Category Archives for Uncategorized

#029-Virtual Happy Hour-Using AFE’s As Your Project Roadmap

In this episode Phil and Tom host a virtual happy hour in which they discuss authority for expenditures or AFE’s. They discuss what they are, when they are used, and what they actually mean and what can be included in an AFE with a panel of three experts from the oil and gas industry. They also get into some Q&A after the discussion.

Highlights:

4:05 What is authority for expenditure?

8:08 When is an AFE required?

11:25 What happens when you overspend what’s on the AFE?

14:00 Some communication challenges when using the AFE

19:26 External AFE’s

28:23 Q&A

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

#028: COPAS Economic Factors That Affect Everything You Calculate -Part 2 with Mike Cougevan

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 Rates

5:20 Employee Benefits

13:26 What can be charged for different types of employees

16:24 Vehicle rates

21:46 Loading and unloading rates

About Mike Cougevan :

Mike began his Martindale career in 1994 and is a Vice President of the firm. He provides senior leadership, expertly manages clients’ joint venture audit and other projects, and shares his extensive industry experience and knowledge to train Martindale employees. Mike also provides expert witness and litigation support and been accepted and designated as an expert in numerous State courts and in Federal court. Mike previously worked for Conoco (now ConocoPhillips) for 13 years in various positions, including financial analysis, joint interest accounting, internal reviews, managing non-operated properties, negotiation of agreements, and settlements of joint interest and revenue audits and disputes.

Connect with Mike:

Website | LinkedIn

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

#027: COPAS Economic Factors That Affect Everything You Calculate with Mike Cougevan

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 industry

3:32 The various COPAS economic factors and why they exist

5:00 What is overhead adjustment?

9:35 What happens if operators don’t adjust their overhead? 

12:58 Accounting Guideline 23

17:12 Audit per diem rate and what it’s used for

19:26 Why overhead adjustments and audit per diem rates are no longer adjusted using the same percentage rate

About Mike Cougevan :

Mike began his Martindale career in 1994 and is a Vice President of the firm. He provides senior leadership, expertly manages clients’ joint venture audit and other projects, and shares his extensive industry experience and knowledge to train Martindale employees. Mike also provides expert witness and litigation support and been accepted and designated as an expert in numerous State courts and in Federal court. Mike previously worked for Conoco (now ConocoPhillips) for 13 years in various positions, including financial analysis, joint interest accounting, internal reviews, managing non-operated properties, negotiation of agreements, and settlements of joint interest and revenue audits and disputes.

Connect with Mike:

Website | LinkedIn

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

#026: What is ESG Reporting And Why Does It Matter with Dennis McGowan

ESG is the acronym for Environmental Social Governance. In this episode, Tom and Phil are joined by Dennis McGowan, CPA and Senior Director at The Center For Audit Quality. Dennis talks about what ESG reporting is, why it’s important, and why every industry should be paying attention to it. He discusses standard frameworks that companies use for reporting, and how reporting could change in the future.

Highlights:

0:56 What is ESG?

3:13 Why is ESG important?

7:57 Why investors are interested in ESG information

9:36 How public companies report their ESG information

12:58 Common frameworks used for reporting

16:38 Trends in ESG reporting

18:52 Why the oil and gas industry should be paying attention to ESG reporting

25:56 What the future of ESG reporting could look like

About Dennis McGowan:

Dennis J. McGowan, CPA is a Senior Director, Professional Practice at the Center for Audit Quality. His duties include leading technical and policy-oriented projects to identify, develop, and seek consensus on issues affecting the public company auditing profession. This includes drafting comment letter responses to regulators, developing thought leadership publications, engaging with stakeholders, and responding to technical inquiries.

Before joining the CAQ, McGowan served as a Senior Manager at PwC, where he specialized in auditing public and private asset management companies, broker dealers, and private equity funds.

Connect with Dennis and The CAQ:

Email | Website |LinkedIn | Twitter | Facebook

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

#025: Compliance In A Post Covid Era with Steve Bailey

In this episode, Tom and Phil are joined by Steve Bailey, Project Director for Safire Oil and Gas consulting located in Houston Texas.They discuss the many changes brought to the industry by Covid, especially in the area of compliance. Steve offers his thoughts on where the focus should lie as the industry begins heading back to the office, and how to evaluate what’s working, what isn’t, and how to create an action plan to move through this “forced reset.”

Highlights:

3:58 What it means to be a compliance specialist and how relationship building has changed due to Covid

7:07 Upcoming initiatives that could impact compliance

9:55 Industry trends that are impacting compliance 

13:22 Where the focus of compliance departments should be right now

19:16 How relationships with superiors and employees impact the success of a company

26:23 Additional tips for dealing with the “forced reset” caused by Covid

About Steve Bailey:

Steve Bailey is the Project Director for Safire Oil and Gas consulting located in Houston Texas. Steve was raised in a rural area of Oklahoma and graduated with his Bachelor of Science in Accounting from East Central University and passed the CPA exam in 1988.

Steve recently retired from BP after a 35 year career in oil and gas accounting most of which was focused on various areas of severance tax and sovereign royalty accounting and reporting.

Steve is an active member of PASH where he currently volunteers on the golf-tournament committee. He has previously served as Education Committee Chair at both the National and Tulsa’s PASO levels. He also served on the Board of Directors for PASO in Tulsa.

Steve has had a front row seat for the evolution of severance and royalty reporting over the past three decades. He developed and deployed the first MMS royalty report filed in a CSV format; served on the committee that developed the ANSI standards for reporting taxes and royalties via EDI standard datasets; Chaired the Tax and Royalty Subcommittee for Industry’s SAP PROFOG user group; and has provided testimony on behalf of industry to the OMB regarding proposed federal valuation rules.

Steve currently lives in Houston, Tx with his husband Thom, dear friend Olivia, and a 5 lb canine princess named Bella. He has two grown and married daughters and three grandchildren.

Connect with Steve:

Website |LinkedIn |

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

#024: The Upcoming North American Petroleum Accounting Conference With Jonathon Fite

In this episode, Tom and Phil are joined by Jonathon Fite, President of Professional Development Institute at the University of North Texas .Jonathon talks about the upcoming North American Petroleum Accounting Conference (NAPAC). The conference will be May 20th and 21st and will have both in person and virtual attendance options. Jonathon discusses how this year’s conference will be different from previous years, and the new innovations that have occurred out of necessity due to Covid-19.

Highlights:

1:40 How Jonathon got into his current role as President of The Professional Development Institute

3:19 NAPAC, how it began, and who benefits from attending

4:28 How this year’s conference will differ from previous years

4:57 Phil talks about the parts of COPAS meetings that he really enjoyed

9:12 This year’s conference focus

10:55 This year’s conference speakers and the topics they’ll cover

16:59 The conference and CPEs

17:46 Some new innovations forced by Covid

19:31 What’s the hallway track?

21:32 The types of vendors at this year’s conference

24:38 More information and how to sign up for the conference

About Jonathon Fite:

Jonathon is the President of the Professional Development Institute at the University of North Texas, where he is also an Operations & Logistics lecturer. Prior to his roles at UNT, he was a Marketing & Supply Chain strategy consultant at Accenture. In 2008 he launched, and continues to manage, a pure pay-for-performance hedge fund. He serves as a Director for the UNT Foundation and TransAtlantic Petroleum, a NYSE listed oil & gas exploration company in Dallas. Jonathon has led several large program teams on complex projects including the HP-Compaq Merger and the Sprint-Nextel Merger. His work includes scoping large transformation programs and developing robust business cases to support change initiatives. He has both a Masters and Bachelors of Science in Industrial Engineering with a focus in Logistics from the University of Arkansas.

Resources:

Register for NAPAC 2021 |Learn more about NAPAC 2021 |

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

#23-Don’t Miss The Upcoming COPAS Spring Meeting

In this short episode, Tom and Phil get together to discuss a variety of topics that will be covered at the upcoming COPAS meeting. The meeting will be virtual and will take place April 19th through the 22nd. The co-hosts discuss how being involved is much like being part of a big family and also discussing topics that affect the oil and gas community. It’s a great place for both learning and connection, and it’s not too late to be a part of it.

Highlights:

1:45 Tom and Phil discuss how meeting with COPAS members is like a family reunion

3:11 Cheers to 60 years!!

6:54 COPAS meetings throughout the year and what is covered in the meetings

8:20 Phil talks about the parts of COPAS meetings that he really enjoyed

9:51 Differences in virtual and in person meetings

14:33 Plans for the upcoming meeting

17:55 What you need to know before attending a COPAS meeting

20:13 What is an Emerging Issues meeting? 

21:28 Other committee meetings

22:35 Meeting schedule

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

#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

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