Memorandum
TO:
FROM:
DATE:
SUBJECT: DFU’s Revenue Accounting in the Oil and Gas Industry—Seminar Critique
Having been in the oil-and-gas industry for two years, I was already familiar with much of what the April 23-24 DFU’s Revenue Accounting seminar covered. I did profit, however, from the instructor’s discussions of the Windfall Profits Tax and NGPA.
In the future, I recommend we send only those who have had less than one year’s experience in the industry. If we have as many as six persons who need this basic training, I’d suggest contacting DFU directly (373-467-1234) to arrange the course in-house for a cost of approximately $2,700 versus outside attendance at $425 per participant.
The presentation involved thought-provoking analysis of specific job assignments and well-organized lectures covering the basic revenue accounting functions both in gas and oil. The instructor, Wayne Hew, provided class sets of various government publications so we could follow along directly as he made application. Mr. Hew seems very knowledgeable in the revenue accounting field with 18 years’ experience at Ryan Corporation and three years with the DFU Continuing Education Department. Articulate and receptive to questions from the group, he made specific on-the-job applications yet never let the discussions ramble.
For an extensive list of his course topics, see the attached brochure.
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