National Schools

National Oil & Gas Accounting Schools

Professionals new to the oil and gas accounting industry, and others who have limited experience with this complex, highly regulated and highly technological field can find the answers they seek through PDI’s National Oil and Gas Schools.

Three schools comprise this curriculum. Each is four days long and is structured to provide a myriad of information that will broaden the perspective of any professional. Programs are held in September, October and November.

National Oil & Gas Accounting School (NOGAS)

View Details - Houston | Register for Houston | Download Brochure

View Details - Denver | Register for Denver | Download Brochure

National Oil and Gas Accounting School is held each September in Houston, Texas and October in Denver. NOGAS is the industry professional’s key to more accurate, intelligent energy accounting performance. This school covers such topics as:

  • Accounting for exploration costs
  • Oil & Gas reserves
  • Depreciation, depletion and amortization and impairment under the successful efforts method
  • Full cost accounting method
  • Supplemental disclosures
  • And much more!

Course Instructor: Don Looney

Mr. Looney has more than 25 years supervisory experience in all phases of finance and accounting for the energy industry. He is a registered CPA for both Oklahoma and Texas. He is a former manager of Amerada Hess Corporation, where he supervised a revenue department of 75 people. He was responsible for recording all gas, gas plant and oil revenue.

National Accounting & Auditing School for Joint Interest Operations (NAASJIO)

View Details | Register Now! | View Brochure

The National Accounting and Auditing School for Joint Interest Operations is held each October in Houston, Texas. NAASJIO provides the latest information on joint interest accounting trends and current COPAS (Council of Petroleum Accountants Societies) pronouncements. Topics covered include:

  • Duties and obligation of parties to a joint operating agreement
  • Overhead recovery mechanisms and agreement "check-off" elections
  • Impact of the COPAS 24-month adjustment and audit periods
  • Audit sampling and testing, with focus on JADE analysis
  • And more!

Course Instructor: Jeff Alcott

Jeff Alcott has more than 30 years of experience in oil and gas accounting. The James Madison University graduate began his career with Texaco. He has a background in both upstream and downstream accounting and his areas of responsibility have included financial reporting, supervision of joint venture and gas pipeline accounting groups, special projects, Joint Operating Agreement review and negotiation and joint venture audit resolution. Following his retirement from ChevronTexaco Jeff became a consultant, specializing in joint venture audits, vendor audits, internal reviews and litigation support. Jeff served as COPAS President in 2006. He served as COPAS Joint Interest Chair and was a member of the drafting teams of various COPAS documents. Jeff is a past president of COPAS of New Orleans and is an Accredited Petroleum Accountant.

National Oil & Gas Revenue Accounting School (NOGRAS)

View Details | Register Now! | View Brochure

The National Oil and Gas Revenue Accounting School is held each November in Houston, Texas. Through carefully integrated use of presentations, case problems and audiovisuals, this program ventures into most every area of oil and gas revenue accounting and auditing. Topics covered include:

  • Measuring production and sales
  • Production allocations
  • Valuing sales
  • Severance taxes
  • Gas plant accounting
  • And more!

Course Instructor: Don Looney

Mr. Looney has more than 25 years supervisory experience in all phases of finance and accounting for the energy industry. He is a registered CPA for both Oklahoma and Texas. He is a former manager of Amerada Hess Corporation, where he supervised a revenue department of 75 people. He was responsible for recording all gas, gas plant and oil revenue.