2574  |  In Person Training  |  Update  |  Scheduled

Oil & Gas Conference

Thursday, August 29, 2019 8:00am - 3:50pm

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Oil and gas accounting is becoming increasingly complicated in today's economy. The terminology, concepts and specific rules are challenging to learn and apply. Join the OSCPA and popular speakers for this specialty conference designed to put oil and gas updates at the forefront. Earn eight hours of recommended CPE in the most current issues.

HOTEL ACCOMMODATIONS: Sleeping rooms are available at the Sheraton Midwest City Hotel for $109/night until August 8, 2019. To reserve a room, please call 1-800-325-3535 and mention you are with the OSCPA Oil & Gas Conference.

PARKING: Self parking is available at no charge to all attendees.


Designed For

CPAs in the oil and gas industry and those in public accounting with oil and gas clients.

Your Price: $345.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations. This price includes the early-bird discount. Full prices will be applicable to all registrations after August 8, 2019.

Members log in and save $100.00 on this event. Not a member? join today.


Thursday, August 29, 2019

7:00am - 8:00am
8:00am - 9:40am

Panel topics are likely to include geopolitical influences on energy markets (specifically in Venezuela, Libya and Iran), trade tensions, global oil demand projections, the outlook for the U.S. economy and Oklahoma, trends in local production and prices and the production and employment outlook for the local industry.

  • Participants will learn about global prospects for energy demand growth and the primary risk factors to global oil production and global economic growth.
  • Participants will better understand the linkages between general economic activity and local industry activity. The panel will conclude with each panelist sharing their outlook of the industry in Oklahoma.
Credits: Economics 2
9:40am - 9:50am
9:50am - 10:40am
  • Understand the impacts of current property tax trends that will impact the 2019 tax liability.
  • Learn of the coming 2020 rule and legislative issues that will impact future liability.
Credits: Specialized Knowledge - Oil & Gas 1
10:40am - 10:50am
10:50am - 11:40am
  • Learn about the current view of Acquisitions and Divestitures (A&D) in the upstream oil and gas business.
  • Expand A&D knowledge and learn about the current trends.
  • Learn about what other attendees are experiencing and how EnergyNet can assist.
Credits: Specialized Knowledge - Oil & Gas 1
11:40am - 12:00pm
12:00pm - 12:50pm
  • Gain an understanding and apply main components of Accounting for Income Taxes for Oil and Gas Industry as required by FASB ASC 740.
  • Identify and classify deferred tax assets and deferred tax liabilities.
  • Calculate income tax expense for oil and gas financial statement purposes.
Credits: Specialized Knowledge - Oil & Gas 1
12:50pm - 1:00pm
1:00pm - 1:50pm
  • Hear an overview of midstream energy investing.
  • Gain an understanding of the midstream energy asset class.
  • Learn about investable products in the pipeline.
1:50pm - 2:00pm
2:00pm - 2:50pm

Learn about the challenges related to the new lease accounting standard (ASC 842) to upstream oil and gas primarily from the lessee perspective, which includes challenges and lessons learned regarding accounting, data, technology, process and control issues.

  • Understand the challenges associated with lease identification, embedded leases, key policy elections, discount rate, fixed and variable lease payments and disclosures.
  • Understand data challenges associated with lease population, completeness and extraction.
  • Understand technology challenges associated with systems, business processes, internal control issues and communications.
Credits: Specialized Knowledge - Oil & Gas 1
2:50pm - 3:00pm
3:00pm - 3:50pm

Discuss the emerging issue of producers and operators paying gatherers, processors and purchasers to take gas to continue producing oil.

  • Discuss the ramifications associated with this issue.
  • Determine considerations for handing accounting for transaction.
  • Determine what may govern accounting decisions.
Credits: Specialized Knowledge - Oil & Gas 1


Charles Anderson

Charles Anderson serves as a Client Portfolio Manager for the SteelPath midstream energy investment team. He works closely with analysts and portfolio managers to create and deliver insights on a range of topics within the midstream energy space. Anderson regularly communicates with clients and prospective clients about the midstream energy asset class and the SteelPath strategies. He has been instrumental in developing white papers on the asset class and has been a guest speaker at many industry conferences discussing midstream energy. Anderson has been in the industry since 1998 and previously served as vice president with SteelPath Capital Management.

Russell Evans

Russell Evans, Ph.D., specializes in regional economic forecasting, municipal finance and local tax analysis. His passion is connecting academic economic theory with real world policymaking. Evans regularly speaks to local audiences, offering his insights on local and national economic conditions and policy, with a reputation of making complex economic arguments easy to appreciate. His work and research staff are regularly cited in regional and national media markets including the Economist, the Wall Street Journal, the Fiscal Times, Kiplingers, Bloomberg research letters, the Oklahoman, the Tulsa World, public radio and many others. He is a member of the American Economic Association, the National Association for Business Economics and the Missouri Valley Economic Association. Evans lives in Oklahoma City with his wife, three beautiful daughters and two sons.

Daron Fredrickson

Daron Fredrickson, SPTC, serves as partner at Merit Advisors, managing clients' property portfolios ensuring their annual tax liabilities are accurate and minimized. With this focus, he regularly negotiates with various levels of city, county and state officials to achieve assessed value adjustments, ensure fair assessments relative to comparable properties, direct tax return preparation, audits and appeals and proactively secure tax abatements and exemptions. Before Merit Advisors, Fredrickson was the director of indirect tax at Chesapeake Energy Corporation. He has more than 28 years of nationwide tax experience, with a focus on property tax. Over his career, Fredrickson has spent more than 18 years as a consultant and 10 years in the corporate environment. He has established a reputation as a respected and active industry leader in the tax profession and has received the Distinguished Service Award from both the Oklahoma Oil and Gas Association (OKOGA) and the Louisiana Oil and Gas Association (LOGA).

He currently serves as chairman of the LOGA Tax Committee, is a member of the LOGA Board of Directors, is co-chair of the OKOGA Ad Valorem Tax Committee, is a member of the Texas Oil & Gas Association (TXOGA) Minerals Subcommittee for Ad Valorem Tax and serves on the Advisory Committee for the National Association of Property Tax Attorneys (NAPTA). Fredrickson is a past president of the Oklahoma Association of Tax Representatives (OATR) and formerly chaired the Tax Committee for the Arkansas Independent Producers and Royalty Owners Association (AIPRO). He is also active with the Texas Taxpayers and Research Association (TTARA).

Roger Gann

Roger Gann, CFE, is president of Martindale Consultants, Inc. in Oklahoma City, which employs more than 30 professionals and provides oil and gas compliance reviews and accounting and regulatory reporting services. Gann has been a COPAS member since 1995 and has served in several leadership positions within the organization at both the national and local levels. Leadership positions held include president of the Oklahoma City Society, Audit Committee chair of Oklahoma City Society, chair of the COPAS National Computer Equipment Pricing System (CEPS) Panel, chair of the National Emerging Issues Subcomittee and member of several COPAS publication drafting committees.

David T. Greenwell

David Greenwell, CPA, serves as the partner, tax services for RSM US, LLP. For more than 35 years he has provided insightful tax and consulting services for energy clients located in Oklahoma, Texas, Alaska and many other states throughout the U.S., as well as Canada. Greenwell serves as a lead tax partner for the firm’s oil and gas practice, providing effective solutions for exploration and production, pipelines, transportation, marketing and oilfield services. He has significant experience with tax controversies, including representation before the Internal Revenue Service Appeals Division and various state tax authorities. Greenwell has extensive experience advising on corporate restructuring, effective tax planning with partnerships and other pass-through entities, carve out of assets, accounting methods and mergers and acquisitions.

Howard Ground

Howard “Bud” Ground, is the director of regulatory affairs at The Petroleum Alliance of Oklahoma. He monitors environmental and regulatory activities in Oklahoma, advocates the association’s position and performs many other duties to advance public policy. Ground has more than 30 years of experience in the energy industry, working primarily in the areas of energy production, environment and health, as well as legislative and regulatory. He has been involved with resource planning, marketing, business development and customer service. Ground also has extensive experience in leading organizations, fiscal management, education, relationship building, coalitions and strategic planning. He holds a B.S. in engineering from Oklahoma State University and an MBA with honors from Oklahoma City University.

Ethan D. House

Ethan House is the vice president of business development for EnergyNet, Inc., an oil and gas asset advisory firm specializing in auction sales, sealed bid transactions and government lease sales. He has been part of the EnergyNet team since 2002 and has been actively involved as the firm has completed more than $4 billion in transactions, including sell-side mandates from thousands of exploration and production clients. He graduated from West Texas A&M University in Canyon, Texas with a B.S. in mass communications, marketing and advertising in 2002 and has 16 years of experience in the energy industry. House is the current chairman of the Petroleum Alliance of Oklahoma Oilfield Services Fundraising Auction Committee and also serves on the Board of Directors for the Petroleum Alliance of Oklahoma, ADAM OKC, Mid-Continent Oilmen’s Golf Invitational and the Oklahoma Wildlife Conservation Foundation. He has previously served as the OIPA Annual Meeting chairman.

Joe Pukaite

Joe Pukaite joined Templar Energy in March 2017. He has over 20 years of experience in both financial and operational positions, working for upstream oil and gas, financial and energy service companies. Prior to Templar, Pukaite was employed by Freeport-McMoRan Oil & Gas LLC where he served most recently as treasurer, overseeing all areas of corporate finance, risk management and serving as principle contact for external stakeholders. He received his MBA from Rice University and holds a Bachelor of Science in Mechanical Engineering from Baylor University.

Claude Seaman

Claude Seaman, CPA, is the chief accounting officer for Continental Resources, Inc. and has been with the company since 2007. He has overseen growth in the accounting department from 20 to 80 staff members and is responsible for overseeing day-to-day accounting, tax functions and internal and SEC financial reporting. Before Continental, Seaman spent 25 years working with oil and gas companies in the Oklahoma City and Dallas areas. He graduated from Oklahoma State University with a B.S. in accounting.

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