Shows
The Oil & Gas Accounting PodcastHow Sales and Use Tax Can Improve Profitability in Your BusinessOn 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 Issues Pennsylvania Operators Face (15:41)What Tax Issues North Dakota Operators Face (17:27)What Tax Issues Oklahoma Operators Face (19:58)What Tax Issues Louisiana Operators Face (25:32)What Tax...2023-07-0541 minThe Oil & Gas Accounting Podcast#049 - Renewable Energy Collapse - Part IIOn 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 air and water around the world.What happe...2022-11-2132 minThe Oil & Gas Accounting Podcast#048 - Renewable Energy Collapse - Part IOn 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 air and water around the world.What happe...2022-11-1532 minThe Oil & Gas Accounting Podcast#047 -The Biggest Royalty Owner Complaints About Communicating with Operators.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 biggest advantage to operators in improving their communications and the ability of mineral and Royalty Owners• The number 1 complaint fr...2022-10-2436 minThe Oil & Gas Accounting Podcast#046 - COPAS's New Accounting Procedure and Model Form InterpretationOn 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 entails• The biggest changes from 2005 Accounting procedures• Two bi...2022-10-1032 minThe Oil & Gas Accounting Podcast#045: Fall 2022 COPAS Meeting Returns to Regular ProgrammingOn 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...2022-09-2624 min
The Oil & Gas Accounting PodcastThe Value of Satellite Imagery In Oil and Gas Analysis With Eric AndersonOn 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 create something really valuable using satellite imagery for the oil and gas industry and many other industries as well...2022-07-1841 min
The Oil & Gas Accounting PodcastSaving Time and Money With Data Gumbo with Robin MacmillanOn 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 degree to drilling4:42 Handling smart contracts with a privat...2022-06-2748 min
The Oil & Gas Accounting PodcastDeveloping Your ESG Strategy with Laurie HooseOn 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 develop an ESG strategy.Highlights:2:01 What’s new...2022-06-1328 min
The Oil & Gas Accounting PodcastUplevel Your Oil and Gas Accounting with Martindale ConsultantsOn 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 contract that brought money back into the client’s company, and helping a company with reporting on over 800 wells.2022-04-1146 min
The Oil & Gas Accounting PodcastUplevel Your Oil and Gas Upstream Accounting with Magnum ForgeThis 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 their systems so they can focus on what they're best at...2022-04-0445 min
The Oil & Gas Accounting PodcastHow To Start A Successful Bitcoin Mining Operation Using Natural Gas with Chris HalvorsonOn 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 learning curve involved and the lessons he has learned so far.Highlights:...2022-03-2847 min
The Oil & Gas Accounting PodcastHoldbacks As A Possible Solution to Plugging Liabilities with Dwayne PurvisOn 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 issue in the oil and gas world and Dwayne shares why he believes holdbacks could be part of...2022-03-2130 min
The Oil & Gas Accounting PodcastThe COPAS Spring Meeting Is Back In Person!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 areas of oil and gas accounting. Find out how they had to plan it thi...2022-03-0727 min
The Oil & Gas Accounting PodcastWomen In The Oil And Gas Industry: Part 4 with Ginnie VierraWe'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 life.Highlights:3:12 Ginnie’s ch...2022-02-2836 min
The Oil & Gas Accounting PodcastWomen In The Oil And Gas Industry: Part 3 with Ashly WolickiWe'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 has ever received.Highlights:...2022-02-2140 min
The Oil & Gas Accounting PodcastWomen In the Oil & Gas Industry - Part 2 with Jennifer StewartWe'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.Highlights:1:52 Jennifer’s six to eight roles within her company6...2022-02-1453 min
The Oil & Gas Accounting PodcastWomen In The Oil And Gas Industry-Part 1 with Sarah MagruderWomen 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 occurred in the workplace both over...2022-02-0744 min
The Oil & Gas Accounting PodcastHow W Energy’s Cloud-Based Platform Propels the IndustryThe oil and gas industry is not known for creating and adapting innovative technology quickly. But with our highly digital world, this is changing, and W Energy saw that writing on the wall in 2009. This week’s episode of the Oil and Gas Accounting Podcast continues with a series that highlights different software being used in the industry and showcases what each one brings to the table for the professionals that it serves. This week’s guest is Pete Waldrop, CEO of W Energy Software. Pete discusses the challenges and changes the industry is facing today2021-12-2722 min
The Oil & Gas Accounting PodcastHow WolfePak Software Automates the Upstream Oil And Gas IndustryThis week’s episode of the Oil and Gas Accounting Podcast is part two of a series in which Tom and Phil dive into the different software applications available to operators and accountants in the industry. This weeks features Brent Rhymes, CEO of WolfePak Software. They discuss the different pain points that this software addresses and how they are changing the game for smaller operators using automation.Highlights:1:37 Brent Rhymes, software developer and four time CEO4:02 How WolfePak got started...2021-12-1325 min
The Oil & Gas Accounting PodcastUpgrade Your Oil And Gas Software For 2022In this episode Tom is joined by a guest co-host, Mallory Schlabach, SherWare’s marketing strategist, and also a special guest, none other than his co-host, Phil Sherwood. Phil talks about how he got started in oil and gas and what made him start his company creating software for the industry. He also goes into detail about the different product options and integrations that are available for oil and gas operators and accounting professionals through SherWare.Highlights:2:14 How Phil got started in software5:10 How writing software tr...2021-12-0132 min
The Oil & Gas Accounting PodcastVirtual Happy Hour-Using AFE's As Your Project RoadmapIn 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 wh...2021-11-1539 min
The Oil & Gas Accounting PodcastCOPAS Economic Factors That Affect Everything You Calculate-Part 2 with Mike CougevanIn 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 employees16:24 Vehicle rates2021-11-0130 min
The Oil & Gas Accounting PodcastCOPAS Economic Factors That Affect Everything You Calculate with Mike CougevanOn 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 Wh...2021-10-1826 min
The Oil & Gas Accounting PodcastWhat is ESG Reporting And Why Does It Matter with Dennis McGowanESG 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...2021-06-0731 min
The Oil & Gas Accounting PodcastCompliance In A Post Covid Era with Steve BaileyIn 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 speciali...2021-05-2429 min
The Oil & Gas Accounting PodcastThe Upcoming North American Petroleum Accounting Conference With Jonathon FiteIn 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 Pr...2021-05-1128 min
The Oil & Gas Accounting PodcastDon't Miss The Upcoming COPAS Spring MeetingIn this 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...2021-04-1527 min
The Oil & Gas Accounting PodcastWhat Does A Landman Do With Jim HoffmanThere 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 gas2:53 How Jim got into...2021-03-1540 min
The Oil & Gas Accounting PodcastHow to Retain Employees and Create a Positive Work CultureTreating 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...2021-03-0534 min
The Oil & Gas Accounting PodcastAre You A Folder Or A Crumpler With Drew GroelingerThis 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. 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...2021-02-1537 min
The Oil & Gas Accounting PodcastHow To Survive Mergers And Acquisitions with Elizabeth LionsIn 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 acquisitions2:40 The feelings th...2021-02-0835 min
The Oil & Gas Accounting PodcastUpdates On State Legislative InitiativesIn 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 fracturing3:03 New bills in Oklahoma5:49 Senate Bill 181 in Colorado7:06 Bills with Ad...2021-02-0114 min
The Oil & Gas Accounting PodcastHow The Election Results Will Impact The Energy Sector with Brad AyersIn 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 policy3:53 The sources Brad uses to make policy projections...2021-01-2530 min
The Oil & Gas Accounting PodcastPPP And 1099 Updates That Could Affect Your 2020 TaxesIn 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 20202:57 The new 1099 form 3:33 Tom and Phil rem...2021-01-1813 min
The Oil & Gas Accounting PodcastHow Derivatives Can Protect You In A Volatile Market with Doug ReebIn 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 hedging04:35 What is a de...2021-01-1144 min
The Oil & Gas Accounting PodcastHow to Set Yourself Up for A Great 2021In 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 20201:54 The good that came from the bad in...2021-01-0433 min
The Oil & Gas Accounting PodcastThe Must-Have Reference Items In Your Oil And Gas Accounting Library with Jim Allison and Robert ToudouzeIn 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...2020-12-2842 min
The Oil & Gas Accounting PodcastHow COPAS Will Transform Your Career in 2021 with Angie KnipeIn today’s episode, Tom and Phil are joined by Angie Knipe, Director of Training and Education for the COPAS National Office. They discuss the many educational courses offered by COPAS and who would benefit from them the most. They also talk about the changes that the program has had to make due to COVID-19, what it looks like moving forward, and why they have decided to provide significant discounts going into the new year.Highlights:3:28 Who is COPAS Energy Education for?4:09 The delivery of COPAS Ed...2020-12-2120 min
The Oil & Gas Accounting PodcastHow the Economy Currently Impacts Oil and Gas Accounting and Financial Reporting with Diane KirkIn today’s episode, Tom and Phil are joined by Diane Kirk, Director and CPA at Plante Moran. They discuss how the current state of the economy has affected the oil and gas industry and some different scenarios that companies may face in the coming year. Some of the challenges they talk about include severance accounting due to layoffs, lease concessions, erosions of accounts receivable, the impact of the PPP loan on a company’s balance sheet, contract renegotiations, taxes and more.Highlights:3:08 Destination Imagination-What Diane does outside of accounting4...2020-12-1444 min
The Oil & Gas Accounting PodcastCreating Impact In The Industry As Part Of COPAS with Melissa GruenewaldIn today’s episode, Tom and Phil are joined by Melissa Gruenewald, founder and CEO of Green Forest Financial, PLLC, a CPA and advisory firm, and sitting vice president of Council of Petroleum Accountants Societies (COPAS). They discuss the many benefits of being an active member of COPAS, and how it has helped Melissa develop her career skills, relationships and leadership abilities. They also talk about things you can do to invest in yourself during the pandemic and making decisions moving forward.Highlights:2:41 Why Melissa decided to sta...2020-12-0747 min
The Oil & Gas Accounting PodcastYear-End Tax Benefits & Strategies with Butch RogersIn today’s episode, Tom and Phil are joined by Butch Rogers, Certified Public Accountant. They discuss possible tax benefits that may be helpful to oil producers when filing taxes this year. They also cover some of the tax changes we may see under the new administration, along with the most recent updates on the Paycheck Protection Loan.Highlights:2:47 Butch’s motivation to stay in school to get a “sit down” job5:57 Changes in law, IRS rulings, and court cases impacting the oil and gas industry2020-11-2334 min
The Oil & Gas Accounting PodcastUnderstanding Oil and Gas Reserves with Deb RyanIn today’s episode, Tom and Phil are joined by Deb Ryan, Senior Manager of Engineering at Sproule. Deb talks about how she is able to juggle all of her different roles, and gives valuable insight on how she helps companies calculate reserves. She discusses what companies can do before bringing in consultants to assist with reserve calculation, and how important it is to resist relying completely on automated systems for reserve calculation as they can leave quite a bit of room for error.Highlights:3:08 How Deb got started in oi...2020-11-1636 min
The Oil & Gas Accounting PodcastThe Benefits of The Accredited Petroleum Accountant Certification with Lary SidesIn today’s episode, Tom and Phil are joined by Lary Sides, Senior Auditor with Chevron’s Audit Department, as they discuss how to stand out in the oil and gas industry with the Accredited Petroleum Accountant (APA) certification. Lary details eligibility, preparation, the exam process, and retention of the certification, how to get started and how it’s helped him in his 39-year career. Highlights:1:45 What is the Accredited Petroleum Accountant (APA) Program?3:49 How the APA credential helped Lary stand out in the indu...2020-11-0926 min
The Oil & Gas Accounting PodcastProperty Taxes in Oil and Gas with Drew HaroldIn today’s episode, Drew Harold, director of state and local tax with Crest Tax Partners, talks about the importance of overcommunication within your team when it comes to property taxes in your organization. and how his experience in the field helped him gain a better perspective when it came to dealing with taxes.Highlights:1:53 How Drew got his start in oil and gas4:18 Tips on internally managing communication about property tax7:03 Most important aspects of effectively managing your co...2020-11-0226 min
The Oil & Gas Accounting PodcastThe Steps You Need to Take To Reduce What You’re Paying in Severance Tax with Sarah MagruderIn today’s episode, Sarah Magruder, President of Sapphire Oil and Gas Consulting, breaks down some of the confusion and misconception surrounding severance tax. She talks about how important it is for all team members to have knowledge surrounding every aspect of the oil and gas process, and how that can help reduce overall severance tax payments.. Highlights:2:57 What is severance tax?5:30 Why some states have a lower severance tax10:14 Two ways to reduce your severance tax23:45 The...2020-10-2645 min
The Oil & Gas Accounting PodcastHow to Save Big By Paying Attention to Sales and Use Taxes with Brent WatsonIn today’s episode, Brent Watson, Principal at SALTA, PLLC, is here talking to us about the benefits and savings of being really attentive to sales and use taxes. Brent walks us through how operators can avoid overpaying on taxes, what to avoid and how one small operator saved over $275,000 by hiring a consulting firm to manage their taxes and review their purchases.Highlights:1:44 Why should oil and gas well operators care about sales and use tax?6:13 Differences in tax situations by different states...2020-10-1928 min
The Oil & Gas Accounting PodcastHow to Manage Vendor & Data Risk (and why it matters)In this episode we’re joined by Rick Roybal, Vendor-Risk Management “activist”, author, and speaker. Rick has worked in the oil and gas industry for over 15 years and talks about the importance of having controls and systems in place to minimize risk financially and also in health and safety.Highlights:2:25 How a degree in Russian led Rick down his career path4:16 What is the role of an auditor?7:12 Why is vendor risk management so important11:19 How au...2020-10-1246 minThe Oil & Gas Accounting PodcastHow to Use Your Knowledge Network To GrowMost of us in the business world know that our network is like gold. But are we actually using it effectively? And what do we do in 2020, when the world has ground to a halt with COVID19? Today’s guest, Dan Trienzenberg, accredited petroleum accountant and controller at Wolverine Gas and oil Corporation, is here to show us how to maximize our networks to help grow our careers, roles and businesses as we dive into how to use knowledge networks.On this episode we talk about:- Dan’s love of Pickleball (2:28) - Ho...2020-10-0241 minThe Oil & Gas Accounting PodcastThe Oil & Gas Accounting PodcastIf you're a CPA, an accountant, a bookkeeper, an office manager, or if you're an oil and gas operator that's doing the accounting yourself, you are who our brand new podcast is for.We’ve partnered with Tom Wierman, Executive Director of COPAS (The Council of Petroleum Accounting Society) to bring you the Oil & Gas Accounting Podcast.We noticed that no one has the conversations that actually help oil and gas accounting professionals do their job better.So we decided to change that and start to discuss the things and common issues and qu...2020-09-3007 min
We're Still Here PodcastHow SherWare Software Got Started 25 Years AgoOn today’s episode of the podcast, Phil is joined by his friend and business mentor, Robert “Butch” Rogers. Butch is a CPA who has his own accounting business and also works as a consultant for other CPA’s and producers in the oil and gas industry and as a contract CFO for a few oil and gas companies. Phil and Butch share how they got to know one another, how they both ended up living in Ohio and how Phil got started with his business, SherWare software 25 years ago. They chat about how Butch helped Phil with accounting items to...2019-07-2500 min