JVViews: March 2016 Issue
Editor's NoteMarch Luncheon
JV Administration Corner
Save The Date: 2016 GPAC/PJVA Joint Conference
CAPL March Lunch
Early Morning Discussion
PJVA Pub Networking Night
Mini Information Session
Upcoming Events
Social Media
Member Benefits
Editor's Note
I would like to remind you once again about Canada's Energy Citizens (CEC), an advocacy group for Canada's Oil and Natural Gas industry. Through their website www.energycitizens.ca they educate people about the positive role that energy development plays in our lives and they help people spread the word themselves. PJVA encourages its members to visit the website and learn what CEC are all about. In their latest campaign, CEC encouraged individuals to send a message to Alberta’s Minister of Finance, Joe Ceci, asking him and the NDP government to make Alberta’s oil and natural gas sector a priority in the latest provincial budget. To read more about this initiative, please CLICK HERE.
Oil Industry Tidbits
| 1920 - | Norman Wells oil field in NWT is discovered. |
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| 1923 - | Heavy oil is discovered in the Wainwright area. |
| 1923 - | Gas condensate reservoir is discovered in the Mississippian formation at Turner Valley. |
| 1924 - | First sweetening plant is developed at Turner Valley to remove hydrogen sulphide. |
| 1929 - | Alberta Research Council set up a hot water extraction plant on the Clearwater River to extract oil from bituminous sand. |
| 1930 - | Bow Island gas field is exhausted having produced 336 bcf into the Calgary market. |
| 1930 - | Mineral rights are transferred from the Federal Government to the Provincial Governments of Western Provinces. |
| 1936 - | Oil leg is discovered in the Mississippian formation at Turner Valley. |
| 1936 - | Nylon is invented; the first synthetic material made from petrochemicals. |
| 1938 - | Alberta Petroleum and Natural Gas Conservation Board is formed by the Social Credit Government which, among other things, significantly reduced flaring activities. |
March Luncheon
| Date: | Wednesday, March 23, 2016 |
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| Time: | 11:30 AM - 1:30 PM |
| Location: | The Petroleum Club
319 - 5 Avenue SW Calgary, Alberta |
| Price: | PJVA Students: $20.00 (+GST)
Members: $45.00 (+GST) Non-Members: $55.00 (+GST) |
| Topic: | Layoff or Career Transition? |
| Energy industry workers are living with the real issue of loosing their current job. Explore some of the realities behind the headlines on how some of Calgary's energy companies are handling this issue. During this luncheon, we will explore: What happens during at a termination meeting?; What is career transition?; Strategies to finding a job in today's market. | |
| Speakers: | Bruce Wade - Partner with Cenera, a Calgary based HR firm |
| Reserve: | Register online here 12:00 pm on Tuesday, March 22, 2016 Or download a registration form here!
See the event page here! |
Cancellations made 72 hours prior to event will receive a refund (minus $10 transaction fee)
JV Administration Corner
1. Agreement Maintenance
Assignments, Amalgamations & Name ChangesAs the OPERATOR of a CO&O – According to the 1999 PJVA Model Agreement, Clause 105(b) in Exhibit A (Operating Procedure) the Operator is responsible for notifying the Facility Participants of routine assignments, amalgamation and name changes by providing a copy of the updated Appendix I to Exhibit A to Facility Participants.
If an Assignment of interest is provided by one of the Facility Participants to the Operator, the new Facility Participant must also sign a counterpart execution page to the CO&O and provide to the Operator. Counterpart execution page is not required if acquiring party is already an Owner as per Clause 905(a)(i).
The Operator is responsible for updating Appendix I to Exhibit A and providing a copy to all Facility Participants. Operator is NOT required to provide copies of all supporting documents (assignments, amalgamations, name changes) to Facility Participants, but must accurately maintain copies on file as the Operator.
Did You Know?
2. Abbreviations
We abbreviate words or phrases to save time, effort or space. An abbreviation (from Latin brevis, meaning short) is a shortened form of a word or phrase, used to represent a longer, often-used word or phrase.
When using abbreviations, make sure that your readers will be familiar with them. If they won’t be, then write out the full name (with the abbreviation in parentheses) on the first use.
Examples:Do they meet International Organization for Standardization (“ISO”) requirements? Today the United Nations Organization (“UNO”) is having a mandatory meeting at 3 p.m.
3. Question of the Month
Ask A QuestionDo you have any questions that related to Administration or Agreement Maintenance? If so, submit to jiadmin@pjva.ca. The question and answer will be published as quickly as possible in a monthly edition of the JV Views.
Save the Date: 2016 GPAC/PJVA Conference
The 23rd Annual GPAC/PJVA Conference will be held on Wednesday, November 2 at the Petroleum Club. The theme of this year’s conference is “The Road to Recovery”. The conference committee is securing speakers from industry, media, and academia to talk about downturns in oil & gas industry and how to prepare for the next upswing.
The keynote speaker has already been confirmed. We are pleased to have Ian MacGregor, President, Chief Executive and Board Chairman with North West Upgrading Inc., and Enhance Energy Inc. Ian will provide details on the $8.5 billion refinery being built by NW Upgrading in Sturgeon County (45 km northeast of Edmonton) as well as Enhance Energy’s project to build the world’s largest carbon capture and storage project using CO2 for enhanced oil recovery.
As usual the conference will be a one-day event. Breakfast, lunch, and a post-conference networking social will all be included in the admission fee. Exact costs for admission and sponsorships will be finalized by the conference committee by Q2. Early rates will be offered to encourage our members to attend what will be another educational day.
March Lunch 'N Learn
Development of an Industry Model Pad Site Sharing Agreement
| Date: | Tuesday, March 15, 2016 |
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| Time: | 11:15 AM - 1:00 PM |
| Location: | The Calgary Petroleum Club
319 - 5 Ave SW |
Industry is increasingly drilling from shared well pads where wells or facilities are not held in common interests. This has created a need for an industry pad sharing agreement to manage both the shared surface rights and the related shared facilities serving the pad wells. How can the rights of the Operator and Joint Operators under the respective Joint Operating Agreements be balanced with the needs of the single pad site Operator?
A joint PJVA-CAPL task force is developing a model well pad sharing agreement to strike such a balance for the typical pad site. Join us to learn about the current vision to issue an initial draft of the document to industry in early April.
Click here to Register!Early Morning Session - March, 30th 2016
CO&O Update Part 2 - Specifications, Measurement & Allocation
| Date: | Wednesday, March 30, 2016 |
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| Time: | 8:00 AM - 9:30 PM
Doors open at 7:30 AM |
| Location: | The Petroleum Club
319 - 5 Ave SW McMurray Room |
Come early and network one on one!
Click here to RSVP!This session on the new CO&O model will discuss Appendices 7, 8 and 9: Specifications, Measurement and Allocation. Many disputes arise from the improper application or lack of clarity and understanding of the inlet specifications and the application of allocation programs.
PJVA Pub Networking Night
| Date: | Thursday, May 17, 2016 |
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| Time: | 3:30 PM - 7:30 PM |
| Location: | Palomino Smokehouse |
Non-members and students welcome, a great way to network with others in the industry. So come join us for a great night outside of the office!
Mini Information Session
The mini info session for the Pad Sharing Agreement is scheduled for May 4, 2016 from 8:00 am - 11:00 am at the ConocoPhillips Auditorium. Presenters include Michael Bruch, Lorraine Grant and Jim MacLean.
| Date: | Wednesday, May 4, 2016 |
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| Time: | 8:00 AM - 11:00 AM |
| Location: | ConocoPhillips Auditorium |
Upcoming Events
March 15, 2016 - CAPL March Lunch 'N Learn
March 17, 2016 - Pub Night - St. Patty's Day
March 23, 2016 - PJVA Luncheon
March 30, 2016 - Early Morning Discussion
May 4, 2016 - Mini Information Session
Social Media
@PJVA
Member Benefits
Don’t forget to check out the Resources link of the website for Member Benefits.
PJVA was incorporated in 1985 to represent individuals and organizations involved in petroleum joint ventures. JVViews is published to keep members informed about upcoming PJVA and industry events, courses and seminars offered and/or sponsored by PJVA and current projects being facilitated by the Association.