COURSE LEVEL:  Basic/Overview

AAPL’s Held By Production seminar is designed to discuss the HBP status of a lease from two perspectives: 1) The state regulatory statutes and 2) 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.