Category Archives for COPAS Events

#047: The Biggest Royalty Owner Complaints About Communicating with Operators.

On today’s episode, Phil and Tom talk with guest Wade Caldwell, President of the National Association of Royalty Owners.  Wade shares the top complaints of Royalty Owners make about communicating with operators. Hear first-hand how you can implement the changes needed to support your Royalty Owners.

Highlights:
•   The biggest change when it comes to the availability of community of information to mineral and Royalty Owners.
•   The biggest advantage  to operators in improving their communications and the ability of mineral and Royalty Owners
•   The number 1 complaint from Royalty Owners
•   How to get division orders for allocation wells. 
•   What happens when operators failed to obtain the consents required under a lease?

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 NARO:

NARO is a volunteer led, member based, 501(c)6 education and advocacy organization established in 1980 to assist US mineral owners.

The mission of NARO is to support, advocate and educate for the empowerment of mineral and royalty owners.

Find a chapter near you.

www.naro-us.org

#046: COPAS’s New Accounting Procedure and Model Form Interpretation

On Season 3 of the Oil & Gas Accounting Podcast, Tom and Phil kick it off with details about the upcoming Fall COPAS new procedures and forms. Guests on the episode today are Karla Bower and Roger Gann, both who were on the Committee making key revisions procedures and forms.

The new COPAS procedures and forms will be voted on during the Fall Meeting. Listen to what changes that have been implemented in the new procedures and why the Committee thought that they should be made.

The Fall COPAS meeting takes place October 17-21 at The Westin Irving Convention Center at Las Colinas in Irving, Texas. For more information, see the events website here.

Highlights:

•   What are the COPAS accounting procedure?

•   The primary change in first level supervision is addressing contract labor

•   The new form and what it entails

•   The biggest changes from 2005 Accounting procedures

•   Two big takeaways regarding the materials that are used on the accounting forms

•   Why they did not want the MSI  – it would paraphrase the accounting procedure which would not help anybody

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

#045: Fall 2022 COPAS Meeting Returns to Regular Programming

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 oil and gas accounting, network with other professionals, listen to guest experts on accounting topics and get CPE credits for nearly every event.   Listen to what will be voted on, who’s speaking and what presentations are coming up at the event.

The Fall COPAS meeting takes place October 17-21 at The Westin Irving Convention Center at Las Colinas in Irving, Texas. For more information, see the events website here.

Highlights:

2:47 Where the Fall COPAS meeting will be held 

4:55 What events are highlighted this year in the week-long event

8:30 The best part of COPAS meetings

12:57 The MFI 40 Project 

13:03 What other publications & guidelines are being released 

14:39 What COPAS members will vote on this fall 

16:45 What CPE events are available (and how many extra they’ve built into the entire event)

18:22 Why COPAS members should attend this event 

22:26  How to register for the meeting

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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