On the today's episode we welcome back Brent Watson, a guest on Season 1, to discuss how focusing on Sales & Use Tax can help save your business money and increase profitability. In this episode you'll hear: Why Operators should even care about Sales & Use Tax (3:26) The 3 Factors that Contribute to Overpayment of Sales Tax (4:22)How Exempt Certificates Work (8:24) What Tax Issues Texas Operators Face (10:06)What Tax Issues New Mexico Operators Face (13:46)What Tax...
On today's episode, we are talking with our guest, speaker and author, Steve Gorham. Steve is the Executive Director of the Climate Science Coalition of America, and an advisor to the Heartland Institute. This is Part II of our podcast chat with Steve discussing how energy crisis and net zero affects us daily.On this episode we will talk about:What’s the cause of the energy crisis?What’s happening in Europe right now.The origins of the world’s energy crisis.What’s going on with ai...
On today's episode, we are talking with our guest, speaker and author, Steve Gorham. Steve is the Executive Director of the Climate Science Coalition of America, and an advisor to the Heartland Institute. This is Part I of our podcast chat with Steve discussing how energy crisis and net zero affects us daily. On this episode we will talk about:What’s the cause of the energy crisis?What’s happening in Europe right now.The origins of the world’s energy crisis.What’s going on with ai...
On today's episode, we are talking with guest Wade Caldwell, President of the National Association of Royalty Owner. Wade is here to share the Top 5 complaints of Royalty Owner complaints about communicating with operators. Hear first-hand how you can implement the changes needed to support your Royalty Owners.On this episode we will talk about:• The biggest change when it comes to the availability of community of information to mineral and Royalty Owners.• The bigge...
On today's episode, we are talking with guests Karla Bower and Roger Gan, members of COPAS, who've been working for the last four years on a new accounting procedure and model form interpretation. Hear first-hand about some of the changes that you will find when it is officially rolled out.On this episode we will talk about: • What are the COPAS accounting procedure?• The primary change in first level supervision is addressing contract labor• The new form and what it enta...
On Season 3 of the Oil & Gas Accounting Podcast, Tom and Phil kick it off with details about the upcoming Fall COPAS meeting, with a guest lineup and schedule reminiscent of pre-COVID. Guests on the episode today are Misty Cooper and Jeff Wright, both on the Hosting Committee in charge of planning the COPAS meeting and from the Dallas Society . The COPAS Fall Meeting is an opportunity for members of COPAS to come together and vote on different documents that pertain to different areas of ...
On this week’s episode, Tom and Phil are joined by Eric Anderson, Chief Technology Officer for SynMax. SynMax uses imagery and data collected by satellites combined with AI to deliver insight to the oil and gas industry that has previously only been modeled or forecasted. This allows producers, hedgers and energy traders the ability to clearly see what’s happening and make better decisions. Eric explains that the perfect combination of factors have come together with the ability to crea...
On this week’s episode, Tom and Phil are joined by Robin Macmillan, Chief Sales Officer of Data Gumbo. Robin is giving us all the details on how Data Gumbo’s GumboNet™, a private blockchain, can replace manual processes in your business with automation providing more efficiency, improved business relationships and saving on expenses in the process. Robin also introduces smart contracts and gives examples of ways they can work in oil and gas scenarios.Highlights:1:34 From a geology...
On this week’s episode, Tom and Phil are joined by Laurie Hoose, ESG Consulting Project Manager at Plante Moran. Today’s discussion is revisiting a previously discussed topic, ESG, or Environmental Social Governance. A company’s policies around ESG have become more important than ever to the company’s investors, consumers and even the talent that the company attracts to it’s workforce. Laurie shares the big news and changes with ESG over the past year and how Plante Moran can help a company d...
On this week’s episode, Tom and Phil are joined by Christopher Halvorson, co-founder and CEO of Pin Oak Energy Partners, LLC. He is also the President of Magellan Scientific, LLC. Christopher shares his journey with mining cryptocurrency that started in 2019 when he was approached about buying stranded natural gas in well sites and using it to mine cryptocurrency. He talks about the importance of understanding the capital and expense side of crypto-mining before getting started with it, the l...
On this week’s episode, Tom and Phil are joined by Dwayne Purvis, a reservoir engineer and consultant. Dwayne shares his insight on Asset Retirement Obligations, most notably, well plugging liabilities. There are currently anywhere from 2 million to 2.5 million wells that need to be plugged nationwide. Dwayne came up with holdbacks as a way to cover well plugging liabilities by using all net income from a well during certain time periods. Tom, Phil and Dwayne discuss why this is an ongoing is...
On this week’s episode, Tom and Phil are joined by three guests in charge of bringing the Spring COPAS meeting back in person after a two-year hiatus. Our guests today are Jennifer McKellar, Karla Zawodny and Ilene Grygar, members of the Petroleum Society of Houston, better known as PASH. Karla currently serves as PASH President and Jennifer is a co-chair. The COPAS Spring Meeting is an opportunity for members of COPAS to come together and vote on different documents that pertain to different...
We're back with Part 4 of a series that will highlight the voices and experiences of women across the oil and gas industry. Sarah Magruder, President of Safire Oil and Gas Consulting is back as a guest co-host. Sarah, Tom and Phil welcome our next guest, Ginnie Vierra. Ginnie is the Vice President of Finance & Accounting at Presidio Petroleum. She shares how she got started in oil and gas, how her company supports family mindset and all the different hats she wears both in work and in lif...
We're back with Part 3 of a series that will highlight the voices and experiences of women across the oil and gas industry. Sarah Magruder, President of Safire Oil and Gas Consulting is back as a guest co-host. Sarah, Tom and Phil welcome our next guest, Ashly Wolicki. Ashly is Vice President and Chief Accounting Officer for Jonah Energy. She shares with us what’s different about Jonah Energy, her thoughts on the importance of recognition in the workplace by leadership, the best advice she ha...
We're back with Part 2 of a series that will highlight the voices and experiences of women across the oil and gas industry. Sarah Magruder, President of Safire Oil and Gas Consulting is back as a guest co-host. Sarah, Tom and Phil welcome our next guest, Jennifer Stewart.Jennifer shares a variety of her career experiences from being a child support enforcement officer to interim CFO,which roles were most fulfilling for her and her thoughts on whether work-life balance can be achieved.Hi...
In part two of this episode of the podcast, Tom and Phil are back with Mike Cougevan, Vice President of Martindale Consultants. They’re talking about worker’s compensation rates, employees benefits, vehicle rates, and loading and unloading rates. They discuss the purpose of these remaining economic factors and the issues that using them can solve for operators in the industry.Highlights:1:28 Worker’s Compensation Rates5:20 Employee Benefits13:26 What can be charged for different types of empl...
On the first episode of Season Two of the podcast, Tom and Phil are joined by Mike Cougevan, Vice President of Martindale Consultants. In part one of this two part episode, they’re talking about overhead adjustments and audit per diem rates. They discuss the purpose of these two factors, when they should be used, and the changes that have occurred with both factors over the years.Highlights:1:41 Approaching 40 years in the industry3:32 The various COPAS economic factors and why they exist5:00...
On this week’s episode, Tom and Phil are joined by the team from Martindale Consultants. Roger Gann, CEO and president, Rick Roybal, Vendor Compliance Manager, Rick Jones, Accounting Manager and Ryan Woolery, Regulatory Reporting Manager, all join the discussion to talk about the different services they offer to their clients. They also share success stories in each area, like helping a company that was 12 months behind on their accounting get caught up, finding a compliance issue in a contra...
This week’s episode is part one of a series that highlights oil and gas upstream consulting firms. Today’s guest is Russell Corl, a managing partner at Magnum Forge. Russell gives us an inside look at the struggles some of his clients face, especially with regards to becoming more efficient and automating as much backend as possible, and how his consulting firm partners with operators to do just that. Magnum Forge is always excited to meet new clients and help them do a better job of running ...
Women make up around 22% of the workforce in the oil and gas industry. This week is the start of a series that will highlight the voices and experiences of women across the industry. The first guest in the Series is one of our previous guests, Sarah MaGruder. Sarah is the President of Safire Oil and Gas Consulting. She talks with Tom and Phil about her experiences as a woman in the industry and how it has evolved as she became a wife and a mother. They also discuss the changes that have occur...