All Posts by Phil Sherwood

#022-What Does A Landman Do With Jim Hoffman

There is so much uncertainty surrounding the industry due to the change in federal administration and the pandemic. In today’s episode, Tom and Phil are joined by Jim Hoffman, National Sales Director for PDI. They discuss the various problems with land,the unprecedented times we are in, and some things that could help you navigate through it all. He also talks about three courses he developed to help educate others in the industry.

Highlights:

1:00 Jim’s accidental start in oil and gas

2:53 How Jim got into land

4:45 The problem with land according to Jim

6:45 Skills a good land man should have

8:37 Jim compares sales to baseball

15:10 Questions to ask a land man up front

19:01 What the operator and mineral owner should do when it comes to suspense

29:50 What is a duck?

31:42 One of the most important things mineral owners should do

34:10 Other things mineral owners can do

About Jim Hoffman:

Jim is National Sales Director for PDI and teaches three programs he developed, Land for non-Landman, Intro to Upstream, and Production Operations for energy related entities across the US. He has been in oil and gas for over 40 years, in software management and as VP or Director of software sales for several consulting entities including PwC and Oracle.

Connect with Jim:

[email protected]

About SherWare, Inc.

If you’re enjoying this episode, please subscribe to our podcast and share with a friend! We also love ratings and reviews on Apple podcasts.

SherWare creates software to simplify your accounting needs so you have more time to do the things that matter. We serve independent oil and gas operators, accountants and investors with a platform to manage their distributions and joint-interest billings on a platform — and we’re the only software on the market that can integrate with your QuickBooks company.
Click here to watch a demo of the software in action right now.

About COPAS:

COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.

Find a society near you.

www.copas.org

#021-How to Retain Employees and Create a Positive Work Culture

Treating employees right and creating a positive work culture will save you thousands of dollars by simply retaining staff. Today on the podcast, Phil is joined by his friend and business coach, Scott Ballard, founder of the Confidence Coach. Scott shares why employers need to focus on employee retention and creating a workplace that people are excited about. He also discusses what he does as a business coach and shares the structure of some of his coaching programs.

Highlights:

1:44 Scott’s background and how he got into his business coaching

5:53 What coaching is from Scott’s perspective

8:55 Learning to leverage a team in your business

10:20 How coaching is similar to brain surgery

12:31 Ditching limiting beliefs

13:14 Retaining good employees and developing underperforming employees

18:20 Finding out what motivates employees internally

22:20 The cost of hiring new employees

25:38 Scott’s coaching programs

29:12 Creating a family-like culture at the workplace

33:50 The importance of investing in your payroll

About Scott Ballard:

Scott Ballard is the founder of Confidence Coach LLC and is an author, speaker and coach for business owners with employees. He has 35 years of successful business ownership as his background. The last 10 years Scott has been coaching business owners on the strategies and tactics of engaging their employees in a fun, positive, respectful way. He has worked with everything from small businesses to Fortune 500 companies and has developed five different processes/trainings that build engagement, culture and leadership within businesses.

Scott is passionate and adamant about leveraging for each company the hopes, dreams and aspirations of not only the company, but of each employee in the company; which is the greatest untapped asset in every company in the world.

Connect with Scott:

Website | LinkedIn | Facebook | Youtube | Twitter | Book

About SherWare, Inc.

If you’re enjoying this episode, please subscribe to our podcast and share with a friend! We also love ratings and reviews on Apple podcasts.

SherWare creates software to simplify your accounting needs so you have more time to do the things that matter. We serve independent oil and gas operators, accountants and investors with a platform to manage their distributions and joint-interest billings on a platform — and we’re the only software on the market that can integrate with your QuickBooks company.
Click here to watch a demo of the software in action right now.

About COPAS:

COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.

Find a society near you.

www.copas.org

#20-Are You A Folder Or A Crumpler With Drew Groelinger

This week’s episode is a departure from deep oil and gas topics and one that will help you manage the people on your team and life, with a big dose of humor. Tom and Phil are joined by Drew Groelinger, entrepreneurial coach and business owner. Drew’s book titled Folder or Crumpler, highlights two different personalities that show up in an unexpected way. They discuss the traits of both personality types, how they can show up in relationships, and the benefits of knowing how to effectively communicate with each type. Check out the episode to figure out if you are a folder or a crumpler!

Highlights:

01:13 Are you a folder or a crumpler?

2:27 Drew’s background in theater, Disney and Universal attractions

7:59 Drew’s inspiration for writing his book

11:05 Drew’s response on being a crumpler of a folder

17:26 Traits of a folder

17:59 Traits of a crumpler

18:58 Folders and crumplers in personal and business relationships

22:51 How can knowing whether someone is a crumpler or a folder help you to better interact with them?

About Drew Groelinger:

Andrew is an entrepreneurial coach and business owner. He’s also a creative at heart and earned his degree in theater from Carnegie Mellon University. He has working knowledge in acting theory, lighting and sound design, creative storytelling, and stage management. He finds this background incredibly useful in running a successful business and connecting with his customers.

Andrew has owned and operated several companies over the years in industries ranging from specialty construction shops to software development. Now, he runs a company that offers innovative entrepreneurial training programs to business owners. He also writes books sometimes. When he’s not working or writing, Andrew also enjoys running marathons.

He currently resides in South Carolina with his wife, Apryll, and their giant, slobbery Neapolitan Mastiff, Dino.

Connect with Drew:

www.foldercrumpler.com

About SherWare, Inc.

If you’re enjoying this episode, please subscribe to our podcast and share with a friend! We also love ratings and reviews on Apple podcasts.

SherWare creates software to simplify your accounting needs so you have more time to do the things that matter. We serve independent oil and gas operators, accountants and investors with a platform to manage their distributions and joint-interest billings on a platform — and we’re the only software on the market that can integrate with your QuickBooks company.
Click here to watch a demo of the software in action right now.

About COPAS:

COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.

Find a society near you.

www.copas.org

#019-How To Survive Mergers And Acquisitions with Elizabeth Lions

In today’s episode, Tom and Phil are joined by Elizabeth Lions, coach, speaker, author, and consultant. Elizabeth talks about all things mergers and acquisitions and how she helps her clients navigate that through coaching. She gives tips on how to deal with the initial feelings that can come with learning about a merger or acquisition in your company, advice on the first thing you should do, and why even tough situations can be viewed as opportunities.

Highlights:

0:48 Some statistics on mergers and acquisitions

2:40 The feelings that come along with mergers/acquisitions

4:09 Advice for anyone going through a merger/acquisition

7:41 The two schools of thought of  most people who find out their company is going through a      merger/acquisition, and the third, more uncommon one

9:44 Interacting with new teammates after a merger

17:16 Mergers and social media

18:33 Navigating changes that occur through mergers

23:57 What happens when you get laid off?

29:41 Looking at tough situations as opportunities

About Elizabeth Lions:

 Elizabeth Lions is a three time author, with her latest book “Hear Us Roar – Unapologetic Women Leading in Corporate America” making a big splash. She is a coach, a speaker and consultant to the most powerful executives that keep Corporate America rolling.

Her client list includes individuals from Worldpay, TSYS, Booz Allen, Microsoft, Northrup Grummond, Samsung, Global Payments, Bank of New York, Mellon and many other Fortune 500 companies. She is considered a thought leader for WNET( Women In Payments) and has worked in tandem on women’s leadership programs with the IEEE and WITI.

In 2020, Elizabeth was approached by Forbes, and asked to join the Forbes Women Forum. Additionally, Elizabeth joined forces with Executive Women Forum in Dallas. Elizabeth is a resource, partner and speaker for Women’s Society of CyberFitjsu in Atlanta, which identifies, supports and helps promote women in Cyber Security. Additionally she teaches in the Middle East, Jordan and Dubai, where she primarily taught men leadership fundamentals and has classes on mindfulness and leadership.

Elizabeth’s specialty is helping clients land the promotion, find a new job or simply bring their leadership game to the next level. Elizabeth helps executives calm down and focus on what really matters, and together they end up with astonishing results.

When she isn’t coaching the Who’s Who to help them up their game in leadership, Elizabeth can be found on the back of her husband’s Harley Davidson motorcycle or twisting in the yoga studio for hours on end.

Connect with Elizabeth:

www.lionsology.com

LinkedIn: https://www.linkedin.com/in/elizabethlions/

About SherWare, Inc.

If you’re enjoying this episode, please subscribe to our podcast and share with a friend! We also love ratings and reviews on Apple podcasts.

SherWare creates software to simplify your accounting needs so you have more time to do the things that matter. We serve independent oil and gas operators, accountants and investors with a platform to manage their distributions and joint-interest billings on a platform — and we’re the only software on the market that can integrate with your QuickBooks company.
Click here to watch a demo of the software in action right now.

About COPAS:

COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.

Find a society near you.

www.copas.org

#018-Updates On State Legislative Initiatives

In today’s episode, Tom and Phil are going over some new bills and initiatives by state. They discuss legislation on fracking and taxes at both the state and federal level. They also talk about the suspension of new oil and gas leasing permits put in place by the Biden administration, and how the shutdown of the Keystone Pipeline could affect communities.

Highlights:

1:27 Hydraulic fracturing

3:03 New bills in Oklahoma

5:49 Senate Bill 181 in Colorado

7:06 Bills with Ad Valorem tax changes in Colorado and Wyoming

8:34 North Dakota Senate Bill 2328

10:57 Biden suspension on new oil and gas leasing permits

11:19 Updates on the Keystone pipeline

About SherWare, Inc.

If you’re enjoying this episode, please subscribe to our podcast and share with a friend! We also love ratings and reviews on Apple podcasts.

SherWare creates software to simplify your accounting needs so you have more time to do the things that matter. We serve independent oil and gas operators, accountants and investors with a platform to manage their distributions and joint-interest billings on a platform — and we’re the only software on the market that can integrate with your QuickBooks company.
Click here to watch a demo of the software in action right now.

About COPAS:

COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.

Find a society near you.

www.copas.org

#017-How The Election Results Will Impact The Energy Sector with Brad Ayers

In today’s episode, Tom and Phil are joined by Brad Ayers, Senior Director of Government Affairs. They discuss energy policy and how Brad makes projections on policy in the energy sector. Brad covers current topics that could affect oil and gas, such as the Green New Deal and the Keystone XL pipeline. He also discusses why he is “a glass half-full” type of guy when it comes to the new administration.

Highlights:

1:41 How Brad got into policy

3:53 The sources Brad uses to make policy projections

7:49 Energy in politics

9:25 The influence of the political parties on the energy sector

10:26 How the new administration could affect energy

12:14 Changes in oil and gas with the new administration

14:48 Federal lease bans and the impact it will have on businesses

16:52 The timeframe for a new energy bill

20:27 Brad’s optimism with energy and the new administration

22:33 Status of the Keystone XL pipeline

About Brad Ayers:

Brad Ayers brings more than 20 years of experience in energy, trade, and infrastructure policy experience to his role as a consultant. He began his career in the Office of the US Senate Majority Leader and spent eight years as a senior congressional staff member before representing and working for multinational corporations, research institutions, municipalities and nonprofits at both the state and federal level. He served as the primary state lobbyist for TransCanada’s Keystone XL Pipeline from 2014-2018.

Connect with Brad:

About SherWare, Inc.

If you’re enjoying this episode, please subscribe to our podcast and share with a friend! We also love ratings and reviews on Apple podcasts.

SherWare creates software to simplify your accounting needs so you have more time to do the things that matter. We serve independent oil and gas operators, accountants and investors with a platform to manage their distributions and joint-interest billings on a platform — and we’re the only software on the market that can integrate with your QuickBooks company.
Click here to watch a demo of the software in action right now.

About COPAS:

COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.

Find a society near you.

www.copas.org

#016-PPP And 1099 Updates That Could Affect Your 2020 Taxes

In today’s episode, Tom and Phil are talking about some changes that were included in the new stimulus bill that was just released by Congress. Companies can now apply for a second round of the Payment Protection Loan but there are some new requirements. They also discuss some changes that were made to the 1099 form and how that may affect filing and reporting your 2020 taxes.

Highlights:

1:38 Changes in 1099 filing and reporting in 2020

2:57 The new 1099 form 

3:33 Tom and Phil reminisce on the year 1982

7:36 New guidance from Congress on the Paycheck Protection Loan

8:24 Changes in eligibility for the PPP loan

9:57 New maximum loan amount

11:04 Simplified loan forgiveness

About SherWare, Inc.

If you’re enjoying this episode, please subscribe to our podcast and share with a friend! We also love ratings and reviews on Apple podcasts.

SherWare creates software to simplify your accounting needs so you have more time to do the things that matter. We serve independent oil and gas operators, accountants and investors with a platform to manage their distributions and joint-interest billings on a platform — and we’re the only software on the market that can integrate with your QuickBooks company.
Click here to watch a demo of the software in action right now.

About COPAS:

COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.

Find a society near you.

www.copas.org

#015- How Derivatives Can Protect You In A Volatile Market with Doug Reeb

In today’s episode, Tom and Phil are joined by Doug Reeb, Partner at Plante Moran. They discuss the ways that derivatives and hedging can protect your assets in the current economy. Doug explains how 2020 was a great example of why having that protection is so important in the industry, and also some of the pitfalls that we may see moving into this new year due to the new administration and the uncertainty that we still face due to COVID 19.

Highlights:

01:29  Derivatives and hedging

04:35  What is a derivative and how does it help you?

08:11  How 2020 showed us the importance of derivatives

20:54 Types of derivative instruments we may see moving forward

29:33 Significant risks that could show up on 2020 financial statements

33:59 What would happen if our big financial institutions became unable to operate

36:17 The effect of a new administration on derivatives

About Doug Reeb:

As one of the firm’s more experienced oil and gas audit partners, Doug represents many high-profile oil and gas clients and local industry organizations. Most of his clients are private equity-owned, upstream oil and gas entities with assets primarily within the United States. He is also involved in SEC engagements for oil and gas and mining companies. In addition to his audit responsibilities, he also provides financial advisory services, specializing in technical accounting to non-attest clients. Previously, Doug led the energy accounting solutions (outsourced oil and gas accounting) and currently leads the oil and gas audit practices.He belongs to the AICPA and the Colorado Society of CPAs (COCPA), and has participated as a speaker and/or moderator at several AICPA Oil and Gas Conferences, as well as the COCPA’s annual SEC conferences.Doug is involved, or has been active in many professional organizations including the Denver Petroleum Club, treasurer; the Colorado Oil and Gas Association, finance committee member; the Western Energy Alliance, board of advisors; the Anchor Center for Blind Children, treasurer; the Tennyson Center for Children, board member; and the Family Star Montessori, board member.

He received my accounting degree from the University of Colorado Boulder and my master’s degree in finance from the University of Denver

Connect with Doug:

Plantemoran.com

About SherWare, Inc.

If you’re enjoying this episode, please subscribe to our podcast and share with a friend! We also love ratings and reviews on Apple podcasts.

SherWare creates software to simplify your accounting needs so you have more time to do the things that matter. We serve independent oil and gas operators, accountants and investors with a platform to manage their distributions and joint-interest billings on a platform — and we’re the only software on the market that can integrate with your QuickBooks company.
Click here to watch a demo of the software in action right now.

About COPAS:

COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.

Find a society near you.

www.copas.org

How To Set Yourself Up For A Great 2021

In today’s episode, Tom and Phil are talking about finally leaving 2020 behind and getting started on a new year. Phil, who is a high performance coach, talks about a study of the habits of high performers. He covers everything from morning routines and energy, to productivity. He also talks about how fear may be holding you back, and ways that you can change that going into the new year.

Highlights:

0:48 Oil pricing and fluctuation at the start of 2020

1:54 The good that came from the bad in 2020

3:20 Phil talks about what he does as a high performance coach

4:52 An exercise to help you show up with more intention

6:37 Generating the physical and mental energy that you need

12:11 How to increase your energy

15:08 A common habit that may be draining your time bank 

18:48 Tom and Phil talk about people that were very influential in their lives

25:58 The 3 things that we fear most and how to overcome those fears

Links

taketheproductivitychallenge.com

Phil.coach 

About Phil Sherwood

Experienced CEO and President who loves working with Oil & Gas companies to help them simplify their accounting.

Over 25 years ago I started out on a mission to help independent oil & gas operators simplify their accounting. I’ve done this by providing oil & gas accounting software that makes their job easier and saves them a lot of time and money.

That company I started 26 years ago is SherWare, Inc. and we currently have over 1,000 companies that are using our accounting software to get their revenue distributions and joint-interest-billings (JIBs) done quickly and on time. Several of those operating companies have been using our software for over 20 years.

As a part of growing SherWare, I’ve become fascinated by how some people just operate at a higher level than others. They seem to have more energy and to get much more done in the same amount of time. They also are very clear on their goals and know how to consistently perform at their highest levels. This led me to pursue getting certified as a high performance coach so that I could help others reach their highest potential.

About SherWare, Inc.

If you’re enjoying this episode, please subscribe to our podcast and share with a friend! We also love ratings and reviews on Apple podcasts.

SherWare creates software to simplify your accounting needs so you have more time to do the things that matter. We serve independent oil and gas operators, accountants and investors with a platform to manage their distributions and joint-interest billings on a platform — and we’re the only software on the market that can integrate with your QuickBooks company.
Click here to watch a demo of the software in action right now.

About COPAS:

COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.

Find a society near you.

www.copas.org

Quotes

You hear the word life coach and performance coach, And you’re like, what the heck is that? You think of a football coach. What are they doing coaching these athletes that make millions of dollars that are much more talented than they are? Well, they teach them and then they challenge them and help each player to take their game to the next level. And that’s the same thing a high performance coach does. We teach them principles and we challenge people to get to the next level of performance-Phil Sherwood

First and foremost, you’ve got to get clear on who you are, and how you want to show up in all areas of your life. You know, most of the time we don’t even contemplate this. Most of the time we live in reaction mode instead of living intentionally. -Phil Sherwood

What habits do you currently have that are supporting your energy? Do you have any morning routines that include meditation and exercise? What habits do you have nutrition wise that support your energy?

I felt like I was living my life by default, rather than by design. Because I wasn’t clear on what I wanted my days to look like, and what I wanted to accomplish. So rather than living life on my agenda, I was letting everybody else set the agenda for me. And when you do that, you feel like you don’t get anything accomplished. -Phil Sherwood

#013- The Must-Have Reference Items In Your Oil And Gas Accounting Library with Jim Allison and Robert Toudouze

In today’s episode, Tom and Phil are joined by Jim Allison, Vice President of Accounting Operations at Trinity Petroleum, and Robert Todouze,Revenue and Division Order Manager at Trinity Petroleum. They discuss the different materials that they refer to when they come across issues that they aren’t sure how to handle. They give different examples of how networking through COPAS and other relationships in the industry have helped them navigate unfamiliar situations that have arisen with things like JOAs and unbundling.

Highlights:

2:46 Reference materials that Jim and Robert keep in their library

6:46 The relationship between COPAS and ONRR

10:33 The best way to handle situations you aren’t sure how to manage

12:06 The challenge of interpreting existing regulations

13:44 Resources and references on operations

21:09 The importance of communication between departments in oil and gas

23:17 The value of a COPAS membership when searching for guidance on different questions and issues

31:18 How Jim and Robert facilitate continuous learning inside their company

34:54 Websites to use for reference

About Jim Allison:

Jim’s career in oil and gas started as a roustabout during summers in college. After graduation, Jim went to work for Eastern American Energy working in operations accounting.He was then transferred to the Denver headquarters from their eastern office after a few years. 30 years later, he is the VP of Accounting of Operations for Trinity Petroleum. Prior to that he was also with Oildex, Barrett Resources and Apache Corporation. He previously served as President and Board Member of COPAS Colorado.

Connect with Jim:

https://www.linkedin.com/in/jim-allison-a245649/

[email protected]

303.296.1908

About Robert Toudouze:

Robert graduated from Abilene Christian University in 2000 and spent three years in ministry in Aurora, Colorado, working with teens and preaching. He married Carrie in 2003, and started working in oil and gas at Forest Oil and Gas as a revenue analyst. After 10 years at Forest, Robert joined Trinity. He’s been there for eight years as a revenue accountant, revenue supervisor, and now, revenue and division order manager. Robert has been active in COPAS for most of his career, and he served as the revenue co-chair for COPAS in Colorado for three years.

About SherWare, Inc.

If you’re enjoying this episode, please subscribe to our podcast and share with a friend! We also love ratings and reviews on Apple podcasts.

SherWare creates software to simplify your accounting needs so you have more time to do the things that matter. We serve independent oil and gas operators, accountants and investors with a platform to manage their distributions and joint-interest billings on a platform — and we’re the only software on the market that can integrate with your QuickBooks company.
Click here to watch a demo of the software in action right now.

About COPAS:

COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.

Find a society near you.

www.copas.org

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