Home What We Offer My CESE Training Calendar In-Company Training About CESE Instructors Register Now

 

 

"Knowledge

itself  is

power"

Francis Bacon, Sr.

1561-1626
Seminars/Programs Detail
Advanced Concepts of Titles, Leases & Contracts
Instructor: Lewis Mosburg, Jr.
Request in company quote
Click here for the seminar brochure

This three-day advanced course complements Lewis' "Fundamentals of Titles, Leases & Contracts" seminar.  Attendance in that course is not a prerequisite, but enrollees should have a basic understanding of mineral conveyancing and the oil and gas lease.

Mosburg devotes full-day discussions of the use of the Farmout Agreement and the Joint Operating Agreement for the development of acreage.  This practical applications seminar incorporates extensive workshop problems and practical exercises.  Course materials contain useful articles, checklists and forms.

  • Course Outline:
  • Basic Concepts
    • Farmout Agreements
    • Leases Committed
    • Earnings Conditions
    • Interests Assigned and Reserved
    • Tax Considerations
  • Joint Operating Agreements
    • The AAPL Model Form
    • Interests of the Parties
    • Conduct of Operations
    • Defaulting Parties
Audience:
  • Landmen
  • Contract Negotiators
  • Contract Specialists
  • Attorneys
  • Accountants
  • Members of the Land Support Team
  • "Joint Account" Billing and Audit Personnel
  • Exploration Managers/Supervisors
  • Engineers
  • Geologists
  • Production Personnel involved in negotiating or working with joint operating agreements, or with contracts involving the purchase, sale or transportation of natural gas
  • Management working with oil and gas contracts
Objectives:

You Will Learn:

  • The role of Area of Mutual Interest provisions in oil and gas contracts.
  • Pitfalls in defining Minimum Depth and Earned Depth provisions in Farmout Agreements.
  • Other "Earning Condition" Issues
  • When to use Present Assignments and Tax partnerships in connection with a Farmout
  • How to deal with issues of gas imbalance
  • How to deal with cost overruns in jointly-drilled wells
  • How to address problems in completing and reworking wells
  • How to deal with non-operators who ar enot paying their bills.
Length: 3 days
You might be Interested in these courses :  
  • Fundamentals of Titles, Leases & Contracts
  • Problems & Pitfalls in Joint Operating Agreements
  • Basic Petroleum Geology for the Non-Geologist
  • Petroleum Engineering for Non-Petroleum Engineers
  • Basics of Well Log Interpretation
Register for this course:
To register, select the date you would like to attend, click on the appropriate registration fee, enter the number of people attending, then click the Register Online button below. Online registration applies to credit card payments only.
  Dates Location
April 6-8, 2010 Renaissance Houston Hotel, 6 Greenway Plaza East, Houston, TX
$1195.00 Early Registration Fee     Deadline Date : 09 Mar 2010
$1295.00 Single Registration Fee
$1195.00
Group Registration Fee
(Available to groups 2 or more from the same company attending at the same date and location)
 
Number of people attending:
   
BACK