COPAS Energy Education
Knowing Your COPAS Documents Live Webinar Series X: Building Joint Account Overhead Charges
Date: October 17, 2019
Time: 9:00 AM (CT)
Program Level: Intermediate CPE Credits: 1 Hour
Delivery: Group-Internet Based Prerequisites: None
Advance Prep: None Field of Study: Accounting
Webinar IV (An Overhead Primer) of this KYCD series explains the evolution of various types of overhead and the changes to them throughout the development of the 1962 through 2012 model forms. This webinar discusses some of the same basic concepts but delves deeper into the proper overhead assessments with hands-on calculations in case studies for specific-situation drilling wells, workover operations, producing wells and waterflood operations, and major construction projects. COPAS model form language is detailed and MFI-21 (Overhead Principles) and MFI-48 (Application and Calculation of Drilling Overhead) are explained and discussed in great detail.
Learning Objectives: By the end of this class you will be able to
- Determine drilling days in a traditional environment.
- Determine drilling days in a shale environment.
- Calculate workovers at the drilling rate.
- Determine wells for producing overhead.
- Apply drilling and producing rates.
- Determine qualifying projects for major construction overhead.
- Calculate amounts due for major construction overhead.
For questions, please contact the COPAS Office at (303) 300-1131 or firstname.lastname@example.org.
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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.
Registration Type: Webinar: Building Joint Account Overhead Charges (Oct 17)