Houston IIA February 2021 PetroChem Symposium
Date(s): Feb 11 – 12 (Two Day Webinar)
Daily Time(s): 8:30 am – 12:30 pm
Online Event via Zoom
Objectives: To bring together Internal Auditors in the Houston area with Subject Matter Experts to discuss current industry trends, gain a greater technical understanding of the industry, and network with other energy professionals.
Experience level: Basic
Prerequisites: None
Total CPE Credit(s): 8 hours
Day 1 Group Session 1
Speaker: Carl Larry
Topic: The Real ESG: Energy economics, Social skepticism and Government actions
Learning Objectives / Summary: The energy industry has seen an incredible year of change and volatility. Hear from one of the experts and a frequent speaker at Bloomberg, CNBC, Reuters and various worldwide publications on what happened in 2020 and what to expect in 2021
Day 1 Group Session 2
Speaker: Andrew Peterson
Topic: Energy cashflow evaluations
Learning Objectives / Summary: With every new Administration there are industries in which the government would like to incentivize investment and others where they would like to reduce the economic value being added. This can be done through regulation or deregulation for a specific activity like setting caps on flaring or increasing setbacks. However, it can also be done through financial means like creating a Tax Credit for Solar and Wind. Although we do not know exactly what the future holds, we can look at the plan outlined by the current administration and gain valuable insight into the future. In this presentation, we will be exploring the economic ramifications of changes to the US Tax Code and how these changes impact After Tax Cash Flow.
Day 1 Group Session 3
Speaker: Damian Gomes, Robiquity
Bonnie Dallum, RPA Officer
Topic: Breaking down SOX and Compliance Barriers with Automation
Learning Objectives / Summary: RPA is THE hot topic in business, but many internal audit functions are struggling to identify activities where they can also achieve the incredible effeciencies this technology provides. This session will highlight some areas where internal audit may have unseen barriers preventing their deployment of RPA and some processes where they can apply the automation techonlogies to enhance their operations.
Day 2 Group Session 1
Speaker: Sara Hastings-Simon
Topic: ESG Investing and what it means for the Energy Industry
Learning Objectives / Summary: There has been an explosion of interest in environmental, social and governance (ESG) issues are energy investing in the last couple of years. The goal of this presentation is to discuss what ESG investing means for energy companies and how it might impact their decisions. These ESG issues are coming at time of low prices and high debt levels in the oil and gas industry which will increase the leverage investors have.
Day 2 Group Session 2
Speaker: John Wauson, Weaver
Topic: Vendor Management
Learning Objectives / Summary: Over the past year, many companies have turned to third-party vendors and other outside parties to alleviate challenges resulting from the COVID-19 pandemic. Whether providing support for new technologies, using contract labor to align resource needs with the business demands, or leveraging hybrid insource/outsource models to reduce costs, many of these operational adjustments are likely to remain in place indefinitely creating a significant changes to the company’s risk landscape. This presentation will include considerations Internal audit and management teams will need to consider when incorporating these changes into their overall risk management structure as they review their risk management practices.
Day 2 Group Session 3
Speaker: Yoli Bazan, HilCorp
Topic: Understanding the fundamentals of Joint Interest Accounting
Learning Objectives / Summary: Leases, title opinions , operating agreements and a host of other agreements are the foundation of many processes at in all the segments of the energy industry. Understanding the common clauses, pitfalls, and how to recognize each within your organizations processes will help ensure your organization is adequately addressing the risks.
Course registration: To register for this event, click here.
Refund and cancellation policy: Registrations may be cancelled any time before the event occurs. Cancellations received by Wednesday of the week before the event occurs will receive a full refund. Refunds will be processed to the credit card used to make the registration no later than the day of the event. Cancellations received after Wednesday of the week before the event occurs will not be entitled to any refund. Questions about the cancellation policy should be addressed to the VP-Administration at registration@houstoniia.org.
