COURSE LEVEL: Basic/Overview
AAPL’s Held By Production seminar is designed to discuss the HBP status of a lease from two perspectives:
- The state regulatory statutes and
- The terms in the oil and gas lease
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.