WORKING INTEREST/ NET REVENUE INTEREST - January 22, 2016
AAPL will host Doug Potter's Working Interest/Net Revenue Interest Calculations Workshop. This one-day workshop will begin with simple examples and progress towards complex examples, teaching the fundamental calculations for Royalties, ORRIs, Net Revenue Interests and Working Interests. After attending this workshop, you will understand the fundamental progressions and calculations of WI & NRI as an unleased mineral interest becomes leased and progresses to become part of a producing tract, oil unit, gas unit, and field-wide unit; learn the consequences of changing WI & NRI for Leases, Assignments, Unitizations, Farmout BPO/APO scenarios and JOA. The registration fee for AAPL members is $250 and $375 for non-members through January 8th 2016. After this date, the registration cost goes up $50.00. This program has been accredited by AAPL for six (6) CPL/RPL/RL credits.
Courtyard by Marriott Downtown Denver
934 16th Street
Denver, CO 80202
Effects of Typical Lease Clauses
- Granting Clause
- Royalty Clause
- Proportionate Reduction Clause
- Assignment Clause
- Pooling Clause
Analysis of Calculations & Concepts
- Average Royalty vs. Weighted Average Royalty
- Tract Participation Factor [TPF]
- Balancing Owner
- Lease Vs. Tract Vs. Unit Vs. Fieldwide Unit
- Surface Acreage Allocation vs. Volumetric Allocation
JOA & Non-Consent Penalty
8:00am: Registration & Continental Breakfast
8:15am-3:30pm: Instruction and Examples
- Effects of Typical Lease Clauses
- Analysis of Calculations & Concepts
- JOA & Non-Consent Penalty
11:30am-Noon Lunch (will be provided)
Douglas M. Potter- Instructor
Douglas M. Potter received his BS in Geology in 1976 and MBA in Finance in 1981 from the University of Colorado in Boulder. As a Geologist, Potter worked for Conoco in Wyoming [Uranium] and Cordillera Exploration in Bolivia [Gold]. As a company Landman, Potter worked for Phillips Petroleum [Oil Shale] and Atlantic Richfield Company [O&G]. Potter is currently with Anadarko Petroleum Corporation as the US Land – Technical Staff Training and Development Coordinator.
Potter’s diversified background includes serving in other capacities, including Independent Landman, Division Order Analyst, Lease & Title Analyst and Supervisor of GIS Mapping. Potter is a Certified Professional Landman [CPL], a Certified Division Order Analyst [CDOA] and a Certified Lease & Title Analyst [CPLTA].
In 2012, Doug Potter was awarded Landman of the Year by the Denver Association of Petroleum Landmen and the recipient of the AAPL Education Award for 2014. Doug Potter is a member of the Denver Association of Petroleum Landmen, American Association of Professional Landmen, Denver Association of Division Order Analysts, National Association of Division Order Analysts, Denver Association of Lease & Title Analysts, National Association of Lease & Title Analysts, Rocky Mountain Association of Geologists, and is a Distinguished Toastmaster.
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