Essential insights into how best to guide an energy sector acquisition or divestiture through Canada’s oil and gas regulatory process will be provided during a new e-learning course in March.
Mark Taylor, Alanda Allum, Rob Cruickshank and Jeff Schatz – experts on Canadian upstream oil and gas and all former Alberta Energy Regulator employees – will teach the course.
“What you're going to learn are tactics that will save time and eliminate wasted effort,” said Taylor, principal at Taylor Energy Advisors in Calgary. “It’s about creating a win-win. There’s no magic play sheet. We’re not going to tell you how to shortcut the system or pull a fast one on a regulator. Instead we’ll give you tactics that we have seen work over and over for dozens of companies and for regulators across western Canada.”
The course – Navigating the energy regulator when conducting acquisitions and divestitures – is ideal for A&D professionals within oil and gas companies and in related sectors, such as banking, investment and land management.
Participants will assess how regulatory needs, ESG and policy awareness are integral when considering deals in upstream exploration, production or midstream markets. Developing and implementing a post-transaction liability management plan will be covered too.
Taylor is an expert in Canada’s unconventional resource sector. He’s worked in upstream oil and gas for 30 years including at AMOCO and the Alberta Energy Co., which later became Encana Corp. In 2014, he moved to the Alberta Energy Regulator where he spent five years.
“A lot of what we’re teaching in this course is that ability to share the perspective from both sides of the playing field – the producer and the regulator,” said Taylor. “That'll really allow people to have some ‘aha’ moments that there's a lot of benefits that don’t actually come with a lot of incremental work.”
Jeff Schatz added: “The single opportunity that makes this course a ‘must attend’ is the chance to have a one-on-one conversation with our panel during the training. We’ll answer specific regulatory questions and be able to provide our unfiltered regulatory advice.”
During his 16-year career at the AER and his time at Exxon Mobil, Schatz gain vital knowledge of oil and gas regulations. The course will shine a light, he said, on how to navigate the regulator to balance business and public policy.
While the course is primarily focused on A&D, many lessons will be applicable to all dealings with oil and gas regulatory frameworks within North America. The team wants to share its knowledge and expertise to assist companies identify both regulatory risks and opportunities, in an effort to save both time and money.