The Knowledge Nook

NOGS Schools Are Great Energy Programs For Industry Newcomers

Posted by Tami Russell on Aug 16, 2017 3:30:24 PM

Oil and gas industry newcomers, and others re-assigned to new and challenging duties within the industry, have unique access to a wide swath of energy accounting knowledge through participation in the annual National Oil and Gas Schools, coming this fall to Houston and Denver.

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Topics: energy

Major Issues Facing Oil and Gas Accounting Professionals Was Focus of NAPAC 17

Posted by Tami Russell on May 25, 2017 2:17:52 PM

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Topics: energy

Upstream Takes On Unique Meaning in the Energy Industry

Posted by Tami Russell on Apr 25, 2017 6:41:09 PM

Oil and gas industry professionals have a vocabulary that is somewhat unique to their industry.  Upstream, Midstream, and Downstream are three terms that oil and gas industry professionals toss about as they discuss the stages of production, from discovery to delivery of oil and gas.  Terms can be a little intimidating for industry newcomers.

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Topics: energy

Hard Luck Tales Part of Rich History of the Energy Industry

Posted by Tami Russell on Mar 21, 2017 4:07:47 PM

The energy industry has a vibrant history and colorful vocabulary all its own.  PDI’s National Director of Sales Jim Hoffman shares some of that unique info with us here at The Knowledge Nook.

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Topics: energy

The NAPAC Conference - Still Going Strong in Year 44!

Posted by Tami Russell on Feb 14, 2017 1:48:24 PM

PDI is well-known to many as the provider of a number of comprehensive, career-boosting training and education programs.  As we've shared here at The Knowledge Nook, thousands of people have attended PDI’s certificate programs on subjects ranging from private investigations, forensics, and human resources, to dental assisting, medical assisting and billing, and paralegal training.

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Topics: energy, napac

Oil & Gas: Upsteam, Midstream, and Downstream - What's the Difference?

Posted by Tami Russell on Jan 10, 2017 2:35:43 PM

When you’re filling up your car for your daily commute, have you ever wondered what it takes to get the gasoline to that service station? The energy industry releases constant news about discoveries, pipelines and refineries, but how does all that fit into getting that unleaded or diesel into your car?

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Topics: energy

Boom and Bust Cycles Are Well-Known In Energy Industry

Posted by Tami Russell on Nov 22, 2016 2:58:46 PM

The energy industry faces its share of economic ups and downs – the “boom and bust” cycle - that everyone in the business is familiar with, sometimes painfully so.

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Topics: energy

Energy Terminology May Need An Explanation For Those Outside the Industry

Posted by Tami Russell on Aug 25, 2016 6:45:35 PM

Every industry has “insider” words and phrases that only employees in that industry can easily define.  The oil and gas industry is no exception.  However, if you live in an oil and gas producing state, or know someone employed in the energy industry, you may have heard some of these expressions, and wondered what they mean.

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Topics: energy

Energy On-Demand Training Programs Give Participants New Learning Options

Posted by Tami Russell on Aug 23, 2016 2:50:55 PM

The oil and gas accounting and tax industries, like dozens of other industries, rely on a labyrinth of terms and techniques. Within the energy industry, individuals become experts in things like upstream, downstream and midstream operations.  They have to be familiar with terms such as “chicken bombing,” “horsehead,” “light sweet,” and “bubble point.”

It’s no wonder, then, that because of complex rules, regulations, and the colorful language unique to energy, the men and women who specialize in taxation and accounting issues will spend their careers gathering new information as laws, procedures, and even common terminology change over the course of a career.

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Topics: energy

What is Petroleum Accounting?

Posted by Tami Russell on Jul 11, 2016 4:30:48 PM

As with many industries, the oil and gas industry has its share of terminology and factors that make it unique from many other industries.  One of these unique factors is accounting in oil and gas companies.   Review a college course catalog and virtually the only specific industry accounting course you’ll see is Oil and Gas Accounting.  So, why is it so special that it warrants its own course in college curricula?

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Topics: energy

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Learning Is For Life

PDI - The Professional Development Institute of the University of North Texas - is dedicated to your desire to never stop learning!  "The Knowledge Nook," our blog designed to share best practices, trending topics and other tidbits of information, is a tool to help you as you plot your career path. If you have specific questions, blog topic ideas or comments on particular topics, please let us know! We look forward to learning together.

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