COURSE LEVEL: Basic/Overview
COURSE DESCRIPTION:
AAPL’s Held By Production course is designed to discuss the HBP status of a lease from two perspectives, state regulatory statutes and 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.