This class is designed to discuss the HBP status of a lease from two perspectives:
1) The state regulatory statutes; 2) The terms in the oil and gas lease.
We do not discuss legal aspects and remedies.
It is also designed with the in-house and title landman in mind as it pertains to putting a lease block together or making an acquisition or divestiture of production and/or oil and gas leasehold. The information is presented in a generalized fashion rather than focusing on any one state, although certain situations in individual states will be discussed from an example point of view.
8:00AM – 8:30AM – Registration
8:30AM – 9:30AM – Leases Held by Production (60 Minutes)
9:30AM – 10:30AM – Pooling of Oil and Gas Interests (60 Minutes)
10:30AM – 10:45AM – Break
10:45AM – 11:30AM – Allocation Wells (45 Minutes)
11:30AM – 1:00PM – Lunch
1:00PM – 2:00PM – Federal Leases (60 Minutes)
2:00PM – 3:00PM – Royalties (60 Minutes)
3:00PM – 3:15PM – Break
3:15PM – 3:45PM – Nonparticipating Royalty Interests (30 Minutes)
3:45PM – 4:45PM – Deduction of Post-Production Expenses (60 Minutes)