Tuesday, November 17, 2020
11/17 - ET
OIL2001. Welcome & Introductory Remarks | Keynote Panel: The New Reality of the Energy Industry
Russell Cotton
- Advisory Director | KPMGLaToya Stallworth
- Operations Support Team Leader | BPBilly Williams
- Audit Partner, Energy | KPMGRegina Mayor
- Global Head of Energy | KPMGThe 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
11/17 - ET
Transition
11/17 - ET
OIL2002. Private Equity (PE) Investment in Exploration and Production - How the Model has Changed and the Role of PE in a Shrinking Industry
Robert Edwards
- Partner | NGP Energy Capital ManagementJoin 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
11/17 - ET
Exhibitor Connection
We invite you to visit sponsors and exhibitors virtually to connect in real time during the exhibitor connection and regular breaks. Check out what exhibitors are offering as participating companies share industry solutions, resources and the latest products to help you grow your organization. Take part in live chats, raffle prizes and more!
11/17 - ET
Exhibitor Showcase: Building an Effective ICS Security Program with Protiviti
11/17 - ET
Exhibitor Showcase: Cybersecurity Impact on O&G Operations with Stinnett & Associates
11/17 - ET
Exhibitor Showcase: Navigating the Accounting Implications of Bankruptcy with Riveron
11/17 - ET
Exhibitor Showcase: PDI Training and the Business of Energy
11/17 - ET
OIL2003. The ABCs of ESG
Craig Friou
- Chief Compliance Officer and Deputy CFO | EnCap InvestmentsThis 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
11/17 - ET
Stretch*d Break sponsored by Weaver
Stretches to ease tension caused from long hours behind a desk (or your current makeshift work-from-home setup). We will focus on the neck, shoulders and low back, as well as your forearms and wrists.
11/17 - ET
OIL2004. Digitization - Driving Efficiencies in Oil and Gas
Nathaniel Clark
- Principal | Deloitte Consulting"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
11/17 - ET
OIL2005. Capital Market Perspectives and Trends
Aaron Vandeford
- President | EnerCom Inc.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
11/17 - ET
OIL2006. Changes to Partnership Tax Reporting
Sam Wren
- Partner-in-Charge, Business Tax Quality and Risk Management | WeaverThis 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
11/17 - ET
Transition
11/17 - ET
OIL2007. DEI: Not Just the Right Thing to Do, It’s Something We MUST Do
Ray Dempsey
- Sr. Vice President & Chief Diversity Officer | bp AmericaDiversity, 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
11/17 - ET
Exhibitor Connection
11/17 - ET
Exhibitor Showcase: Oil & Gas Trivia Part 1 with Moss Adams ($100 Amazon gift card to the winner)
!
11/17 - ET
Exhibitor Showcase: Plante Moran Oil and Gas - Team Meet and Greet
11/17 - ET
Exhibitor Showcase: PPE Loans and R&D Credit Planning with Source Advisors
11/17 - ET
Exhibitor Showcase: Right-sizing G&A with Opportune
11/17 - ET
OIL2008. SEC Division of Corporation Finance Overview and Update
Brad Skinner
- Office Chief | U.S. Securities and Exchange CommissionAmong other responsibilities, the Division of Corporation Finance reviews filings and other disclosures made by public companies. This session will provide an update on Division staff, recent rule making activity, the filing review process and current disclosure topics.
Learning Objectives:
- Review staff and structure of the Division of Corporation Finance
- Discover recent rule making activity
- Develop insight into the filing review process
- Identify current reporting issues
11/17 - ET
Transition
11/17 - ET
OIL2009. Keynote: Ouch. That Hurt. What’s Next for Oil and Gas?
David Ramsden-Wood
- Author | #hottakeofthedayThe 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
11/17 - ET
Dueling Pianos Virtual Happy Hour
Wednesday, November 18, 2020
11/18 - ET
OIL20ER01. Pandemic Workplace Disruption 2020: Surviving, Analyzing or Thriving?
Lindsay Holliday
- Managing Director, Financial Accounting Advisory Services | EY LLPRobert Dennis
- Audit Partner | KPMG LLPMegan McFarland
- Partner In Charge Dallas, National Energy Practice Leader | Moss Adams LLPMark Wise
- Audit Partner | Deloitte & Touche, LLP“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
11/18 - ET
OIL2010. Energy Trilemma: Demand, Returns, Sustainability
Helen Currie
- Chief Economist | ConocoPhillipsOil 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
11/18 - ET
OIL2011. Accounting & Reporting Considerations for Innovative Financing Solutions
Amy Stutzman
- Managing Director | Opportune LLPLearning Objectives:
- Assess current the capital market for energy companies
- Identify financing structures
- Evaluate reporting and accounting implications of financing structures
11/18 - ET
OIL2012. Developments in ESG Disclosure Frameworks
Dirk Cockrum
- Vice President | Kinder Morgan, IncInvestor and lender interest in environmental, social, and governance (ESG) information is growing rapidly. This session will compare and contrast commonly used disclosure frameworks, including the Sustainability Accounting Standards Board (SASB), Global Reporting Initiative (GRI), and Task Force on Climate-Related Disclosure (TCFD) recommendations.
Learning Objectives:
- Define the different approaches and intended audiences for SASB and GRI reporting
- Recognize the primary elements of the TCFD’s recommended disclosures
- Identify applicable ESG reporting best practices
11/18 - ET
OIL2013. Tax Challenges for Debt Financings and Restructurings
Christopher Woll
- Partner, Mergers and Acquisitions Tax | KPMG LLPBrandon Morris
- Senior Counsel | Akin Gump Strauss Hauer & Feld LLPAs companies are navigating the current economic and market conditions, many are faced with adjusting their capital structure to manage liquidity and put themselves in a better position to handle an unpredictable future. In this session, we will begin with a review of basic income tax concepts applicable to debt instruments and borrowing. We will then discuss US income tax issues commonly encountered by oil and gas companies when they look to restructure debt through negotiation with creditors or a bankruptcy proceeding. From delaying interest payments to a Chapter 11 reorganization, transactions that involve debt also involve complex tax rules that can either be an opportunity or a trap.
Learning Objectives:
- Review basic tax concepts related to debt instruments
- Recognize certain tax implications of debt modifications and exchanges
- Analyze the application of cancellation of debt to corporations and partnerships
- Consider industry specific issues in the context of a debt restructuring
11/18 - ET
Exhibitor Showcase With Riveron: The M&A wave in Oil & Gas: Considerations for Finance and Accounting Leaders
11/18 - ET
Exhibitor Showcase: Meet and Greet with Opportune
11/18 - ET
Exhibitor Showcase: Meeting the Challenge: The Growing Risk in Vendor Management with Stinnett & Associates
11/18 - ET
Exhibitor Showcase: Plante Moran Oil and Gas - Team Meet and Greet
11/18 - ET
OIL2014. Hot Topics in Financial Reporting and Accounting
Drew Warren
- Oil and Gas Sector Resident - National Professional Practice | EYThis session will explore hot topics in financial reporting and accounting for entities in the oil and gas industry.
Learning Objectives:
- Identify key considerations in accounting for DrillCo arrangements
- Outline recent trends in Securities and Exchange Commission staff comment letters
- Recognize pricing and discount rate assumptions used in proved property impairment analyses
11/18 - ET
OIL2015. Future Finance Workforce: The Human Side of Transformation
Morris Treadway
- Principal, Finance Transformation and Performance Management | KPMGJulie Munn-Sims
- Principal - Advisory - Finance & Strategy Transformation | KPMGOil & Gas companies are aggressively automating and applying digital technologies, but are they realizing the value from these investments? Value is realized when people change the way they think and act and when Finance changes the roles and personas in the organization to enable new capabilities and shift to value creation activities.
Learning Objectives:
- Discover how progressive companies are designing for organization agility that is more capability-driven vs. functional-oriented
- Recognize the changing roles and personas in Finance required to realize and sustain value through digital transformation
- Self-reflect and participate in an exercise to prioritize the new capabilities and skills you would like more of / less of in the future
11/18 - ET
OIL2016. State and Local Tax Matters: Opportunities Including Analysis of Wayfair
Bob Johnson
- Partner, SALT Services | BKD CPAs & AdvisorsThis session will discuss tax Issues impacting taxpayers as a result of Wayfair, CARES Act and future legislation.
Learning Objectives:
- Examine how Wayfair impacted more than e-commerce
- Recognize how Wayfair may be changing the rules for income tax
- Assess the impact of the CARES Act – can it provide enough relief for Taxpayers?
11/18 - ET
OIL2023. Chat Lobby: Lease Accounting Updates & Opportune Services (sponsored by Opportune)
Dave Loucks
- Director | Opportune LLPJoin Opportune in a text chat discussion on Lease Accounting Updates plus services and products that may be of interest to you. Dave Loucks will also be able to address any questions that you may have. (Not eligible for CPE).
11/18 - ET
OIL2017. Panel: The Impact of COVID-19 on Energy Valuations
James Jordon
- Managing Director - Forensics & Valuation Services | BKD, LLPSteve Hendrickson
- President | Ralph E. Davis AssociatesSrinivas Akunuri
- US Energy and Mining Valuation Leader | PwCThe panelists will discuss the impact of COVID-19 on the industry and its impact on impairments, bankruptcies, etc. In addition, the panelists will examine key assumptions and steps companies are taking to ride out the pandemic.
Learning Objectives:
- Assess the impact of the pandemic on energy companies compared to the broader market
- Discover key assumptions to consider in current valuations
- Evaluate impairments and bankruptcies given current market conditions
11/18 - ET
OIL2018. Minimizing the Cybersecurity Threat: How to Deter Top Trending Threats
Kevin Villanueva
- Partner - Cybersecurity Consulting | Moss Adams LLPCyber threats and data breaches are continuing their steep upward trend. No longer is it a question of if a breach will occur in your organization, but when. During this session, common cyber threats will be discussed along with best practices to implement in order to protect critical and sensitive business data and minimize the risk of a successful cyber-attack.
Learning Objectives:
- Identify the most prevalent cyber threats today impacting the oil and gas industry
- Recognize the data security controls needed to thwart cyber threats
- Consider the available best practice guidance to help reduce the risk of cyber attacks
11/18 - ET
OIL2019. Energy Finance Market Overview and Update
Blake Kirshman
- Managing Director, Head of US Energy | BBVADuring the session we will review the current state of the secured and unsecured energy markets, discuss the past, present and future energy finance markets, and impacts from changing investor dynamics and ESG implications.
Learning Objectives:
- Identify current trends and focus areas in the energy finance markets
- Review the past, present, and future of the energy finance markets
- Consider the recent push for sustainability in the energy space
- Recognize how ESG ties into the shifting appetite of the investor community
11/18 - ET
Exhibitor Showcase: Business Continuity with Protiviti
11/18 - ET
Exhibitor Showcase: Custom Equipment Building Materials and R&D Treatment with Source Advisors
11/18 - ET
Exhibitor Showcase: Oil & Gas Trivia Part 2 with Moss Adams ($100 Amazon gift card to the winner)
11/18 - ET
Exhibitor Showcase: PDI Training and the Business of Energy
11/18 - ET
OIL2020. Midstream Update - Macroeconomic Landscape and M&A Environment
Raymond Ballotta
- EVP & CFO | Cardinal MidstreamAfter a decade of robust growth, US Onshore both production growth and energy infrastructure buildout is moderating. Producers are likely to allow production to decline amidst stretched balance sheets and focus on Free Cash Flow. The rapid deceleration of drilling has occurred across shale plays resulting in lower expected growth for midstream. From a Midstream perspective, the industry is experiencing widespread reductions in Capex budgets and dividend payouts. Industry structure suggests midstream assets should consolidate, however, meaningful consolidation across the midstream space has yet to materialize due to several factors including challenges with relative value discussions, leverage issues and social challenges.
Learning Objectives:
- Assess the current market outlook
- Identify M&A trends
- Discover reasons why industry consolidation has yet to materialize
11/18 - ET
OIL2021. Basin Economics and Reserves Hot Topics
Richard Talley
- Senior Vice President | Netherland, Sewell & Associates, Inc.Join this discussion of basin economics given the current oil and gas environment, as well as various reserves hot topics including well spacing, shut-in wells, and PUDs.
Learning Objectives:
- Consider the economics of various basins, and what operators are doing to adjust to current economic conditions
- Identify economic challenges specific to various basins
- Review well spacing, both based on current commodity prices and recent results
- Examine the technical effects of well shut-ins and curtailments
11/18 - ET
Transition
11/18 - ET
OIL2022. 2020 Election Update and 2021 Preview of U.S. Tax Policy and Geopolitical Impact
Jeff Kummer
- Managing Director | Deloitte Tax LLPThis session will address the outcome of the 2020 presidential and congressional elections and how that may impact policy developments in Washington and beyond. Participants will gain the knowledge needed to anticipate possible future tax changes and consider what actions they can take now to begin planning for them.
Learning Objectives:
- Review key business and international tax proposals from Democratic presidential nominee Joe Biden and details of President Trump’s second-term tax agenda
- Consider how the outcome of the November elections and the fiscal health of the U.S. economy may shape U.S. tax policy in 2021 and beyond
- Identify what tax policy changes affecting the oil & gas industry may be anticipated next year
- Evaluate methods of political analysis and understand which geopolitical issues are relevant along with analysis of possible outcomes