50 episodes
The Oil & Gas Accounting Podcast SherWare, Inc. & COPAS
-
- Business
-
-
4.8 • 11 Ratings
-
If 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 questions we know our clients and partners ask, and that you may be wondering yourself.
-
How Sales and Use Tax Can Improve Profitability in Your Business
On 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 Issues Colorado Operators Face (29:27)What Tax Issues West Virginia & Ohio Operators Face (30:49)What Tax Issues Wyoming Operators Face (33:44)How Use Tax Effects Operators (35:57) -
#049 - Renewable Energy Collapse - Part II
On 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 happened to the ozone layer?Global warming is dominated by natural factors, not manmade emissions.The three misconception about running out of oil and gas: “We need to switch to renewables”.To listen to this episode check it out on iTunes + Stitcher or on the website.
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 Steve Gorham:
Steve Gorham is the author of three books, including his latest Outside the Green Box, Rethinking Sustainable Development. He has more than 100,000 copies of his books are now in print. Steve holds a BS and an MS in Electrical Engineering from the University of Illinois, and an MBA from the University of Chicago. And 30 years of experience in Fortune 100 and private companies in engineering and executive roles.
To learn more about Steve Gorham or to connect with him:
www.stevegorham.org -
#048 - Renewable Energy Collapse - Part I
On 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 happened to the ozone layer?Global warming is dominated by natural factors, not manmade emissions.The three misconception about running out of oil and gas: “We need to switch to renewables”.To listen to this episode check it out on iTunes + Stitcher or on the website.
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 Steve Gorham:
Steve Gorham is the author of three books, including his latest Outside the Green Box, Rethinking Sustainable Development. He has more than 100,000 copies of his books are now in print. Steve holds a BS and an MS in Electrical Engineering from the University of Illinois, and an MBA from the University of Chicago. And 30 years of experience in Fortune 100 and private companies in engineering and executive roles.
To learn more about Steve Gorham or to connect with him:
www.stevegorham.org -
#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 from Royalty Owners
• How to get division orders for allocation wells.
• What happens when operators failed to obtain the consents required under a lease?
To listen to this episode check it out on iTunes + Stitcher or on the website.
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 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 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
To listen to this episode check it out on iTunes + Stitcher or on the website.
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
Customer Reviews
President & Founder
The Oil & Gas Accounting Podcasts address an area of E&P that is often overlooked. Taxation is especially important in the upstream segment.
Severance Tax Pod Cast
I’m a 30 yr plus Severance Tax professional. Sarah did a great job explaining the opportunities to manage the company’s severance expense. The moderator was well prepared with follow up questions that were right on point. I will be recommending this to industry colleagues.
Great technical podcast!
The oil and gas accounting industry has been missing a great regular source of updated information in this type of format. Glad to see this come out of the pandemic.