PASSA Meeting - February 19, 2025
2025-02-19 11:00 - 13:00 (America/Chicago) | San Antonio Petroleum Club, 8620 N New Braunfels, Suite 700, San Antonio, TX, 78217-6363, United States
Speaker 1: Kirk Foreman – 11:00 – 11:50 am
Topic: PRUTCOM Update (Publication Reopening for Updates, Technical Corrections, or Modernization), Rewrite of AG-9 Vendor Audits and MFI 35 Employee and Contractor Training Costs
This session will consist of a presentation and discussion of the PRUTCOM Committee and Document Review Task Force differences, prioritization, and next steps.
Learning Objectives:
By the end of this session, you will be able to:

Describe the Document Review Task Force and PRUTCOM recommendations.
Discuss the changes and issues the document may need.
Ascertain and provide feedback on the direction for committees.

Program Level: Intermediate
Pre-requisite: Some familiarity with the COPAS documents, their purpose and use, as well as some familiarity with general accounting standards
Advance Preparation: None
Delivery Method: Group Live
Field of Study: Specialized Knowledge
CPE Credits: 1.0
Speaker Bio – Kirk Foreman retired from EOG Resources in April 2021 as Accounting Manger over frac sand purchase and delivery, Lease Accounting, and Lease Operating Expenses for the Eagle Ford San Antonio division. He has worked in the Oil and Gas Industry for 35 years. He currently serves as President of the San Antonio COPAS society and serves on the COPAS National board of directors. Kirk holds a BBA in Accounting from the University of Texas at
Arlington and is a Certified Public Accountant. He currently works as an Oil and Gas accounting/audit consultant (Kirk Foreman Consulting KFC).
Speaker 2: Dan Hodgson – 12:10 – 1:00 pm
Topic: Gas Settlement Statements
This session will consist of a presentation and discussion of gas plant accounting gas settlement statements.
Learning Objectives:
By the end of this session, you will be familiar with:

Basic methods of gas settlement calculations.
Gathering and processing schematics.
Sections of the “Percent of Proceed Settlement Statement”.

Program Level: Intermediate
Pre-requisite: Some familiarity with Oil and Gas Revenue Accounting
Advance Preparation: None
Delivery Method: Group Live
Field of Study: Specialized Knowledge
CPE Credits: 1.0
Council of Petroleum Accountants Societies (COPAS), Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Speaker Bio
Education

BBA Accounting – University of Houston.
MS Accountancy – University of Clear Lake.

Certifications

CPA – Certified Public Accountant – Texas.
APA® – Accredited Petroleum Accountant – COPAS.

COPAS

Former Chair of COPAS National Midstream/Downstream Sub-Committee.
Current PASSA Secretary and Chair of the Revenue Committee.
Former Vice-Chair of the Board of Examiners for the APA® – Accredited Petroleum Accountant Program.

Experience

30+ years of experience in oil and Gas Midstream.
I am currently an Auditor with Revenew International, LLC.

PASSA Meeting Wednesday, May 21st
2025-05-21 11:30 - 13:00
Antitrust Statement
2025-2026 Budget
2025-2026 Dues – National, PASSA, and guest fees
Scholarship
Speaker: Matt Milligan – 12:00 – 12:50
Topic: Fraud and Forensic Accounting
This presentation will provide a general overview of fraud and forensic accounting. This course will be a general overview of fraud and the associated terminology. In addition to outlining the general basics of fraud, the presentation will cover examples I’ve encountered in the upstream oil and gas industry. Lastly, the presentation will cover tips and techniques I’ve discovered that assists a forensic accountant in their careers.
Learning Objectives:
By the end of this session, you will be able to:

Recall the basics regarding fraud and forensic accounting.
Give examples of how fraud can arise in the oil and gas industry.
Describe tools and techniques to assist in fraud detection and forensic accounting.

Program Level: Basic
Pre-requisite: None
Advance Preparation: None
Delivery Method: Group Live
Field of Study: Accounting
CPE Credits: 1.0
Speaker Bio – Matt obtained both his bachelor’s and master’s degrees in accounting from Trinity University. His career started at KPMG, where he was a public auditor focused primarily on the Financial Service and Governmental sectors. After five years with KPMG, Matt transitioned to the Controller position of an investment firm providing investments in tangible assets ranging from oil and gas, pipelines, water rights, and real estate. Matt worked for six years with the investment firm eventually assuming the title of CFO.
After working at the investment firm, Matt wanted to gain a more substantial understanding of the oil and gas industry and went to work for a traditional oil and gas operator and driller. Matt was the CFO of the operator and driller for over nine years and handled all the financial aspects of the operation. Matt is a licensed CPA and a fully Accredited Petroleum Accountant. As he is both a CPA and APA, Matt has also worked as an expert or fact witness in numerous litigation matters.
Currently, Matt is an independent consultant providing fractional CFO/Controller services, litigation support, and forensic accounting with a focus on the upstream energy industry. When not working, Matt spends most of his time with his wife chasing his three boys aged 11, 8, and 6.
Council of Petroleum Accountants Societies (COPAS), Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

PASSA Meeting Wednesday, September 24th
2025-09-24 11:00 - 13:00
Sign-in Begins at 10:45 am
Guests are welcome: guest fee is $50, make checks out to PASSA
Meeting Start – 11:00 am
National Meeting – Fall Council Voting Items
https://copas.org/wp-content/uploads/60-Day-Notice.pdf
October 21-24, 2025 Kansas City, Missouri – $425 registration fee

2025 COPAS Spring Council Meeting Minutes (majority)
Dissolution of the Austin, Corpus Christi, and New Mexico Societies (2/3)
Dissolution of the Michigan and New Orleans Societies (2/3)
Vote to retire the “CAPECUP” publication guideline (majority)
Vote to approve PRUTCOM changes for MFI-21, MFI-44, MFI-45, and MFI-46 (2/3)
Election of (3) Board of Directors for 2026 – 2028 term (top 3)
Election of 2026 Nominating Committee (majority)

National Meeting – Audit and Joint Interest Voting Items
https://copas.org/wp-content/uploads/Fall-2025-Audit-JI-Voting-Items.pdf
PRUTCOM Voting Items – Joint Interest 2/3 and Audit Majority
https://copas.org/members/prutcom-draft-publications/

MFI-17, 1984 Model Form Accounting Procedure Interpretation
MFI-19, COPAS 1986 Offshore Model Form Accounting Procedure Interpretation
MFI-26, Joint Interest Billing Summary Classifications
MFI-38, Materials Manual
MFI-40, 24-Month Adjustment Period for Joint Account Adjustments
MFI-49, Employee and Contractor Awards
MFI-52, Catastrophe-Related Costs
MFI-54, Well Containment Service Providers
MFI-57, Remote Technology Centers
MFI-57 AD1, Remote Technology Centers Addendum 1

Other Voting items for Audit
Spring 2025 Audit Meeting Minutes (Acclamation)
Retirement of CAPECUP from Section 8 of Leadership Handbook (Majority)
Audit Charter revisions (Majority)
Other Voting items for Joint Interest
JI Secretary – Jeannene Dilley – Hilcorp – PASH (Acclamation)
Spring 2025 Joint Interest Meeting Minutes (Acclamation)
Retirement of CAPECUP from Section 8 of Leadership Handbook (Majority)
JI Charter revisions (Majority)
Employee Benefit Limitation Percentage of 34% effective January 1, 2026 (2/3)
Removal of States from Workers’ Compensation Manual Rates (2/3)
New Draft Publication for Joint Interest and Audit
https://copas.org/members/draft-publications/
AG-9 – Vendor Audits Accounting Guideline
Lunch Start – 11:30 AM
Speaker: Deanne Boelter – 12:10 – 1:00 pm
Topic: Production Accounting
This presentation will provide a general overview of production accounting.
Learning Objectives:
By the end of this session, you will be able to:

Recall the basics regarding production accounting.

Program Level: Basic
Pre-requisite: None
Advance Preparation: None
Delivery Method: Group Live
Field of Study: Accounting
CPE Credits: 1.0
Speaker Bio – Deanne Boelter is the Production Accounting Manager at EOG Resources. She has been in the Oil and Gas business for 38 years and has done all accounting tasks throughout her career from AP all the way to all the tasks to compile the tax return. In her current position she and her team account for the oil/gas/water volumes produced in the field. Deanne strives to provide the most accurate information available by working on processes and analysis which in turn helps the company make decisions.
Deanne received her degree in Business Administration from Angelo State University and followed up years later obtaining all her accounting hours. She previously worked for two different independent oil and gas exploration and production companies where she wore many hats.
When not counting volumes Deanne and her husband travel to their other home and farm and enjoy spending time with their family and all their grandkids. She and her husband are avid country and western dancers, and you can often find them on the dance floor.
Council of Petroleum Accountants Societies (COPAS), Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

PASSA Meeting Wednesday, November 19th
2025-11-19 11:00 - 14:00
Wednesday, November 19th, 2025
11:00 am – 2:00 pm (lunch provided-free for members)
San Antonio Petroleum Club
Sign-in Begins at 10:45 am
Guests are welcome: guest fee is $50, make checks out to PASSA
Meeting Start – 11:00 am
Call to Order/Determination of Quorum/Antitrust Statement
“We are meeting to help develop and promote optimal accounting, auditing, and record keeping
practices necessary to support oil and gas operations which enhance competition. The meeting will be
conducted in compliance with the COPAS Policies on Ethics and Antitrust. We will not agree on prices
paid to suppliers or charged to customers, endorse or disparage vendors or goods or services, divide
markets, or discuss with whom we will do business, nor other specific commercial terms, because these
are matters for each company or individual to independently evaluate and determine.”
Fall 2025 National Meeting Summary – Jessica Wagner
Treasurer’s Report – Rebecca Castro
COPAS Special Council Meeting – approval of Evan Green (Permian Basin) to replace Carol Tear (Oklahoma City) who has resigned from the Board of Directors – 2/3 society vote to be held electronically by email
Lunch Start – 11:30 AM
Speaker: Tom Wierman – 12:00 – 12:50 pm
Topic: COPAS Update
This session will include an update on current issues with COPAS including an update from the COPAS office, COPAS Progression Panel update, Virtual Society update, membership update, Spring and Fall Meeting format update, and CEPS update.
Learning Objectives:
By the end of this session, you will be able to:

Recall the current issues being addressed by the COPAS Office.
Discuss various COPAS issues such as the state of the COPAS Progression Panel, the new Virtual Society, membership registrations, Spring and Fall Meeting formats, and CEPS enhancements.

Program Level: Basic
Pre-requisite: None
Advance Preparation: None
Delivery Method: Group Live
Field of Study: Business Management & Organization
CPE Credits: 1.0
Speaker Bio – Tom Wierman became COPAS’s 8th Executive Director on March 1, 2012, after nearly 30 years as an E&P accountant in Wichita, São Paulo, Rio de Janeiro, and Calgary.
He served as president and board member for the Kansas and Canada societies; chaired the COPAS Tax Committee; was a COPAS board member for six years; and president in 2009. He contributed significantly to the 50th Anniversary in 2011, passed the APA® exam in 2022, and earned the Eagle Award (2013) and Ring of Honor (2021).
Married to Paula, he has three children: Chris, Molly, and Justin.
Active in church, he directs a choir, serves on advisory boards, participated in school boosters and Habitat for Humanity, and served two terms as Wichita Swim Club president. He enjoys DIY projects, coaching and playing tennis, and weightlifting, especially since retiring from soccer officiating.
Fun fact: His wife gave him a T-shirt saying, “Stop Me…I think I’m going to volunteer again.” He still can’t say no.
Revenue Committee Speaker: Dan Hodgson – 1:00 – 1:50 pm
Topic: Revenue Committee Update – Gas Accounting Manual AG-15
An overview of the Gas Accounting Manual AG-15 with a focus on Measurement. An update on current changes being proposed on the Gas Accounting Manual.
Learning Objectives:
By the end of this session, you will be able to:

Understand the benefits of updating the COPAS Gas Accounting Manual.
Recall information available in the COPAS Revenue Gas Accounting Manual
Exposure to Gas Measurement.

Program Level: Basic
Pre-requisite: None
Advance Preparation: None
Delivery Method: Group Live
Field of Study: Accounting and Financial Reporting
CPE Credits: 1.0
Speaker Bio –
BBA Accounting – University of Houston
MS Accountancy – University of Houston Clear Lake
Texas – Certified Public Accountant
COPAS – Accredited Petroleum Accountant APA ®
COPAS – San Antonio Society – Secretary
COPAS – San Antonio Society – Revenue Chair
35+ Year Experience with Oil and Gas Midstream Accounting
Council of Petroleum Accountants Societies (COPAS), Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

PASSA Meeting Wednesday, February 18th
2026-02-18 11:00 - 14:00
Joint Interest Committee Meeting – Kirk Foreman, Topic: AG-9 Vendor Audit Rewrite
Main Speaker – Wade Caldwell, member at Caldwell Clark Fanucchi & Finlayson, PLLC
Free for members, $50 for guests
Additional details to be announced

PASSA Meeting Wednesday May 20, 2026
2026-05-20 11:00 - 14:00
Details and speaker to be announced
