COURSE LEVEL: Overview
COURSE DESCRIPTION:
AAPL’s Held By Production course 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.
8:30 AM Leases Held by Production
9:30 AM Pooling of Oil and Gas Interests
10:30 AM Break
10:45 AM Allocation Wells
11:30 AM Lunch Break
1:00 PM Federal Leases
2:10 0M Royalties
3:00 PM Break
3:15 PM Nonparticipating Royalty Interests
3:45 PM Deduction of Post-Production Expenses
4:45 PM Adjourn
*schedule subject to change