Trick or

Treat!

What will the best dressed Board of Directors be wearing tonight Dearie??

Watch for your PASPB Board tonight!

2006 Fall COPAS Convention

Grapevine, TX

The COPAS ConventionThe Council and the majority of the committees only meet at the Fall and Spring Convention.

Meetings start Tuesday with the Board of Directors, APA Exams and the Leadership Dinner.

National Committees meet Wednesday – Thursday.

The Council meets Friday morning.

The COPAS Convention A Reception is generally held Wednesday night.

Sightseeing tours and shopping events are usually available for spouses.

A banquet is traditionally held on Thursday night.

Fall 2006

Council Meeting Revenue

Joint Interest Education

Audit Small Oil & Gas

Emerging Issues Financial Reporting

Midstream/Downstream Leadership Dinner

Kudos – First time we have had total coverage in quite some time!!

Joint Interest

• Field Office Expense Document Failed by 1

• Used Equipment % will remain at 75/65/50

• Materials Subcommittee Vice-Chair

• MFI 38 Materials Pricing Document

• MFI 28/29 Controllable Material Listing

• Remote Control & Monitoring Center Project

• Update on Catastrophe Cost Project

• New APA Technical Development Team

Audit

Audit position open on CEPS Control PanelDiscussed EI Summer meetings

Update of AG 19 Addendum for Electronic Media

Emerging Issues

The new and improved “CEPS” January 2007 – web based No more CD’s Subscription cost: $600 individual or

$3000 network 2005 & previous data not available on new

program

* Save old CD or purchase one!

Education Committee

CPE Requirements for use with COPAS #Committee checklistsSign-in SheetsCertificates

Education Day ToolkitSpeaker Topic ListTR-9 Educational Training Guide Update

Small Oil & Gas Companies

Permitting Issues in Urban Areas – Gilbert Horton, Devon Energy

Where is my Landman? – Shari Hodges, Myco Industries

o Provided lists of items to consider in communication between landman and accountant

Revenue

Texas Severance Tax Rewrite ProgramState Legislative UpdatesMMS Issues

Margie Barlow will host our Revenue meeting immediately after we adjourn today in room #7. She has handouts and plenty of information!

Midstream/Downstream

Refining Capacity Presentation – Betty Ann

Tomlinson & Carle Castleberry with Conoco-

Phillips Measurement Presentation – B. Schack of

Enogex. Presentation highlighted Ultrasonic

Meters and Heated Composite Samplers Gas Plant Accounting Procedure Project on

hold

Council Meeting

• 21 Societies present out of 23 total• Membership stands at 2912 members• New Directors for 2007 are Karla Bower of Houston,

Lynn Boyer of Fort Worth, and Sandra Hoggard of San Antonio

• Members of the 2007 Nominating Committee are Spence Garner of Fort Worth, Kern Goss of Houston, and Kathleen Sheets of Dallas

• Howard Blunk is chairing the Electronic Document Review Special Committee

• APA Exams available to take via computer in 2007• Jeff Alcott awarded Bob Wilkinson of Tulsa the Eagle

Award for his outstanding service over the last year. • Outgoing committee chairpersons were recognized

including Brenda Thompson (Education), Marvinette Ponder (Revenue), and Jane Schulte (Small Oil & Gas)

Council Meeting

• Voting Items Approved 2007 Employee Benefits Upper Limitation of

33% 2007 Used Equipment Survey Percentages

75/65/50 MFI 12 – Premium Priced Material Penny Parten replacing Bob Wilkinson on Board

effective 01/01/07

• COPAS is interested in revamping website and

open to suggestions

2006 Fall COPAS Convention

Grapevine, TX

Happy

Halloween !