Even those who have been doing oil and gas calculations for years would agree that calculating interests can sometimes be confusing.

This two-day workshop is not only fun and creative; it is also insightful and full of hands-on oil and gas issues that can be mastered. 

Each attendee will experience more than a math class; they will become involved in telling each of the interest owner’s stories with numbers. They will leave with a fuller understanding of the rules related to title conveyances, burdens, net revenue interests, overriding royalty interests, farmouts, payouts, and non-consenting interests.

This is perhaps the best training class available for those wanting to experience the fundamentals of Petroleum Land Management. 

Topics include: the body and clauses of the lease; calculating net mineral interests; GWI, NRI, RI, ORRI, and Unit calculations; Mineral, Surface, and Royalty ownership; Rules for Transferring Title; Legal Descriptions; Farmouts; Pooling, and unleased owners; plus Non-consent issues and Payouts.

Students will learn the law governing oil and gas ownership, development, marketing, and transfer. The oil and gas industry uses a number of unique contractual arrangements to explore for, develop, produce, and market oil and gas. This course includes a good overview of key clauses of the oil and gas lease and examines the law governing farmouts, purchase and sale agreements, operating agreements, drilling contracts, sales contracts, pooling and unitization agreements.

One of the goals of every drilling project is to successfully proceed without any major title surprises.  Understanding the critical impact of curing title is priceless in achieving that goal and knowing how to cure these issues is vital for every land professional.  This detail packed workshop offers the tools necessary to do just that!

This is a basic-to-intermediate level workshop and will greatly benefit attorneys, landmen, paralegals, and all land administration professionals.

This course focuses on what may be the most common agreement for upstream oil and gas operations. The class will look at the history of the AAPL model form, its weaknesses and how to avoid problems with its use.  Discussions will deal with the operator, joint operations, relationship and duties to non operators, joint operations under pooling and unitization,  preferential purchase rights, liabilities of the parties, cost overruns, COPAS overhead litigation, loss of lease rights, failure to reassign subleased interests, recent appellant decisions, non-consent issues, and other risk management issues. 

This course provides an overview of the widely used “Farmout” Agreement beginning with its history and how it is typically defined and distinguished from other relationships. Requirements for validity are reviewed and a review of how particular Farmout agreements and terms have been used and misused is considered. Specific topics and issues include checkerboard arrangements-divided interests, undivided interests, Farmouts combined with other agreements, Farmouts involving federal units, limitations as to depth or formation, drilling requirements, “back- in” provisions, and whether Farmouts create a “carried interest.” 

This one-day class covers crucial information for the land professional dealing with several critical title issues and conveyances that impact how oil and gas interests are calculated and maintained.  The class will focus on non-participating royalty and its peculiarities; Joint Tenants, Tenants in Common and Tenants by the Entirety; Life Estates and Usufructs, Strangers in Title; after acquired title; the Duhig Rule and the rule related to interest conveyed vs, land described; descent & distribution; and term mineral conveyances.