a local APA exam schedule visit the APA page.

For further information about the APA program visit the COPAS website.

COPAS Sponsored Programs

None at this time. Please check back.

Other Programs
(The following are not sponsored or endorsed by PASPB but are listed for your information.)

PDI Class - "Intro to Reserves" (CPE Credit)

The way Reserves are Defined and Reported is Changing! Here is your opportunity to learn the basics and the changes while getting 8 CPE hours.

Where: Midland College
When: Wednesday, Sept 10, 8:30 - 4:30
Cost: Please check the website below at registration
To Register: Go to the website and select the class (or call Linda Diaz at Midland College (432-683-2832)

For More Information: Call Jim Hoffman at 214-763-9644

Objectives:

• To obtain the knowledge base of what a reserve is
  
  
• To gain a working knowledge of Decline Curves, how they are calculated, what they mean and how they are projected forward
  
  
• To understand Reserves estimation principles and procedures, reasons and limitations and how they affect company value
  
  
• To learn the different parts of a reserve report
  
  
• To understand how reserves and decline curves contribute to the economic analysis of a project, well, field and company
  
  
• To review how reserves effect SFAS 143 and SFAS 69 calculations
  
  
• To understand potential changes in Oil & Gas reserve disclosures proposed by the SEC, and the industry's response to, in Concept Release 33-8870 "Concept Release on Possible Revisions to the Disclosure Requirements Relating to Oil and Gas Reserves" which can be found here (PDF document) and the Proposed Rule 33- 8935 "MODERNIZATION OF THE OIL AND GAS REPORTING REQUIREMENTS" which can be found here (PDF document).

Who Should Attend:

• Employees of Exploration and Production companies who have
  Production Estimating and Budgeting responsibility.
  
  
• Employees of E & P companies who are responsible for
  assessing project profitability, constructing AFE's and appraising
  Management of those principles and results.
  
  
• Employees of Oil & Gas Companies responsible for financial
  reporting over reserves disclosures including SFAS 69 and SFAS 143.
  
  
• Employees of audit firms who do financial statement audits.

Key Topics:

• Geology, Geography and Chemistry
• Overview of current oil & gas reserve definitions - SPEE andSEC
• Review of Estimation processes and decline curves
• Impact of Technology
• Impact of Geography and Chemistry on Pricing
• Reserve reports - impact on Full cost and Successful efforts companies
• SFAS 69
• How reserves affect SFAS 143
• Valuation for Management planning and acquisition and divestment decisions
• The rest of the world - Canadian, IASB and UN definitions
• SEC proposed changes and convergence with IASB and SPE definitions