Basics of Midstream – Gathering, Treating, Compressing and Delivery
The Balancing Act of Midstream – Capacity
Production in (Supply of Product) – Processing – Transportation – End User Demand
Why Process the Gas?
The Basics of Hydrocarbon Molecules and their End Products – Natural Gas, NGLs (Methane, Ethane, etc.), LNG, LPG, Condensate, Crude Oil,
The Basics of Measurement of Hydrocarbons – Gas and Liquid - Volume and Analysis
Following the flow of the Molecules for Gas Gathering, Treating and Processing, and delivery of Residue Gas and Natural Gas Liquids through Fractionation
Component Balancing – Keeping Track of the Flow of Molecules for Gains and Losses and for Ownership
Basic Allocation and Accounting of Gas Gathered, Processed, Purchased and Sold
Types of Contracts – Purchase or Process – As viewed by the Processor and by the Producer
Percent of Proceeds/Production
Gathering/Processing – Fee
TIK – Take in Kind
Allocations – Application of Simple Math
Basics of Allocations
Choice of Allocation Basis
NGLs, Fuel, Lost and Unaccounted, Residue
Basic Economic Analysis of Processing through a Gas Plant or Fractionator
Deeper Aspects of Measurement and the Use of Systems
Dan Hodgson, CPA, Accounting Manager, Stakeholder Midstream, LLC
Dan Hodgson is the Accounting Manager for Stakeholder Midstream, LLC., a midstream oil and gas company that provides in-field natural gas gathering, compression, treating, and processing services in the United States. Dan currently focuses on accounting and analysis for oil and gas midstream transmission.
Mr. Hodgson also currently serving on the COPAS APA Board of Examiners and serves as the Chair of the COPAS Midstream/Downstream Subcommittee. Dan Hodgson works to assist management in making significant sound decisions and to raise the standard of Gas Plant and NGL accounting by leading and passing on knowledge and understanding.
Dan Hodgson, CPA
BBA Accounting – University of Houston
MS Accountancy – University of Houston Clear Lake
Texas Licensed CPA
COPAS – Accredited Petroleum Accountant
COPAS – Current Chair of the Midstream/Downstream Sub Committee
COPAS – Currently Vice-Chair of Board of Examiners for Accredited Petroleum Account Program
35+ Year Experience with Midstream Accounting
We will be using Microsoft Teams to facilitate your participation in the upcoming event. You do not need to have an existing Teams account in order to participate in the broadcast – the course will play in your browser and you will have the option of using a microphone to speak with the room and ask questions, or type any questions in via the chat window and our on-site representative will relay your question to the instructor.
IMPORTANT NOTE: After November 30 you will not be able to join a Teams meeting using Internet Explorer 11. Microsoft recommends downloading and installing the Teams app if possible. You may also use the Edge browser or Chrome.
You will receive a meeting invitation will include a link to join the meeting.
Separate meeting invitations will be sent for the morning and afternoon sessions of the course.
You will need to join the appropriate meeting at the appropriate time.
If you are using a microphone, please ensure that it is muted until such time as you need to ask a question.
The remote meeting connection will be open approximately 30 minutes before the start of the course. We encourage you to connect as early as possible in case you experience any unforeseen problems.
EUCI has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET). In obtaining this accreditation, EUCI has demonstrated that it complies with the ANSI/IACET Standard which is recognized internationally as a standard of good practice. As a result of their Authorized Provider status, EUCI is authorized to offer IACET CEUs for its programs that qualify under the ANSI/IACET Standard.
EUCI is authorized by IACET to offer 0.6 CEUs for this course.
PowerPoint, Lecture, Discussion, Q&A
Requirements for Successful Completion of Program
Participants must log in each day and be in attendance for the entirety of the course to be eligible for continuing education credit.
Who Should Attend
Accountants, managers, directors, book keepers, administrators