PICPA Marcellus & Utica Shale Conference

Hear an industry update on the latest tax, accounting, and regulatory issues and challenges related to Marcellus & Utica Shale.

GENERAL SESSIONS

7:50 a.m. Breakfast, Networking, and Check-in

8:15 a.m. Greetings from PICPA Leadership

8:30 a.m. Marcellus Resilience (1-Other)

David J. Spigelmyer

President

Marcellus Shale Coalition

Market fluctuations and capital investment in the Marcellus and Utica plays

Impact on the world stage

The road ahead: maintaining a competitive playing field for investment

Current issues and opportunities

9:20 a.m. Federal Tax Update (1-Tax)

Robert "Butch" Rogers, CPA, MST

Program Leader

Nichols Patrick CPE Inc.

New federal tax laws that apply to oil and gas operators and landowners

Latest court cases, IRS rulings, and administrative procedures for producers, investors, and royalty interest owners

How oil and gas producers should apply repair regulations

10:10 a.m. Refreshment Break

10:25 a.m. The Evolving Landscape of Pennsylvania Oil and Gas Royalty Disputes (1-Tax)

Nathaniel I. Holland

Member

Steptoe & Johnson PLLC

This presentation will focus on the evolving law of oil and gas royalty disputes.  Emphasis will be placed on lawsuits focused on accounting and post-production expenses that are the center of many lawsuits.

“Attend this session and learn ….”

1.       To identify the different types of leases and the royalty clauses associated with each such lease

2.       The current state of the law on accounting lawsuits over royalties; and

3.       The different type of post-production costs that are traditionally deducted

11:15 a.m. Avoiding the Family Feud: Estate and Gift Tax Tips (1-Tax)

Elizabeth A. White, JD

Attorney

Marshall Parker & Weber LLC

Gifting implications to consider for the transferor and their family

Estate and gift tax planning in conjunction with long-term care planning

How to equalize (or purposefully not equalize) gifts and distributions within a family

Considerations of methods to control assets after death

12:05 p.m. Lunch Break

Sponsor: Northwest Savings Bank

1:00 p.m. Tax Traps: Don’t Get Caught (2-Tax)

Charles L. Potter Jr., CPA, JD

Shareholder

Buchanan Ingersoll & Rooney PC

Tax efficient ways to structure oil and gas ventures for investors, land owners, service providers, and operators

Avoiding common tax traps

2:40 p.m. Refreshment Break

2:55 p.m. Advanced Oil and Gas Royalty Management: Beyond the Basic Math (1-Tax)

Bud Shuffstall

Senior Divisional Vice President - Oil, Gas, and Mineral Division

Northwest Savings Bank

Identifying and interpreting the legal documents required to verify royalty payments

Common causes of underpayment of royalties

Spotting hidden deductions

Managing “wet gas” royalties: special consideration

How oil and gas payment discrepancies are resolved

3:45 p.m. Q&A Panel (1-Tax)

Moderator:     John M. Dagnon, MBA, CPA/ABV, CFF, CVA

                        Individual Practitioner

Panelists:      Robert "Butch" Rogers, CPA, MST

Program Leader

Nichols Patrick CPE Inc.

Charles L. Potter Jr., CPA, JD

Shareholder

Buchanan Ingersoll & Rooney PC

Bud Shuffstall

Senior Divisional Vice President - Oil, Gas, and Mineral Division

Northwest Savings Bank

Jane L. McCurdy, CPA, MT

Revenue Fiscal Analyst Supervisor

Pennsylvania Department of Revenue

Jeffery S. Snavely, JD

Deputy Chief Counsel

Pennsylvania Department of Revenue, Office of Chief Counsel

Get answers to your most pressing questions about tax and operational issues

Bring your questions with you or e-mail them ahead of time to education@picpa.org

4:35 p.m. See You Next Year

Basic Course Information

*State Legislative Update *Marcellus Resilience *Federal Tax Update *The Evolving Landscape of Pennsylvania Oil and Gas Royalty Disputes *Avoiding the Family Feud: Estate and Gift Tax Tips *Tax Traps: Don’t Get Caught *Advanced Oil and Gas Royalty Management: Beyond the Basic Math *Q&A Panel