Monday, November 14, 2022
1:00 PM – 4:30 PM MST
Pre-Conference Workshop Registration Open
2:00 PM – 4:30 PM MST
OIL22101. Pre-Conference Workshop: Leading High Performance Teams (onsite only, additional fee)
Jonathon Fite
- President | Professional Development Institute, University of North TexasAre you experiencing conflict on your team? Or wondering how best to motivate a colleague? How will that recent hire you made mesh with the rest of your group? In this highly interactive and participant-data driven workshop, you will examine the traits of a ‘Miserable Manager” vs. the “Fearless Leaders” we aspire to be. We will explore how values-based leadership is lived in the context of different workplace styles, and learn how to best adapt your style to optimize the performance of your team. Specifically we will assess the five behaviors of a High Performance vs Dysfunctional Team and the individual workplace styles that impact team performance.
Learning Objectives:
- Analyze the 5 dimensions of Hofstede's Cultural dimensions and their leadership implications
- Assess the five behaviors of a High Performance vs Dysfunctional Team
Tuesday, November 15, 2022
7:00 AM – 8:30 AM MST
Breakfast
7:00 AM – 5:15 PM MST
Main Conference Registration Open
8:00 AM – 9:00 AM MST
OIL2201. Welcome | Keynote: Oil and Gas is Here to Stay: Why the Industry's Future is Bright!
D. Kirk Edwards
- President & CEO | Latigo Petroleum, LLCEdwards will present a narrative of where we have been, where we are now and most importantly where we are heading in the future in the oil, gas and energy industries.
Learning Objectives:
- Recognize the critical drivers and scenarios most likely to impact demand for oil & gas in a post-Covid environment, and assess the differential impact on various regions and sectors of the oil & gas industry.
- Indicate the implications of changing economic dynamics on oil and gas investment, production, and workforce decisions.
- Identify recession worries, OPEC+ cutback decision and economic ramifications, Biden administration manipulation of SPR reserves and the resultant of that on our economy and oil balances across the world.
9:00 AM – 9:10 AM MST
Transition Break
9:10 AM – 10:25 AM MST
OIL2202. Legislative and Regulatory Impact on the O&G Industry Today
Pete Obermueller
- President | Petroleum Association of WyomingThis session will cover the local, national and global landscape in oil and gas production, and specifically federal lands oil and gas production. Impacts of the Inflation Reduction Act, Department of Interior regulations, and other federal oversight on federal lands production and investment.
Learning Objectives:
- Identify unique differences between regulatory impacts on oil and gas operations on federal lands vs private lands
- Assess current energy demand vs. supply and evaluate regulatory impacts in light of global economic factors
10:25 AM – 10:55 AM MST
Networking Break & Exhibits
10:55 AM – 12:10 PM MST
OIL2203. Geopolitical Outlook 2023
Matthew Gertken
- Senior Vice President | BCA ResearchIn this session we will provide a geopolitical forecast for 2023, with direct relevance for the global macroeconomic and financial market outlook, using a data-driven and non-partisan analytical framework. Special attention will be paid to the intersection between geopolitical scenarios and their impact on commodity and energy markets.
Learning Objectives:
- Interpret the driving geopolitical trends and risks over the next 12 months and assign probabilities to scenarios
- Apply the geopolitical forecast to the macroeconomic and financial outlook, especially with regard to commodity and energy markets.
- Recognize the method and best practices behind data-driven, market-relevant geopolitical analysis
12:10 PM – 1:10 PM MST
Onsite Networking Lunch
1:10 PM – 2:25 PM MST
OIL2204. State and Local Tax - Severance and Ad Valorem Considerations in High Commodity Prices
Martin Tschida
- Principal | Moss AdamsThis session will review the impacts and issues that arise in severance and ad valorem tax in a high commodity price environment.
Learning Objectives:
- Recognize recommended practices of calculating and projecting production taxes
- Determine how companies can reduce production tax liabilities through deductions, exemptions, and tax rates
- Identify new and potential tax policy changes that may impact production taxes
1:10 PM – 2:25 PM MST
OIL2205. Workforce Engagement and Retention in 2022 and Beyond
Davi Bryan
- Partner, Workforce Transformation | PwCMost people will say the global pandemic forced an unprecedented degree of digital transformation. This session proposes we've actually seen massive digital implementation and that digital transformation is still underway. Leaders are still grappling with how to attract, engage and retain talent in a world where employees have so many options.
In this session we will discuss:
- changing employee wants, needs and expectations
- how to create a hybrid strategy that works for you
- leader behaviors that will drive the future of your workplace experience
Learning Objectives:
- Know current trends in the workforce and how they impact retention
- Learn best practices for creating a hybrid strategy that works
- Gain leadership behaviors that will contribute to a digital and future-ready organization
1:10 PM – 2:25 PM MST
OIL2206. Data Analytics - How they are or should be driving the industry
Bernadette Johnson
- GM - Power & Renewables | EnervusThis session will use oil and gas market trends as a current case study in data analytics. The current market environment has evolved rapidly in recent years thanks to a series of once-in-a-lifetime events including a global pandemic, the war in Ukraine, oil and gas price extreme volatility, a new energy paradigm where the world wants to decarbonize AND provide affordable energy, capital scarcity, rapid inflation and interest rate increases, and ESG mandates from public shareholders. This session will address these macro trends.
Learning Objectives:
- How is data being deployed across the industry to tackle these challenges?
- What does the data imply about future commodity prices?
- How will the energy transition impact oil and gas in the medium to long-term?
2:25 PM – 2:40 PM MST
Transition Break
2:40 PM – 3:55 PM MST
OIL2207. Research and Development Tax Incentives for the Energy Industry
Gregory Homen
- Partner - Tax | KPMG LLPThis session will explore tax credit incentives available to the energy industry, specifically diving into the Credit for Increasing Research Activities (a.k.a. the "R&D Credit").
Learning Objectives:
- Identify available research and development tax deductions and credits
- Analyze the change in law relating to the research and experimental expenditures
- Assess the 280C election and the changes effective in 2022
- Recognize how the Bipartisan Budget Act of 2015 changes filing credits in past years
- Analyze Credit Refund claims and the implications of Chief Counsel Memorandum 20214101F
2:40 PM – 3:55 PM MST
OIL2208. Cyber Resilience & The Evolving Cyber Threat Landscape
John Rovinski
- Supervisory Special Agent | FBI: Cyber DivisionPatrick Ford
- CISO, Americas Region | Schneider ElectricDave Navetta
- Attorney | Cooley LLPRocco Grillo
- Managing Director - Global Cyber Risk & Incident Response Investigations | Alvarez & Marsal Global Cyber Risk ServicesAs the cyber threat landscape continues to evolve at a rapid speed, including the ransomware epidemic, it is increasingly important for companies to promote cyber resiliency practices so they can respond more effectively and minimize business disruption in the event of a breach or attack. This session will provide the perspective of first hand cybersecurity industry leaders bringing perspectives from the vantage point of a CISO, FBI / Law Enforcement, legal and privacy, as well as from an incident responder and investigations perspective.
Learning Objectives:
- Provide cybersecurity best practices and insight on developing and maintaining cyber resiliency in the face of evolving cyber threats.
2:40 PM – 3:55 PM MST
OIL2209. Drillin’ Deep on Your Accounting and Finance Digital Transformation
Morgan Page
- Partner, Digital Transformation and Automation | WeaverJust like pocket protectors, manually creating Excel schedules and static reporting are reminders of a bygone era. However, starting down the path of digital transformation in your Accounting and Finance organization can be daunting which is compounded by the unique nature of many oil and gas accounting processes. In this session, we will discuss how assess your organization for what specific types of technology and automation are necessary, types of technology that are used across the industry, specific use cases that can return hundreds (if not thousands) of productive hours back to your organization, and strategies to get your teams engaged with the process.
Learning Objectives:
- Identify critical technology needs for your transformation
- Specific Use Cases that can be applied in your organization
- Engaging your team in the transformation
3:55 PM – 4:25 PM MST
Networking Break & Exhibits
4:25 PM – 5:15 PM MST
OIL2210. A View from Inside the Beltway: Tax Policy & Politics
Jeff Kummer
- Managing Director | Deloitte Tax LLPThis presentation will look at the midterm elections and the potential impact those elections may have on tax policy. Additionally, we will discuss the recently-enacted Inflation Reduction Act, what Congress might accomplish during a post-election lame duck session and what tax policy developments may occur over the next two years.
Learning Objectives:
- Identify the tax implications of the Inflation Reduction Act
- Assess the future of tax policy and key tax issues
- Recognize the current and future tax and policy landscape with a focus on key legislative issues that may impact organizations
5:15 PM – 6:15 PM MST
Onsite Networking Reception
Wednesday, November 16, 2022
7:30 AM – 8:30 AM MST
Continental Breakfast
7:30 AM – 5:10 PM MST
Registration Open
8:00 AM – 8:55 AM MST
OIL2211. Chair Remarks | SEC Update on Current Accounting and Financial Reporting Issues
Jonathan Duersch
- Associate Chief Accountant | U.S. Securities and Exchange CommissionThis session will address current accounting and financial reporting issues that may impact the financial reporting risk companies manage from the perspective of an Associate Chief Accountant of the Office of the Chief Accountant of the SEC. This session will consider accounting issues that arise from enforcement issues, SEC staff comments/guidance, accounting standards, and Commission rule undertakings.
Learning Objectives:
- Identify current accounting and reporting issues to help better manage financial reporting risks
- Assess certain regulatory considerations in managing financial reporting requirements
8:55 AM – 9:05 AM MST
Transition Break
9:05 AM – 9:55 AM MST
OIL2212. Keynote: ESG Implementation Roadmap Across Public and Private Markets
Addison Holmes
- Vice President, ESG Strategy & Integration | Pickering Energy PartnersThis keynote will lay out the competitive bell curve of company ESG strategies and disclosures and discuss the implementation of ESG investing across public and private markets.
Learning Objectives:
- Identify the current state of ESG integration in private equity investing
- Recognize how public asset managers are evaluating risks and opportunities through the ESG lens
- Evaluate the competitive bell curve of ESG disclosure, including relevant frameworks and standards
9:55 AM – 10:25 AM MST
Networking Break & Exhibits
10:25 AM – 11:40 AM MST
OIL2213. SEC and Other Regulatory Standards for ESG Panel
Kenneth Witt
- Associate Technical Director, MA R&D | Association of International Certified Professional AccountantsStephen Grant
- Partner | Haynes and Boone, LLPDirk Cockrum
- Manager Director ESG | FORVISKyle Moffatt
- Partner | PwC USRecent major developments in response to the increased demand for information on climate change and other ESG issues include the formation of the International Sustainability Standards Board (ISSB) by the IFRS Foundation, and a significant rule proposal by the Securities and Exchange Commission on climate change disclosures.
This panel discussion will explore these emerging requirements with particular focus on the SEC disclosures and implications for the oil & gas sector.
Learning Objectives:
- Recognize the key components of the SEC climate change disclosure rule
- Identify the major concerns about the implementation and assurance of these disclosures
- Formulate a plan for responding to these emerging requirements
11:40 AM – 12:25 PM MST
Onsite Networking Lunch
12:25 PM – 1:40 PM MST
OIL2214 . Vendor and Procurement Fraud
Matt Pilkington
- Vendor Risk Auditor | Martindale ConsultantsRoger Gann
- President and CEO | Martindale Consultants, Inc.This session will cover conflict of interest and fraud aspects of a vendor relationship. The presenters will walk through the vendor relationship starting with the procurement process through ongoing vendor compliance, discuss key aspects of a vendor service agreement, and point out potential fraud and conflict of interest issues common to vendor relationships.
Learning Objectives:
- Identify potential conflicts of interest
- Recognize how to identify red flags for potential fraud risks
12:25 PM – 1:40 PM MST
OIL2215. Consolidation and Capital Market Transactions and Trends
John Fossum
- Managing Director | Petrie Partners LLCOverview of the energy capital markets and transaction market trends. Where has the market been and where are we going?
Learning Objectives:
- Understand how the E&P investor preferences in equities versus higher yielding instruments are impacting acquisition/ divestiture trends
- How consolidations are affecting specific basin within the US
12:25 PM – 1:40 PM MST
OIL2216 . US Natural Gas to the World
Brian Crane
- Vice President and Chief Security Officer | Mexico Pacific1:40 PM – 1:55 PM MST
Transition Break
1:55 PM – 2:45 PM MST
OIL22SS01. Managing Technology Disruption, presented by Grant Thornton
John Stilwell
- Principal, Transformation, Advisory Services | Grant ThorntonDisruptive industry market forces and the need to increase margins means embracing industry transformation strategies. Understanding and optimizing your technology foundation is critical to defining an achievable transformation strategy roadmap. Identifying the mix of multiple technologies and developing a plan for execution can position your business for future growth.
Learning Objectives:
- Recognize new technologies that support information technology and finance transformation
- Identify the types of technologies and execution plan to support your business
2:45 PM – 3:15 PM MST
Networking Break & Exhibits
3:15 PM – 4:05 PM MST
OIL2217. 45Q (CCS): Relevant Updates Post - Final Regulations
Mary Alexander
- Counsel | Vinson & ElkinsSteven Abbott
- Director - M&A Tax | PwCThis session will include a general discussion of the section 45Q regulations and the recent changes to section 45Q as a result of the Inflation Reduction Act.
Learning Objectives:
- Identify the general requirements to qualify for the section 45Q tax credit (i.e., statutory and regulatory requirements)
- Recognize the changes to section 45Q as a result of the Inflation Reduction Act
- Determine the various ways to monetize the section 45Q tax credits (i.e., tax equity, direct pay, transferability)
- Identify additional section 45Q guidance from IRS/Treasury that may be on the horizon
3:15 PM – 4:05 PM MST
OIL2218. Accounting and Strategy for Carbon Credits
Marcin Olewinski
- Assurance Partner | PwCMatt Kaden
- Managing Director - M&A Tax: Renewable Energy and Infrastructure | Moss AdamsDuring this session participants will learn how Carbon Credits/Offsets are created, tracked and acquired. We will also discuss existing accounting models for such instruments, including classification on the balance sheet, revenue recognition as well as matters relating to the initial and subsequent measurement.
Learning Objectives:
- Learn the basics and background of carbon credit markets
- Learn the existing accounting models for balance sheet classification of carbon credits
- Understand main considerations relating to the revenue recognition and initial and subsequent measurement of carbon credit
- Understand main lease and derivative considerations for carbon credits
3:15 PM – 4:05 PM MST
OIL2219. Shared Services Trends: Lessons in Resiliency and Growth
Bryan LaFrance
- Managing Director | AccentureCharlie Geer
- Sr Vice President/Chief Accounting Officer | HalliburtonThe session will examine recent trends in shared services with focused discussion on what we've learned during the pandemic in terms of resiliency and growth. Shared services organizations can help to drive finance and broader organization strategies. We will explore how to do this through expanding digital initiatives, driving efficiency, and unlocking business value. The session will include cross-industry trends as well as first-hand learnings from the Halliburton global shared service journey.
Learning Objectives:
- Determine how oil and gas companies are effectively using shared services
- Identify the benefits and opportunities for shared services in oil and gas
- Discuss the attributes and value driven by more advanced shared service strategies
4:05 PM – 4:20 PM MST
Transition Break
4:20 PM – 5:10 PM MST
OIL2220. Year-End Energy Tax Update
Sam Wren
- Partner-in-Charge, Business Tax Quality and Risk Management | WeaverReview of 2022 tax law changes related to the Tax Cuts and Jobs Act (TCJA) and Inflation Reduction Act (IRA)
Learning Objectives:
- Understanding energy tax implications of new 2022 tax law changes related to Tax Cuts and Jobs Act (TCJA)
- Understanding energy tax implications of new 2022 tax law changes related to 2022 Inflation Reduction Act (IRA)
4:20 PM – 5:10 PM MST
OIL2221. Financial Reporting and Accounting Update
Andrew Morrison
- Manager - Assurance Services | EYThis session will explore relevant topics in financial reporting and accounting for entities in the oil and gas industry.
Learning Objectives:
- Review recent accounting pronouncements and potential considerations for oil and gas companies
- Identify ongoing projects on the FASB's agenda and relevant status updates
- Recognize trends and observations from SEC activities and staff comments and speeches that may affect oil and gas entities