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CHINOOK Volume 20, Issue 1 Newsletter of the Chinook-Calgary Section September 2017
AACEI Chinook-Calgary Newsletter – September 2017 1
President’s Message
Welcome everyone to the 2017/2018 season of AACE Calgary Chinook section. I can’t believe how fast the summer has flown by, and I hope this newsletter finds everyone refreshed after spending some much needed family time away from work and school, enjoying the glorious summer weather.
I am honored to hold the President role this year, and together with my peers, we are working hard to deliver a jammed pack season of fresh, new, and innovative topics & workshops to the membership.
This past June I had the pleasure of representing Chinook Calgary section, attending the AACEI’s annual conference in Orlando, Florida. It was great to share conversation, ideas, and brainstorm with my peers ways in which we can help our global membership gain the most out of what AACE has to offer. What I was able to gain was insight into what other sections are doing to help their local members learn and grow.
As many of you know, oil prices are forecasted to remain low, and that is having a negative impact to both our Calgary economy, but also to those all-important jobs for our membership. Our main focus for the upcoming season is to ensure we are providing the tools, information, workshops, and networking that will provide you, our members, avenues in which to not only build your technical skills but hopefully provide you with opportunities to connect, share, and build new professional relationships across the Calgary job sector.
Our work over the summer has been building out a strong Technical Dinner meeting series, looking for new and exciting topics that bring fresh conversation and topic areas that are outside of our historical Oil and Gas features.
AACEI Chinook Calgary section has always been run on the philosophy of “by the members, for the members”, and this year is no different. Please continue to engage with us, reaching out to myself or other board members with feedback and suggestion on how to keep improving and enhancing the performance of our section.
In closing, I am excited about the program we have put together this year, and I look forward to seeing all of you at the upcoming events, starting with our September Dinner Meeting on Wednesday, September 20th (more information on page 4, including date, time, and registration information)
Eileen Doonan
President, AACEI Chinook-Calgary Section [email protected]
Eileen Doonan President, AACEI Chinook-Calgary
Section
CHINOOK Volume 20, Issue 1 Newsletter of the Chinook-Calgary Section September 2017
AACEI Chinook-Calgary Newsletter – September 2017 2
WHAT is AACEI Chinook-Calgary?
The Chinook Calgary section was founded in 1972. It currently has close to 850 members from a wide range of companies in and outside of Alberta. Our members are involved in all aspects of estimating, cost control, planning, scheduling, contract management and project management.
Members receive the Cost Engineering Magazine, discounts on books and publications from AACEI Headquarters and access to contents on the AACEI website.
This local newsletter is issued regularly and members are encouraged to submit articles or notices for publication.
Contact Us: Our Web Page at: http://www.aaceicalgary.org AACE International: http://www.aacei.org/
Or any of the contact points on the President’s Team Below!
Left to right (Standing): Shahid Alikhan, Paul Bouzanne, Donna Kainth, Cindy Hands, Veronica Tafich, Annette Bos, Zulfi
Halepota, Shahzad Anjum, Anna Tremblay, Aigerim (Aika) Dossanova, Bruce Predham Left to right (Sitting): Alya Al-Naimi, Imran Wyeen, Mustansir Raj, Eileen Doonan, Jeff Young, Bindu Amin , Roseanne
Overland, Brandi Davis Not pictured: Justin Wang, Farooq Ahmad
CHINOOK Chinook-Calgary Section September 2017
AACEI Chinook-Calgary – September 2017
3
President’s Team 2017-2018 Chinook-Calgary Board of Directors
Position Name Section Email Phone Number
Officers
President Eileen Doonan [email protected] 403-296-6298
Vice-President Jeff Young [email protected] 403-401-6447 cell
Treasurer Imran Wyeen [email protected] 403-473-6544
Secretary/Coordinator Brandi Davis [email protected] 403-296-6684
Past President Bindu Amin [email protected] 403-298-7010
Directors
Membership/Facilities Anna Tremblay [email protected] 403-648-7069
Scholarships & School Liaison Donna Kainth [email protected] 403-998-6239
Certification Mustansir Raj [email protected] 403-483-6547
S&K Workshop Bruce Predham [email protected] 403-296-3453
Communications Shahid Alikhan [email protected]
403-861-0517
Technical Dinner Meeting Zulfi Halepota [email protected] 403-991-8589
Directors at Large
Pay Pal Coord Annette Bos [email protected] 403-829-3106 cell
Membership/Facilities Veronica Tafich [email protected] 403-516-1444
Scholarships Roseanne Overland [email protected] 403-296-4555
Certification Farooq Ahmad [email protected] 587-226-0037
S&K Workshop Shahzad Anjum [email protected] 403-975-8231
Publicity/Communication Paul Bouzanne [email protected] 902-220-1957
Tech Meeting/Seminar Justin Wang [email protected] 403-837-8888
Publicity/Website Alya Al-Naimi [email protected] 403-919-8637
Director at Large Aigerim (Aika)
Dossanova [email protected] 403-689-0030
Director at Large Behmanesh Sharif [email protected] 403-903-0475
Advisor Cindy Hands [email protected] 403-920-3143
CHINOOK Chinook-Calgary Section September 2017
AACEI Chinook-Calgary – September 2017
4
DINNER MEETING ANNOUNCEMENT Wednesday – September 20, 2017
Topic: Impact of Cost Estimates in Acquisitions and Divestitures Evaluations
Presenter: Cliff Johnson, BComm
Presentation Topic:
Cost estimates play a key role in evaluating oil and gas assets throughout the commodity cycle. Many of the resource
plays in the Western Canada Sedimentary Basin (WCSB) have material Driling and Completion (D&C) costs which
require cost estimates that are well understood and supportable to establish value in the Acquisitions and Divestitures
(A&D) market. Relatively small changes in capital costs can have a material impact on fundamental valuation.
Predicting future costs can often be difficult in immature plays as companies move from resource delineation to full
field development with continuous operations. Operators continue to evolve their completion design (lateral length
and frac size) in order to find the optimal balance between cost and deliverability. Full cycle economic evaluation
also requires supportable facility / infrastructure cost estimates. Other challenges to evaluation include forecasting the
“claw back” of cost reductions by the service companies as the industry rebounds and lack of availability of historical
costs in public data for other operators.
Presenters Bio:
Cliff has 14 years of industry experience working in investment banking and A&D. He spent 8 years at Tristone
Capital / Macquarie in investment banking and A&D. He then went on to be one of the founding partners of Altacorp
Capital’s A&D business. In 2014 he joined BMO Capital Markets and is currently a Director in their A&D group with
a focus on economics. He has been involved in over $35BN of transactions in his career.
Cliff holds a Bachelor of Commerce with Distinction from the University of Calgary.
Location & Time
Delta Hotel Calgary Downtown (209 4 Ave SE, Calgary)
Cocktails 5:30, Dinner 6:00, Meeting 6.45 pm
MENU: B U F F E T !
Registration
Please register online at our website: www.aaceicalgary.org through PayPal System, no later than
Mid-day Monday September 18, 2017. If you cannot register through Pay Pal, email to
.
WHO IS INVITED? Cost analysts, cost engineers, estimators, planners & schedulers and project managers. Also, practitioners or professionals of
any and all levels with an active interest in project costs, execution, construction management, contracts management,
estimates, schedules and project management
CHINOOK Chinook-Calgary Section September 2017
AACEI Calgary Chinook Newsletter – September 2017 5
JOB POSTING
Please fax / email resume to: [email protected]
CHINOOK Chinook-Calgary Section September 2017
AACEI Calgary Chinook Newsletter – September 2017 6
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ADVERTISING
Space is available in the AACE Calgary Chinook Newsletter for advertising, subject to size and content Fees: $300 for full page, $150 for half page
Proceeds from advertising support the AACE International Chinook-Calgary Section Scholarships Please contact Jeff Young at [email protected]
CERTIFICATION IS ONLINE NOW! For further info please go to www.aacei.org
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