asa houston chapter’s 9th annual · business and personal tax, audit and attestation, and...

HOUSTON 2019 ENERGY VALUATION CONFERENCE

ASA Houston Chapter’s 9th Annual Energy Valuation Conference

Thursday May 2, 2019

10 hours Continuing Education or CPA Credit

Attend in person registration: http://www.appraisersofhouston.org/home/energy_valuation_seminar

Live Webcast registration: https://www.bvresources.com/events/asa-energy-valuation-conference

Federal Reserve Bank of Dallas – Houston Branch, 1801 Allen Parkway, Houston, TX 77019


NATURAL RESOURCES Our extensive value portfolio spans the energy value-chain: 87,000 directly-held mineral acres located primarily in Texas and Louisiana; 80,000 acres of timberland that funded Rice’s initial campus construction; and allocations to numerous private equity energy funds and several joint ventures. FIXED INCOME This is the primary funding mechanism of the University and serves as a reliable source of cash income.

PUBLIC EQUITY Considered the growth engine of the endowment, public equity is Rice’s largest allocation and is actively managed with diverse global exposure. More than 75% of our public equity allocation is with relationships developed over a decade ago. REAL ESTATE Cash flow plus long-term appreciation are our goals. We invest in directly-owned real estate assets such as Rice Village, an urban retail district nearby campus; funds with a proven value bias; and programmatic JVs with skilled operating partners.

PRIVATE EQUITY / VENTURE We align ourselves with long-term, research-driven partners. In addition to third-party managed funds, our program consists of directly-held operating businesses and co-investment assets. HEDGE FUNDS / OPPORTUNISTIC Hedge funds provide effective ballast against market volatility and Rice’s equity-oriented investments. Our portfolio has a range of strategies, including multi-strat, event-driven, distressed, and long-short.

Investments.rice.edu 713.348.6065 | [email protected]

6100 Main Street, 204D Lovett Hall, Houston, Texas 77005

33%

16%12%

10%

7%

16%

6% Publicly Traded Equities

Venture Capital & Private Equity

Real Estate

Fixed Income & Cash

Hedge Funds

Natural Resources

Opportunistic

[DIAMOND SPONSOR] RICE MANAGEMENT COMPANY

SUPPORTING RICE THROUGH ENLIGHTENED STEWARDSHIP

Our Mission Rice Management Company (RMC) provides fiduciary oversight of Rice University’s endowment, valued in excess of $5 billion, and is ranked in the top 20 endowments of private research universities (by market value) in the US. Our mission is to be a stable source of funding for current operations, and to preserve and grow the purchasing power to benefit future generations of students. We manage asset allocation, the selection and termination of investment managers, performance monitoring, and reporting to the RMC Board of Directors. We primarily utilize external investment managers, and invest globally across all asset classes.

RMC’s private investment holdings by concentration

ASSET ALLOCATION As of 6/30/2017

[DIAMOND SPONSOR - $2,500]


[PLATINUM SPONSORS - $1,500]

Natalie Zamora [email protected] Andrew Seijo, ASA [email protected] Leah Pollard, ASA [email protected]

Nationwide Machinery and Technical Specialties Appraisal Company and Asset Consulting Firm With locations in Miami, Atlanta, and Houston, Landmapp has provided clients nation-wide with machinery and equipment appraisals specializing in the ad-valorem field for over 30 years. Other appraisal types include financing, mergers, insurance value, leasing, IRS and estate. Our services include USPAP compliant valuations, expert witness testimony in Federal Court, State Courts, County Courts and at Ad-Valorem hearings. VALUATION Landmapp offers a unique variety of appraisal services to meet your needs.

INVENTORY Landmapp is a leader in Inventory Valuation for Manufacturing, Distribution & Retail.

RESEARCH Shaping the Appraising Community with the latest Market Information by gathering market data information.

OBTAIN THE TRUE VALUE Appraisers, Lenders, Leasing, Ad Valorem Tax Professionals, Insurance Cos, Buyers-Sellers, Owners,

Accountants, YOU! PTRS has developed depreciation schedules which estimates the decline of the subject's value over time. This provides our customers with Fair Market Value that is credible and based on methodology developed by the American Society of Appraisers and the IAAO according to Uniform Standards of Professional Appraisal Practices. Nearly all equipment depreciation tables used today are based on survival studies and do not account for obsolescence found in equipment. PTRS Depreciation Schedules are based on economic useful life, which estimates all forms of deprecation found in any equipment type (physical, functional, and economic).

PTRS EQUIPMENT DEPRECIATION SCHEDULES Based on thousands of new & used sales and over 30 years of experience determining the value of equipment and machinery, PTRS has a meticulous method of data collection that we are now opening to the marketplace. Thousands of data points and growing. The PTRS database contains machinery and equipment, covering 32 market segments, with new market segments items added yearly.

We are Your M&E Partners

www.yourptrs.com 786.382.0519 [email protected]

4855 Riverstone Blvd, Ste. 100 Missouri City, TX 77459

www.landmapp.com

281.815.4977

[email protected]


[GOLD SPONSOR - $1,000]


What We Offer

Why Stout?

Fair Market Value Opinions (Tax & Bankruptcy)

Fair Value Opinions (Financial Reporting)

Fairness Opinions

Upstream s Mineral & royalty properties (producing & non-producing)s Working or leasehold interests (operated & non-op)

s Recognized as a thought leader in oil & gas valuations Consistently recognized as one of the top U.S. fairness opinion providers1

s Dedicated petroleum engineers Broad experience base with public and private entities located throughout the U.S. and internationallys Credentialed staff with relevant valuation experiences Offices in Houston, Dallas, and Denver provide access to key industry resources and clientss Access to leading energy industry databases & information servicess Extensive testimony experience

E N E R G YV A L U A T I O N & T R A N S A C T I O NS E R V I C E S

M&A Advisory and Capital Raise

Midstreams Gathering & producings MLPs

Downstreams Refining & distributions Petrochemicals

1Based on the total number of deals reported by more than 20 companies since 2012 in the Thomson Reuters Mergers and Acquisitions Review. Individual yearly rankings:

2017 (2), 2016 (3), 2015 (2), 2014 (1), 2013 (3), 2012 (1)

stoutadvisory.com

Investment Banking | Valuation Advisory | Dispute Consulting | Management Consulting1000 Main Street, Suite 3200, Houston, TX 77002

Oilfield Services& Equipment




LAURIE-LEIGH WHITE CPA*/ABV, ASA Partner Direct 713.457.3132 Mobile 832.904.5477 [email protected]

JESUS RIOS, JR. CPA* Vice President Direct 713.457.3128 Mobile 713.410.0607 [email protected]

OUR FIRM

Founded in 1974, BVA Group is a nationally recognized litigation, valuation, and financial advisory firm. BVA professionals have experience in Big Four accounting, investment banking, and strategy consulting. BVA has valued business interests ranging from small family-owned businesses to multinational corporations valued in the billions, and evaluated damages in litigation matters ranging from small commercial disputes to conflicts with over $25 billion at stake. BVA professionals have testifying experience in a wide variety of jurisdictions including federal district courts, bankruptcy courts, state courts, and domestic and international arbitration. OUR SERVICES

Valuation - Transaction Advisory Services - Financial Reporting - Tangible Assets - Gift and Estate Tax - Employee Stock Ownership Plans - Corporate Tax

Dispute and Investigations - Economic Damages - Valuation Disputes - Securities Litigation - Intellectual Property - Antitrust/Competition Economics - Financial Forensics and Investigations

Restructuring and Advisory - Debtor Advisory/CRO - Liquidity and Cash Management - Lender/Creditor Advisory - Trustee/Receivership - Bankruptcy-Related Litigation - Deal Process and Dynamics

OUR CLIENTS

BVA’s clients include Fortune 100 companies, private equity firms and other privately funded enterprises, family-owned businesses, accounting firms, and law firms. Our clients seek our help resolving issues in diverse industries and circumstances, both nationally and globally. Client references are available upon request. bvagroup.com *Although BVA employs CPAs, it is not a CPA firm.


[SILVER SPONSORS - $750]

crowe.com

Laura Edwards Partner +1 214 777 5256 [email protected] Kellie Adkins Managing Director +1 214 777 5289 [email protected]

Crowe Services for Oil and Gas Companies Crowe LLP provides audit, tax, risk, and consulting services. The firm offers assurance, reviews, benefit plan auditing, tax planning and accounting, internal audit, and enterprise risk management services. Additionally, it provides alternative dispute resolution, business intelligence, performance improvement, estate planning, program management, bankruptcy and insolvency, forensic, business management, investment banking, restructuring, and valuation advisory services. The firm caters to food and agriculture, healthcare, construction, financial services, manufacturing, and educational sectors.

Audit Financial statement audits and reviews Employee benefit plan audits Joint venture accounting assistance Agreed-upon procedure projects Technical accounting assistance Initial public offering

Tax Income tax compliance, planning, and consulting & support (ASC 740) Sales and use tax compliance, Merger and acquisition due diligence Entity structuring, dispositions, best practices, Technology solutions

Advisory Due diligence, Merger and acquisition integration planning and execution assistance, Valuations for financial, tax, and business planning purposes, Forensic investigations – litigation, fraud, alternative dispute resolution

opportune.com 713.490.5050

Opportune is a leading global energy consulting firm specializing in adding value to clients across the energy industry, including upstream, midstream, downstream, power and gas, commodities trading and oilfield services.

711 Louisiana Street, Suite 3100, Houston, TX 77002


[SILVER SPONSORS - $750]

www.rsmus.com

713.625.3500 RSM US LLP is a leading provider of audit, tax and consulting services. RSM has valued the assets and operations of many of the largest upstream, downstream, and midstream oil and gas companies, and assets and operations of oilfield services companies.

1330 Post Oak Boulevard, Suite 2400, Houston, TX 77056

713.974.2928

Stewart & Hurst, L.L.C. provides financial forensic and valuation services for corporations, partnerships, individuals and estates. We specialize in expert witness testimony for commercial, criminal and matrimonial litigation. Our team has experience over several economic cycles and across most industries, including oil and gas, retail, wholesale, manufacturing, finance, food, health care, real estate investment companies, technology, transportation, professional services, franchise, and education. Stewart & Hurst, LLC is dedicated to performing this work with a high standard of excellence and professionalism.

1900 St. James Place, Suite 875, Houston, Texas 77056


[STANDARD SPONSORS - $600]

www.davischambers.com

713.552.1333 Davis/Chambers & Company, Ltd. specializes in providing Business Valuations with extensive experience valuing companies in the Oil & Gas Industry from Upstream to Midstream to Downstream. Davis/Chambers provides Business Valuations & Appraisals for numerous purposes including Corporate Tax, Share-Based Compensation, Financial Reporting and Estate & Gift Tax purposes. It also prepares valuations of Intellectual Property. Davis/Chambers provides Fairness Opinions and assists in Mergers & Acquisitions.

5701 Woodway, Suite 200, Houston, TX 77057

www.pkf.com 713.860.1400

PKF International is a global family of legally independent firms with a shared commitment to quality and integrity. It consists of >400 offices in 150 countries, specializing in providing high quality audit, accounting, tax, and business advisory solutions to international and domestic entities. Advisory services include counter fraud services, financial planning, forensic, insolvency, IT consulting, management consultancy, network penetration testing, restructuring & cyber security. PKF also provides assurance, taxation, business solutions & corporate finance.

5847 San Felipe Street, Suite 2600, Houston, Texas 77057

Briggs & Veselka Co. has served emerging middle-market businesses and individuals in the greater Houston area since 1973, and has grown to be the fourth largest independent CPA firm in Texas, with offices in Houston, The Woodlands, El Campo, Austin, and San Antonio. We provide comprehensive business and personal tax, audit and attestation, and advisory services to growing middle market companies, small cap public companies, and individual families and their estates. Our mission is to gain our clients’ ultimate trust and confidence in our work as we continue to foster a legacy of loyalty.

9 Greenway Plaza, #1700, Houston, Texas 77046 __ www.bvccpa.com __ 713-667.9147


[LANYARDS SPONSOR]

CAROL AKERS KLUG ASA.BV CAROL AKERS KLUG provides business valuation services for closely held entities for the purpose of sale of interests, litigation support, dissenting shareholder matters, marital dissolutions, and tax matters (gift & estate). She also provides expert testimony and mediation support. In addition, Carol serves as an industry arbitrator for the Financial Industry Regulatory Authority (FINRA).

[email protected] 713-664-KLUG (5584)

______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ______________________________________________________________

[WEBCAST SPONSOR]


ENERGY VALUATION CONFERENCE COMMITTEE EVC Co-Chair ………………..…. Oliver Warnke, ASA

EVC Co-Chair ……………..……. Carol Akers Klug, ASA

Sponsor Chair ………………..….. Laurie-Leigh White, CPA/ABV, ASA

Federal Reserve Bank Chair Paula F. Lindsey, ASA

Speakers Chair & CFA Liaison Alan B. Harp, CFA, ASA

Speakers ……………………….…… James Herr, ASA

Speakers ………………………..….. Ray T. Garcia, ASA

Speakers ……………………..…….. Jesus Rios Jr., CPA

Speakers ………………..………….. Tim Stuhlreyer, CPA/ABV

Speakers & Marketing ………… Michael J. Morgan, CPA/ABV, ASA

Support ……………………….…….. Atiba Henry

Chapter Treasurer & E-blast Sumeet Sahnan, ASA

Ex Officio, Website ……..…...… Pamela Bensoussan, ASA

Ex Officio, Region 3 E-blast Mark J. Sandler, ASA

Special thank you to our host & in-kind sponsors:

Federal Reserve Bank of Dallas – Houston Branch - dallasfed.org RIOT Creative Imaging – riotcolor.com

Live Webcast Sponsor – BVResources.com Video Streaming / Web Conference Services – Streamcasters.com


DIAMOND

PLATINUM

GOLD

SILVER

STANDARD

LIVE STREAM

LANYARDS

RICE MANAGEMENT COMPANY

Carol Akers Klug ASA.BV

Special Thanks to Our SPONSORS


AGENDA 8:00-8:30 Breakfast & Introduction

8:30-9:30 Derivatives & Hedge Accounting in Energy Chandu Chilakapati, Alvarez & Marsal

9:30-10:30 Midstream Aaron S. Blomquist, Tudor Pickering Holt

10:30-10:45 Break

10:45-11:45 Reserve Definitions Delores Hinkle, Oil & Gas Reserves Committee (OGRC) Emeritus

11:45-12:15 Buffet Lunch

12:15-1:15 Current State of the Oilfield Services Industry

Douglas Stephens, Blackstone Energy Partners

1:15-1:30 Break

1:30-2:30 Oil & Mining Appraisals in Exploration, Development & Production

John Gustavson, Mineral Appraisal LLC

2:30-3:30 Valuation of Ground Water in Permian Basin Gabriel Collins, Rice University Baker Institute

3:30-3:45 Break

3:45-4:45 Tax Issues in the Energy Field Bryant P. Lee, Latham & Watkins

4:45-5:45 Valuation of Power Plants John Ray, BVA Group

5:45-7:00 Cocktail Reception


8:30-9:30 Derivatives & Hedge Accounting in the Energy Sector

Chandu Chilakapati Alvarez & Marsal

Chandu Chilakapati Alvarez & Marsal Managing Director [email protected] Office Phone: 713.547.3647

Chandu Chilakapati is a Managing Director with Alvarez & Marsal Valuation Services in Houston, specializing in fair value of financial instruments and financial reporting related to derivative and hedge accounting, as well as traditional business and asset valuation advisory services. Mr. Chilakapati has provided valuation and risk management consulting services for more than 13 years. During that time, he has provided fair values to corporate clients on thousands of instruments ranging from swaps to exotic options across energy, interest rate and foreign currency underlying markets. He has an energy focus and has delivered valuation reports related to purchase price allocations, stock-based compensation, energy derivative valuations, hedge accounting and tax valuations. ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________________________________________________________________________________________________________________________________


9:30-10:30 Midstream Aaron S. Blomquist Tudor Pickering Holt & Co.

Aaron S. Blomquist

Tudor Pickering Holt & Co. Managing Director, Investment Banking [email protected] Phone: 713.333.7183

Aaron Blomquist is a Managing Director in Investment Banking covering midstream and MLPs. Blomquist was previously a director in the Global Energy and Power investment banking group at Bank of America Merrill Lynch. Prior to that, Blomquist was a vice president in the investment banking division of Evercore Partners. Blomquist started his career at Merrill Lynch as an analyst then associate in their Global Energy and Power investment banking group. Blomquist holds a BS in Finance from Louisiana State University. ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________

10:30-10:45 Break


10:45-11:45 Reserve Definitions Delores Hinkle OGRC Member, Emeritus

Delores Hinkle

Oil & Gas Reserves Committee Member (OGRC) Emeritus [email protected]

Delores Hinkle’s 38-year career in the oil industry finalized with Marathon Oil in 2013, where she served as the Director of Corporate Reserves, responsible for technical accuracy and regulatory compliance of Marathon’s reserve base, for over 10 years. She holds a BS in Petroleum Engineering from the University of Missouri-Rolla, now MS&T, and an MBA from the University of Alaska-Anchorage. She serves as a volunteer with the Society of Petroleum Engineers, and previously served as past chair of the Oil and Gas Reserves Committee (OGRC) where she participated in the development of SPE’s Petroleum Resource Management System, as the Bureau Vice Chair of the UNECE Ad Hoc Group of Experts, and Technical Editor for the Oil and Gas Journal where she is currently a member of the Distinguished Lecturer Committee. Dee was awarded the Gulf Coast Section Reservoir Description and Dynamics Award in 2014 and the Society’s Distinguished Member Award in 2015, and is a member of the Mines and Metallurgy Academy and VP of the Miner Alumni Association. ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

11:45-12:15 Buffet Lunch Break


12:15-1:15 The Current State of the Oilfield Services Industry

Douglas Stephens Blackstone Energy Partners

Douglas Stephens Blackstone Energy Partners Senior Advisor [email protected]

Douglas Stephens is Senior Advisor with Blackstone Energy Partners. Previously, he was President and CEO of Frank’s International, and Baker Hughes, Inc.’s president of the global pressure pumping division responsible for worldwide tubular running and pressure pumping business. Mr. Stephens also held positions of increasing responsibility for over 20 years with Schlumberger Limited, in the U.S., Oman, Italy, Egypt and U.K. He led the Europe, Africa and CIS region before moving back to North America and assuming a wide variety of responsibilities. He has been involved in most aspects of the oil field service industry, including sales, marketing, product development, and executive leadership, and has lived in 10 different countries.

________________________________________________________________________________________________________________________

____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ________________________________________________________________________________________________________________________ ____________________________________________________________ ____________________________________________________________

1:15-1:30 Break


1:30-2:30 Oil & mining appraisals in exploration, development & production.

John B. Gustavson, CMA Mineral Appraiser LLC

John B. Gustavson, CMA Mineral Appraiser LLC Principal 2265 Hillsdale Circle, Boulder, Colo, 80305 [email protected] Ph: 303.818.5992

John B. Gustavson is the principal of Mineral Appraiser LLC., holding MS degrees in both geology and engineering. After an aerospace career, he founded Gustavson Associates, managing twenty engineers, geologists and economists for about thirty years. His firm provided services in petroleum and hard-rock exploration for private and institutional clients around the world. After transitioning from consulting, John has focused on valuation of oil & gas and other minerals in the ground world-wide for the last decade. John has taught and published extensively on mineral valuation. He was the 1991 Founding President of the International Institute of Minerals Appraisers, and acting Liaison Chair of the International Mineral Valuation Committee (IMVAL), which focuses on worldwide mineral valuation standards and definitions. ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________


2:30-3:30 Valuation of Ground Water in the Permian Basin

Gabriel Collins Rice University’s Baker Institute for Public Policy

Gabriel Collins Baker Botts Fellow Baker Botts Fellow in Energy & Environmental Regulatory Affairs [email protected] Ph: 713.348.5939

Gabriel Collins is the Baker Botts Fellow in Energy & Environmental Regulatory Affairs at Rice University's Baker Institute. He was previously an associate attorney at Baker Hostetler, LLP, and co-founder of China SignPost™ (洞察中国) analysis portal. Collins has worked in the Department of Defense as a China analyst and as a private sector global commodity researcher, authoring more than 100 commodity analysis reports, both for private clients and for publication. Collins’ research portfolio is global. His work currently focuses on legal, environmental and economic issues relating to water — including the food-water-energy nexus — as well as unconventional oil and gas development, and the intersection between global commodity markets and a range of environmental, legal and national security issues. His analysis draws from a broad swath of geospatial and other data streams, and often incorporates insights from sources in Chinese, Russian and Spanish. Collins received his B.A. from Princeton University and a J.D. from the University of Michigan Law School, and is licensed to practice law in Texas. ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________

3:30-3:45 Break


3:45-4:45 Tax issues in the Energy Field Bryant P. Lee Latham & Watkins LLP

Bryant P. Lee Latham & Watkins LLP Partner [email protected] Phone: 713.546.7480

Bryant Lee has a complex practice involving U.S. federal income taxation of transactions such as mergers, acquisitions, restructurings, and capital markets transactions. He has a particular focus on business taxation as it applies to partnerships. Mr. Lee regularly advises clients in the energy sector including publicly traded partnerships (PTPs), master limited partnerships (MLPs), corporations, private equity firms, and investment banks. Mr. Lee has been recognized by Chambers USA as an Associate to Watch (2017-2018) and as a Texas Rising Star by Super Lawyers*(2017-2018). Prior to attending law school, Mr. Lee practiced as a Certified Public Accountant (CPA) in the assurance practice of an international accounting firm. ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________


4:45-5:45 Valuation of Power Plants Personal Property Speaker

John Ray, ASA BVA Group

John Ray, ASA

BVA Group Senior Vice President [email protected] 972.244.8345 or 214.926.6029

John Ray is responsible for leading the firm’s tangible personal property valuation practice. For 20 years, Mr. Ray has specialized in the appraisal of personal property and improvements to leased property for financial and tax reporting, ad valorem tax, and insurable value purposes. He has experience in diverse industries, including oil and gas extraction and processing, mineral extraction and processing, petrochemicals, pharmaceuticals, and construction, as well as the electronics, transportation, agricultural, automotive, banking, consumer products, food and beverage, plastics and resins, primary metals, and pulp and paper industries. Mr. Ray has extensive experience valuing equipment used in the mineral, oil and gas, and chemical industries. He has valued mining assets in the precious metals, industrial, and mineral fuels sectors. His work in the oil and gas industry includes the entire supply chain (production, midstream and downstream). Mr. Ray has valued over fifty mineral extraction companies, over one hundred natural gas processing facilities, and over fifty chemical process facilities. ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________

5:45-7:00 Join EVC’s Texas Cocktail Hour at north end of same floor!


ASA HOUSTON CHAPTER Chapter Officers for 2018-2019

President ……………………..………………………….. Walter B. Turville 1st Vice President ……………………..…………….. Steven Hu, ASA 2rd Vice President ……………………..…………….. Horacio Correa, ASA 3rd Vice President ……………………..…………….. David H. DuMay, ASA Secretary …………………..……..……..………………. Pamela Bensoussan, ASA Treasurer ……………………..………………………….. Sumeet Sahnan, ASA

Chapter Directors & Committee Chairs Immediate Past President ……………………..…Elizabeth H. Hurst, ASA Director …………………..……………………………....Scott Miller, ASA Director …………………..……………………………….David Fisher, ASA Director …………………..……………………………….Sharon Graham Meetings & Membership Chair …………………J. David Smith, ASA Website Chair …………………..……..……..………. Pamela Bensoussan, ASA Energy Valuation Conference Co-Chair ….… Oliver Warnke, ASA Energy Valuation Conference Co-Chair …..…Carol Akers Klug, ASA USPAP Course Co-Chair …………………..…..……Walter B. Turville USPAP Course Co-Chair ………………………..…..Steven Hu ASA, CFA Appraisal Review & Management Chair …...Melanie Modica, ASA Business Valuation Chair …………………………..Paula F. Lindsey, ASA Machinery & Technical Chair ………………….…Horacio Correa, ASA Real Property Chair ……………………………….….Richard L. Hurt Jr, ASA Personal Property Chair ……………………….…..Georgie Stillman, ASA Gems & Jewelry Chair …………………………..…..Joshua D. Sandler Region Three Governor ………………………..……Mark J. Sandler, ASA

American Society of Appraisers -- Houston Chapter Houston Chapter Website: www.appraisersofhouston.org

Mail: 7941 Katy Frwy, #428, Houston, Texas 77024


ASA HOUSTON CHAPTER OFFERINGS

Discount USPAP – January Other ASA chapter members may join the Houston Chapter as a 2nd chapter on appraisers.org, pay annual chapter dues, and attend HC’s discount USPAP classes.

ARM.POV 201 & ARM.POV 204 – September & February Contact our HC ARM Instructor to schedule courses: [email protected]

ASA-Education Foundation/Houston POV Scholarship Fund Houston Chapter members may apply for needs based grants to take ASA POV courses from our own scholarship fund administered through ASAEF. Just download a grant application from HQ’s website: appraisers.org Click: Education / Educational Foundation and scroll to the bottom. Contact: [email protected]

ASA-EF/HC Fund [501c3] - Charitable Donations Welcomed If you’ve made a little extra $$ and would like to pay it forward, consider a tax-deductible contribution to ASAEF- Houston POV Scholarship Fund. To donate Cash to ASAEF-HC, just go to HQ’s website: appraisers.org Click: Education / Educational Foundation and scroll to the bottom. Click: online Houston Chapter POV Scholarship Fund. Contact [email protected]

ASA-HC Monthly - Continuing Education Speakers Speakers present at monthly meetings, generally the 1st Thursday at Pappadeaux Seafood Kitchen, 2410 Richmond Ave, HTx from 11:30-1. Earn 1.5 CE hours.

ASA-HC Officer & Director Position Openings If you have a little time, and would like to serve, contact Walter Turville [email protected] or Steve Hu [email protected] or any other officer.

American Society of Appraisers -- Houston Chapter Houston Chapter Website: www.appraisersofhouston.org

Mail: 7941 Katy Frwy, #428, Houston, Texas 77024


DIAMOND

PLATINUM

GOLD

SILVER

STANDARD

LIVE STREAM

LANYARDS

RICE MANAGEMENT COMPANY

Carol Akers Klug ASA.BV

Special Thanks to Our SPONSORS

asa houston chapter’s 9th annual · business and personal tax, audit and attestation, and...

Documents