International Accounting Development: Oil and Gas Faculty
Afolabi O Arikenbi
Mr. Arikenbi has over 13 years of client service experience in PwC. He has worked extensively in the energy sector with clients with international and domestic operations in natural gas and crude oil exploration and production and oilfield services. For the last several years, he has managed multiple SEC registrants’ and their extensive capital transactions including equity and debt offerings. He has dealt with numerous complex accounting matters on publicly listed clients including business combinations, equity instruments, derivative instruments, asset retirement obligations, suspended wells, discontinued operations, unevaluated properties and manual holdouts, impairment of proved and unproved properties. Mr. Arikenbiwas a contributor to the 7th edition of Petroleum Accounting and has instructed several trainings organized by PwC related to oil and gas related topics.
Mr. Barden is a Clinical Professor and the Director of Undergraduate Accounting Program at the University of Texas at Dallas. John teaches in the Undergraduate Accounting Program, On Line MBA program, the Executive Education program and leads the Business Coaches Program. In addition, John was the Director of the MS/MBA Program at Binghamton University in New York. John is a Certified Public Accountant, Certified Fraud Examiner and a Certified Global Management Accountant. For over 16 years John has worked in public accounting with PricewaterhouseCoopers, and corporate accounting with Gulf & Western and Azon Corporation. He graduated from St. John Fisher College in Rochester, New York with a BS in Accounting in 1983, and an MBA in Finance from Manhattan College in New York City in 1988.
Dale P. Brimer
Mr. Brimer has more than 28 years of experience in the information technology consulting industry, as well as a deep business foundation, to meet the demands of an ever changing world marketplace. Currently, he is the Sr. Program Director in Verizon’s Global Business Services division. Previously, as the General Manager and Director of Operations for the USA Southwest Division of Systèmes d’Entreprise Logique, Mr. Brimer grew business operations from less than $50 million in revenue to more than $720 million; in addition, he implemented efficiency programs that raised profit margins from less than 12% to more than 37%. The key factor contributing to success was Mr. Brimer’s anticipation of the market’s increased perceived value of information security. He implemented training and certification programs, so his division was ready when the market was demanding of such services: FIPS 199-201 (government), HIPAA (healthcare), Sarbanes-Oxley Act (public corporations), and IP/IPSec (mobility, cloud, internetworking and communications). The southwest division encompassed southwestern USA, Mexico, Central America and Colombia. Mr. Brimer holds eight (8) Masters degrees from the University of Texas and two (2) Bachelor degrees from Texas A&M University.
Mr. Castañeda is a manager in the Audit and Enterprise Risk Services practice of Deloitte & Touche LLP. He has extensive experience serving audit clients primarily in the energy and real estate industries. Within the energy industry, Mr. Castañeda has primarily focused on midstream oil and natural gas companies. Within the real estate industry, Mr. Castañeda has primarily focused on hospitality/hotel companies. He is a member of the American Institute of Certified Public Accountants and is licensed to practice in the state of Texas. He is a graduate from Baylor University and is fluent in Spanish.
Theodore E. Day
Dr. Day is Professor of Finance at the University of Texas at Dallas, where he teaches courses in corporate finance and portfolio management. Prior to joining the UTD faculty in 1990, he held faculty positions at Vanderbilt University and at the University of North Carolina. A Certified Public Accountant, Professor Day earned his M.B.A. from the University of Oklahoma and a Ph.D. in Finance from Stanford University’s Graduate School of Business. Professor Day’s research examining the impact of inflation on stock market returns, the term structure of interest rates, analysts’ earnings forecasts and the volatility of derivative asset markets has been published in academic journals such as the Journal of Financial Economics and the Journal of Finance. In addition, he is a co-author of Taxes, Financial Policy, and Small Business, a monograph funded by a grant from the Small Business Administration.
*Andrew B. Derman
Mr. Derman is a Partner and head of International Energy Practice Group for Thompson & Knight LLP and Chairman of Thompson & Knight Global Energy Services. He represents public and private companies and host governments in their strategic design, commercial execution, negotiations, contract preparation, and legal interpretation. Recent experience includes: acquisition and divestment efforts in North America, South America, Europe, Africa, Asia, and Australia; international financing matters; commercialization of natural gas, including LNG and GTL; the full-range of host government contracts and industry contracts, including production sharing contacts, service contracts, operating agreements; offshore platform and construction and installation tenders; lifting agreements; the start-up and winding-up of overseas operations; deep water operations; Foreign Corrupt Practice Act and similar OECD advice; sanction advice; in-house and industry oil and gas seminars; unitizations; transnational pipelines; litigation and arbitration; acting as an advocate, expert witness and as an arbitrator. Mr. Derman was with Oryx Energy Company and Sun Company, Inc. (predecessor of Oryx Energy Co.) for 20 years; he designed and implemented worldwide business/commercial strategies, including acquisitions, divestments, trades, alliances and host government negotiation. In addition, he managed the international exploration program, the technology group, the reservoir administration function, procurement and material management, corporate environmental oversight and the exploration and production planning function. Education: Insead Advanced Management Program, Fontainebleau, France (1991); Temple University Law School, J.D. (1978); Law Review (1976-78); National Moot Court Advocate (1977); New York University, B.A. (1974); Justinian Honor Society; graduated at age 20. Admitted to and a member of the State Bar of Texas, Pennsylvania and New York. Board certified by the Texas Board of Legal Specialization in the field of Oil, Gas and Mineral Law. He has an AV Rating by Martindale-Hubbell. He is a frequent speaker at conferences and universities worldwide and has published five books and more than 50 articles.
*Peter D. Gaffney
Mr. Gaffney, a chartered engineer and geologist, is a graduate of the Royal School of Mines, Imperial College, University of London. Previously with Gaffney, Cline and Associates, an international petroleum management and technical advisory firm, of which he was a founding partner he is now an independent adviser to the industry. He has worked in most of the world’s petroleum provinces and focuses on strategic management issues and the integration of surface and subsurface operations. A former president (1996) of the Society of Petroleum Engineers, he is also a fellow of the Geological Society, the Institute of Energy, the Institute of Gas Engineers and the Institute of Data Processing and a member of the American Association of Petroleum Geologists.
Mr. Green is a Partner with Ernst & Young, LLP and is responsible for International Accounting and Auditing Issues in the Dallas, TX office.
*Charles F. Hazzard
Mr. Hazzard is the retired executive vice president–administration for Occidental Chemical Corporation (OxyChem). He was responsible for human resources, public and government relations, and key productivity improvement initiatives for Occidental Petroleum’s (Oxy)chemical operations. Mr. Hazzard joined OxyChem in 1983 as senior vice president-administration along with Dr. Ray R. Irani (Oxy Chairman and CEO for 21 years until 2011), having left Olin Corporation, to help turn OxyChem profitability around. At Olin for ten years, Mr. Hazzard was vice president-human resources and administrative services and held a number of managerial positions with Olin, Citicorp and Ford in compensation, benefits and employee relations. He holds a B.A. degree from the University of Notre Dame and an MBA from the Wharton School of Business at the University of Pennsylvania. Mr. Hazzard is currently a Clinical Professor and Director of the Center for International Accounting Development at the UT Dallas Jindal School of Management. He holds the 2010-2011 President’s Outstanding Teaching Award for UT Dallas.
Mr. Hong is a Senior Manager with Ernst & Young LLP and is a member of the firm’s Southwest IFRS training team. In addition, he has served a variety of different audit clients including Trinity Industries, HeidelbergCement, Container Stores, Francesca’s and Texas Industries.
Mr. Liner is a Senior Manager with PricewaterhouseCoopers LLP in Dallas, Texas. Mr. Liner received a Bachelor of Business Administration in Accounting and a Master of Science in Finance from Texas A&M University. He has experience with audits of large multinational companies with an emphasis on the oil and gas industry. He currently serves as the lead Senior Manager responsible for the audit of Exxon Mobil Corporation. Mr. Liner completed a tour of duty in Budapest, Hungary between 2008 and 2010 where he worked with subsidiaries of U.S. public companies and shared service centers. Mr. Liner is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants.
Mr. Ly is a Senior Associate with PricewaterhouseCoopers LLP in Houston, Texas. Mr. Ly received a Bachelor of Business Administration in Accounting and a Master in Professional Accounting at the University of Texas at Austin. He has experience with audits of large multinational oil and gas companies with an emphasis on the upstream sector and is currently on the audit of Royal Dutch Shell plc. Mr. Ly is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants.
Mr. McNamara is an assurance partner with PricewtaerhouseCoopers LLP in Dallas, Texas with over 24 years of experience serving multinational public companies. He has extensive experience with mergers and acquisitions, public offerings and reporting on internal controls. He previously worked in the Houston and San Francisco offices where he served a wide range of multinational oil and gas companies, including Chevron, XTO Energy, Marathon, Shell, PetroChina, Santa Fe Energy, and Union Texas Petroleum. Mr. McNamara is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants.
Mr. McNaughton is Manager in PwC’s Sustainable Business Solutions practice. He has many years of experience helping companies shape their sustainability and environmental strategies. Brigham has served clients in the automotive, energy, utility, financial services and technology industries, advising on core sustainability strategy development based on quantitative analysis and stakeholder engagement using accepted frameworks such as the Global Reporting Initiative. He is a Certified Public Accountant and has experience with financial and non-financial audits and filing for sustainability related credits and incentives. He was a subject matter specialist for the Carbon Disclosure Project assisting with the preparation of the S&P 500 reports and a named contributed to the WRI / WBCSD Corporate Value Chain and Product Life Cycle Accounting and Reporting Standards. He holds a BS degree in Business Management, concentration in accounting, from the University of Maine and was a graduate of their Honors College where he was a Presidential Distinguished Scholar. He is a member of the American Institute of Certified Public Accountants.
Mr. McPhail is an International Tax Partner with KPMG. Brad’s professional career has focused on advising large multinational enterprises on their US domestic, US international and cross-border tax issues with respect to specific transactions or strategies. Additionally, his experience includes cross-border financing and repatriation planning projects. Mr. McPhail has spent considerable time overseas and served in the firm’s Paris office where he advised on US tax matters. He is frequently a speaker at international tax conferences and has previously taught international tax courses on behalf of academic and governmental institutions.
Mr. Melsheimer is a Partner in Thompson & Knight’s International Energy Practice Group, Andrew focuses on oil and gas-related matters, including cross-border transactions, investment projects, and strategic commercial and business advice. His experience includes acquisitions, divestments, trades, and mergers; exploration, development, and production matters; and anti-corruption (FCPA) and economic trade sanctions. Andrew also assists clients in their dispute resolution matters and negotiations, which have been before federal and state courts in Louisiana, Texas, and New York as well as domestic and international arbitration panels. He is a Council Member of the International Law Section of the Texas State Bar, an Advisory Board Member for the Institute of Transnational Arbitration and the Institute for International and Comparative Law at CAIL, a member of the Association of International Petroleum Negotiators’ Farmout Agreement Revision Drafting Committee, Board Member of the North Dallas Chamber of Commerce, and Chair of the International Section of the State Bar of Texas.
*Dan A. Odom
Mr. Odom is an Audit Partner in the Dallas, TX office of Deloitte & Touche LLP. He serves as Engagement Partner on exploration and production, gas transmission and gas distribution companies and has extensive experience in Securities and Exchange Commission related issues. Mr. Odom is a member of the American Institute of Public Accountants, The Texas Society of Certified Public Accountants, and Council of Petroleum Accountants Societies, Dallas.
Mr. Oshionebo is a Senior Manager in the Assurance North Texas practice and has extensive experience in audit and advisory services. He has been involved in providing audit services to both SEC and private large oil and gas companies including engineering and construction companies. He assisted several oil and gas companies in the implementation and design of Sarbanes-Oxley controls.
Prior to moving to the Dallas office, Anslem did a rotation with the Assurance National Professional Services Group where he worked directly with the National office leaders on monitoring and coordinating regulatory developments (including, SEC, PCAOB and FASB) impacting the profession, writing thought leadership materials and consulting on complex matters related to revenues. He was also involved in consultations with companies on a variety of complex issues, including revenue recognition, equity instruments, leases, business combination and consolidation. Anslem has led several teams in successful design, evaluation and test of an internal controls framework including processes over revenues and receivables, and business combinations. In addition, he has worked on designing several firm training materials and instructed several trainings, including those covering different aspects of auditing and accounting for revenue recognition and industry specific matters. Anslem Oshionebo obtained a Masters in Professional Accounting from Seton Hall University. He is a Certified Public Accountant and a Certified Fraud Examiner.
Mr. Parette is a Partner with more than 22 years of experience at Deloitte & Touche. Mr. Parette has served clients in a variety of industries including petroleum refining & marketing, oil and gas exploration and production, oil and gas transportation, energy service, power generation, hospitality, publishing, internet service providers, telematics, professional services, transportation, and manufacturing. Mr. Parette is a member of the American Institute of Certified Public Accountants, The Texas Society of Certified Public Accountants and as a Certified Public Accountant, he is licensed to practice in Arkansas, Oklahoma, Louisiana and Texas.
Mr. Roark is a Manager with PricewaterhouseCoopers LLP in Dallas, Texas. Mr. Roark received a Bachelor of Business Administration in Accounting and a Master of Science in Finance from Texas A&M University. He has experience with audits of large multinational companies with an emphasis on the oil and gas industry. He currently serves public and private clients in the midstream and upstream sectors of the petroleum industry. Mr. Roark is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants.
Dr. Saretto joined the Jindal School of Business in 2012. Previously he held appointments at Purdue University and the University of Texas at Austin. He holds a PhD in Finance (UCLA) and one in Applied Mathematics (University of Brescia, Italy). Professor Saretto’s expertise is in financial derivatives and structure finance, with particular accent to credit risk and risk management. He has published articles in several top tier peer-review journals including the Journal of Financial Economics and the Review of Financial Studies.
Dr. Shcherbakova is a Clinical Assistant Professor of Finance and Managerial Economics at the Naveen Jindal School of Management, at the University of Texas at Dallas. Dr. Shcherbakova is an applied economist, specializing in energy economics, market regulation, and energy and financial risk. She is currently leading the development of a new graduate program in Energy Management at UT Dallas and teaching courses in energy economics and finance. Her recent academic research projects have included studying the effect of increased renewable integration on system costs in South Korea’s electricity markets, detecting domestic policy biases in investor perceptions of energy assets, assessing the role of lobbying donations in safety and health outcomes of U.S. coal mines, and evaluating shipping inefficiencies in the global liquefied natural gas industry. Dr. Shcherbakova holds a PhD from the University of Chicago. Prior to her appointment at UT Dallas, Dr. Shcherbakova was an Assistant Professor at the Department of Energy and Mineral Engineering at Penn State University, where she conducted energy-related economic research and taught graduate and undergraduate courses in energy economics and energy finance.
Mr. Stockham is a Partner in the Dallas office of Thompson & Knight LLP. He has litigated numerous cases involving detailed issues of fraud. He focuses his complex business litigation practice on corporate and shareholder rights, director and officer litigation, securities litigation, class actions defense, merger litigation, partnership disputes, white collar criminal defense, and representation before government agencies such as the Securities and Exchange Commission. He has also participated in internal investigations arising from Sarbanes-Oxley and the Foreign Corrupt Practices Act. Mr. Stockham earned his law degree, with honors, in 2002 from Cornell Law School, where he served as Editor of the Cornell Law Review. He has been selected for such professional honors as Texas Rising Stars® and Texas Super Lawyers®. Mr. Stockham writes frequently and is often quoted in such publications as Law360 and Compliance Week.