|
Houston, like the rest of the nation, had
experienced seven years of steady growth as the country developed in a post-World War II
growth spurt, due to the conversion of wartime business efforts to peacetime consumer
production.The oil and gas industry was no exception. Accounting in the petroleum industry
was also developing. Some early standard form lease agreements, operating agreements
and accounting procedures were already in use but were somewhat localized with regard
to application and dissemination. Agreements were more likely to parallel a true legal
document with specific terms formulated to fit the situation.
It was in this environment that the idea for a local organization of petroleum accountants
in Houston was initiated. The idea is said to have originated with Alfred F. Hagen of
Shell Oil Company who had worked for Shell in California and had been a member of the
petroleum accounting organization in Los Angeles, which had been in existence since 1926,
and which was the earliest known local petroleum accounting organization. Two other early
organizations developed in the Mid-Continent Area; in 1936 in Kansas, and in 1939 in Tulsa,
Oklahoma. Hagen felt the need existed and the time had come to pursue such activity in
Houston. Hagen proposed the action to two allies within the industry and the move was
underway. The two persons generally given most of the credit for formation of the group
were Robert E. (Bob) Lee of The Texas Company and Virgil L. Smith of Superior Oil Company.
Lee, Smith and Hagen contacted their contemporaries in other oil and gas companies to assess
interest and prospective participation and to encourage both personal and company involvement.
Many of the accountants contacted were receptive to the idea and an initial discussion meeting
was held on May 19, 1952. At this meeting, with 28 charter members in attendance, the group
decided a need existed for a petroleum accountants society.
The first regular meeting of PASH was held July 24, 1952, at the College Inn at 6545 South Main
St. with 71 members and 6 guests present. At such time by-laws were presented for adoption
and a proposed slate of directors were presented by a Nominating Committee chaired by E.M.
Jacobs of The Texas Company. The proposed slate of directors was accepted and the following
directors were elected:
3 Year Term
Alfred F. Hagen - Shell Oil Company
Robert E. Lee - The Texas Company
Virgil L. Smith - Superior Oil Company
2 Year Term
F.L. Freitag - Tennessee Production Co.
D.M. Withers - Standolind Oil and Gas Co.
C. Howard Phifer - L. D. Cain Drilling Co.
1 Year Term
E. A. Armentrout - Oil Drilling Inc.
A. L. Brown - Gulf Oil Co.
L. A. Pattillo - Union Producing Co.
Immediately after the general meeting the new Board of Directors met to elect officers.
The officers elected to lead the new society were as follows:
President - Bob Lee
First Vice-President - Al Hagen
Second Vice-President - Virgil Smith
Secretary-Treasurer - Howard Phifer
The first scheduled meeting of the Board of Directors (BOD) was held August 1, 1952, at
the Lamar Hotel. The BOD decided to hold all general and BOD meetings at the Lamar Hotel.
Committee chairmen were appointed for the Program, Telephone and Membership Committees.
The BOD also approved payment of PASH bills with the first invoice approved for payment
being a bill from Premier Printing. Planning was initiated for the first general meeting.
The meeting was held at the Lamar Hotel on September 11, 1952. The member cost for dinner
and drinks was $3.00.
During the fifty years of PASH the organization has held regular general meetings at 5 different
locations. From its inception until 1963 the location for the meetings was the Lamar Hotel.
From 1963 until 1970 and again from later in 1970 until 1991 the location was The Petroleum
Club located atop the Exxon Building in downtown Houston. For a very brief period in 1970
meetings were held at the Summit Club located at 1010 Jefferson St. in the downtown area.
From 1991 through mid-1999 meetings were held at The Houstonian located on Post Oak Lane near
the 610 Loop in Houston's Galleria Area. From 1999 to the current time, meetings have been
held at the Houston City Club located in the Greenway Plaza Area.
From the first meeting with 71 members present, PASH membership steadily increased to 110
by the end of the first year of operation. It was 16 years before the membership passed the
200 mark, reaching 218 in 1968. The 70s saw tremendous growth in the oil and gas industry
and Houston and PASH participated in that growth. PASH membership more than doubled, and
reached 538 in 1979. Two years later the total had soared to 667 and the average attendance
at general meetings began to tax the meeting facilities at the Petroleum Club. The Board of
Directors considered excluding guests from selected meetings due to the 350 maximum seating
number for sit-down dinner at the Petroleum Club. The remaining 16 years of the Twentieth
Century saw continual consolidation of industry companies and further depletion of once
familiar companies that had been key suppliers of PASH members (Tenneco, Mobil, Amoco).
Membership dropped annually, to slightly below 500 at the beginning of the Twenty-First
Century. However, through mergers and consolidations many oil and gas functions were being
transferred from smaller cities such as Midland, Denver, New Orleans and Lafayette to Houston.
Many of the employees were transferred as well and those employees, or the new employees
who replaced those not choosing to transfer to Houston, joined PASH. Theses events have
helped stabilize membership in PASH in the mid-400 range.
From the very beginning PASH members have played an integral leadership role in the
creation and operation of The Council of Petroleum Accountants Societies (COPAS). Along
with the representatives from 8 other Societies, PASH was represented at a February 1961
meeting in Dallas for an exploratory meeting to discuss and authorize the association of
the Societies with each other. From that meeting evolved a formation meeting held on
April 25, 1961, in the Royal Room of the Sands Hotel in Midland. At that time, PASH's
own D.C. Hobart was elected President of the new organization. Over the past 40 years
12 members of PASH have served as President of COPAS, and several other members of PASH
have served in that capacity while a member of another society.
PASH has been pleased to serves as a frequent host of the semi-annual COPAS National
Meetings. Being named host society of the Spring 2002 COPAS National Meeting, marks the
eighth time that PASH has performed that role.
|