Friday, February 6 2015
AAPL WI/NRI Workshop
AAPL will host Doug Potter's Working Interest/Net Revenue Interest Calculations Workshop on Friday, February 6th at Anadarko Conference Center in The Woodlands, TX. 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 23rd. After this date, the registration cost goes up $50.00. This program has been accredited by AAPL for six (6) CPL/RPL/RL credits.
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Location:
Anadarko Conference Center (Allison Tower)
1201 Lake Robbins Drive
The Woodlands, TX 77380
Workshop Covers:
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
Farmouts
JOA & Non-Consent Penalty
Schedule:
8:00am: Registration & Continental Breakfast
8:15am-3:30pm: Instruction and Examples
- Effects of Typical Lease Clauses
- Analysis of Calculations & Concepts
- Farmouts
- 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, a Certified Division Order Analyst and a Certified Lease & Title Analyst.