"AAPL JOA and Exploration Agreement Seminar"
AMERICAN ASSOCIATION OF PROFESSIONAL LANDMEN www.landman.org AAPL JOA and Exploration Agreement Seminar “Joint Operating Agreements and Exploration and Participation Agreements: What Every Landman Should Know” December 10, 2009 Hilton Garden Inn Pittsburgh/Southpointe Southpointe, PA Presentation Highlights • History of operating agreements • Comparison of AAPL Model Form 610 JOAs • Guidance for preparation of JOAs • Handling interests of parties in costs and production o Why it is Important • Handling subsequently created interests • Operator rights and duties • Drilling – initial well and subsequent operations • Non-Participation factors • Completion of wells • Abandonment of wells • Maintenance of interest • Preparation of exhibits • And more... AMERICAN ASSOCIATION OF PROFESSIONAL LANDMEN www.landman.org “Joint Operating Agreements and Exploration and Participation Agreements: What Every Landman Should Know” Thursday, December 10, 2009 Hilton Garden Inn Pittsburgh/Southpointe – Southpointe, PA The American Association of Professional unitization processes and the types of units Landmen invites you to its “Evolution of the formed for the drilling of oil and gas wells. AAPL Model Form Operating Agreements”, Following a brief history of operating by Dorsey T. Roach, CPL, on Thursday, agreements, the seminar will provide an in- December 10, 2009 at the Hilton Garden Inn depth review of the AAPL Form 610-1989 Pittsburgh/Southpointe in Southpointe, PA. Model Form Operating Agreement as well as a comparison to the earlier 1956, 1977 The seminar will be presented on Thursday, and 1982 AAPL Form 610’s. Mr. Roach will December 10, 2009, from 8:00 a.m. to 5:00 walk through the AAPL Form 610 from p.m., with an hour break at noon for lunch beginning to end, and also discuss the on your own. purpose, necessity and preparation of the exhibits attached to this important industry The AAPL Model Form Operating agreement. Agreement is one of the most essential contracts employed by the oil and gas Common problems, pitfalls and ambiguities industry. Every oil and gas professional associated with the AAPL Model form involved in the drilling of wells needs to have Operating Agreement will also be identified, a basic understanding of the AAPL Model and current issues and recommended Form Operating Agreement, especially the modifications, including the incorporation of rights, duties and obligations of the operator, additional provisions, will also be provided as well as those of the non-operators. and discussed during this presentation. Dorsey Roach, CPL, frequent lecturer for AAPL and nationally recognized operating This is an important seminar for all oil and agreement expert, will be the instructor for gas professionals to attend, regardless of this seminar. level of experience or professional training and background. The seminar will begin with a review and discussion regarding Exploration A bound book of class materials will be Agreements and Participation Agreements provided to all participants. and the role each plays in promoted deals and in drilling exploratory wells. Provisions The advance registration fee for the seminar commonly found in these agreements, as is $225 for AAPL members and $350 for well as optional provisions, will be identified non-members. and addressed. Also addressed will be the exhibits most commonly attached to these agreements including the AAPL Model Form Schedule of Events Operating Agreement 8 a.m. Registration/Continental Breakfast In addressing the AAPL Model Form 8:30 Morning Session Operating Agreement, Mr. Roach begins 12 p.m. Lunch onsite with a brief overview of basic pooling and 12:45 Afternoon Session 4:15 Adjourn JOA - Southpointe 2009 Flyer-3 2 09/30/09 Instructor exist with earlier AAPL operating agreement forms as well as the addition of many new provisions. Dorsey T. Roach, CPL He also served as a consultant to the AAPL Dorsey is a native Oklahoman. He attended the Coalbed Methane JOA Task Force that drafted University of Oklahoma where in 1977 he modifications for inclusion into the AAPL 1982 and received a B.B.A., majoring in Petroleum Land 1989 operating agreement forms that are unique Management (PLM). Upon graduating, Dorsey to CBM operations. began his career with Exxon Corporation where he was trained and specialized as a pooling and Dorsey has been a member of AAPL since 1977, unitization landman. Assignments with Exxon and a Certified Professional Landman (CPL) since included Los Angeles, Anchorage, Houston, 1986. He is a past member of the Los Angeles, Midland and Oklahoma City. Permian Basin, Southern Oklahoma, Dallas and Fort Worth Landmen’s Associations. He is Dorsey has also held various staff and currently a member of the Oklahoma City and management positions with Mesa, Inc., Crawley Tulsa Associations of Petroleum Landmen. Petroleum Corporation, Union Pacific Resources Company, The Williams Cos. and Cheyenne While serving for the Oklahoma City and Tulsa Petroleum Company while located in Amarillo, Landmen Associations, Dorsey served as the first Dallas/Fort Worth, Oklahoma City and Tulsa. chairman of the newly formed Industry and Dorsey is currently president of UnitPro Land Regulatory Affairs Committees for each Consultants, LLC in Oklahoma City where he Association. In 2004, he served as Chairman of offers expert witness services for litigation the Regulatory Practices Committee for the involving land contracts, and helps companies to Midcontinent Oil and Gas Association, and in structure promoted deals and prepares and 2004 he also served as president of the Tulsa assists in negotiating the land contracts related to Association of Petroleum Landmen. In 2008, he these deals. co-founded the OCAPL Governmental Action Committee to review and recommend changes in In 1984, Dorsey joined the AAPL lecture circuit rules, regulations, policies and procedures of where he began speaking on pooling, unitization, various county and state government agencies. well trades and operating agreements. He has He is currently Co-chairman of this committee. given hundreds of presentations and seminars to such organizations as the American Association Since 1983, Dorsey has served as an Adjunct of Professional Landmen (AAPL), the Professor at the University of Oklahoma where he Southwestern Legal Foundation, the Kansas Bar has lectured in the Business College’s PLM and Association, the Oklahoma Marginal Well Energy Management programs. Topics have Commission, Desk & Derrick, COPAS and many included pooling, unitization, operating local landmen’s associations and other industry- agreements, well trades, title opinions, title related organizations. curative, regulatory agencies and land administration. From 1995-1997, he served as From 1986-1989, Dorsey served as Chairman of Chairman of the OU PLM Steering Committee that the AAPL Operating Agreement Revision was responsible for the restructuring of the PLM Committee. This Committee was responsible for Program into what is now the Energy revising the AAPL Model Form Operating Management (EM) program. Beginning in 2008, Agreement, resulting in the issuance of the AAPL Dorsey also began serving as an Adjunct Form 610-1989 Model Form Operating Professor in the Energy Management Program at Agreement. The revisions included the removal of the University of Tulsa. many problems, pitfalls and ambiguities known to JOA - Southpointe 2009 Flyer-3 3 9/30/2009 General Information Reviews (CPL/RPL) and exam. Assistance for these programs is limited to two per year. Accreditation: This program is accredited by Assistance is also available for all AAPL on-line AAPL for seven CPL, RPL, or RL continuing programs with no limit to the programs watched. education credits, including one ethics credit. Home study programs are eligible for a reduced rate of $25 per courses with a limit of five courses Transfers and Cancellations: All requests for per year. transfers and cancellations must be made in writing and all must be made before Special Needs: If you have special needs Wednesday, November 25, 2009. addressed by the ADA, please notify us at least two weeks before the program. Individuals may transfer their registration to another individual for this event at no additional Seminar Location: charge. Transfers to another AAPL event may be Hilton Garden Inn Pittsburgh/Southpointe made for $25 if made prior to November 25. After 1000 Corporate Dr that date, no transfers will be accepted. Canonsburg, PA 15317 Tel: (724) 743-5000 Registrations may be cancelled for a refund, less Fax: (724) 743-5010 a $25 administration fee, if made prior to November 25. After that date, no refunds will be Hotel Accommodations: AAPL has secured a granted. Registrants not entitled to a refund will “negotiated rate” with the Hilton Garden Inn receive a copy of the written materials. Pittsburgh/Southpointe. The negotiated rates of $109 for a standard room, and $119 for a suite, AAPL retains cancellation rights. In the unlikely are available to registrants beginning the evening event of cancellation, AAPL will attempt to notify of Wednesday, December 9, through the evening all pre-registrants. of Friday, December 11. All reservations must be secured directly with the hotel, and must be done Deadline for transfers and cancellations is so by December 1, 2009. Refer to the code 3:00 p.m., Wednesday, November 25, 2009. “AAPL” when making your reservations. Please note that this is not a secured “block of rooms”, The deadline for ALL pre-registrations is 10:00 and these rates are only offered pending a.m., Wednesday, December 2, 2009. After this availability. date, registration will only be available and accepted on-site the day of and only if seats are available. Registration Fees after November 25, 2009: AAPL Members: $275 Non-AAPL Members: $400 Tuition Assistance: The AAPL Education Foundation has established a new tuition assistance program that will pay the registration fee for any AAPL member who desires to attend an AAPL operated educational event but cannot do so due to financial limitations. To receive assistance, an AAPL member must submit a Parking: Self-parking is available free of charge written request for assistance along with the event on the hotel’s surface lot. registration form. The request must indicate the reason that assistance is needed, the years of AAPL Contact: AAPL membership (minimum two years), and list Shannon Carson all other programs for which tuition assistance (817) 847-7700 was approved (maximum of two events per year). email@example.com The names of registrants requesting financial assistance will remain confidential. AAPL is proud to offer high-quality educational Tuition assistance is available for all AAPL opportunities such as this at significantly lower operated education programs except the annual costs to its members. For membership meeting. This includes all AAPL Institutes, information, please contact the AAPL Seminars, Workshops, and Oil & Gas Land headquarters at (817) 847-7700. JOA - Southpointe 2009 Flyer-3 4 9/30/2009 REGISTRATION FORM (Please type or print legibly) Name: ______________________________________________________ JOA Workshop Company: ___________________________________________________ 331JOA Address: ____________________________________________________ Southpointe, PA December 10, 2009 City, ST ZIP: __________________________________________________ Phone: ________________________ Fax : ________________________ E‐mail: ______________________________________________________ Request for special needs: ______________________________________ MAIL TO: Registrations & Payment Received: Thru 11/25/2009 After 11/25/2009 AAPL JOA WORKSHOP 4100 Fossil Creek Blvd AAPL Member $225 $275 Fort Worth TX 76137 Non AAPL Member $350 $400 Tel: 817‐847‐7700 PLM/ERM Student $0 $50 Fax: 817‐847‐7704 Tuition Assistance $0 $50 E‐mail: (Request Attached) firstname.lastname@example.org (Call or email with questions) Payment Information Check MasterCard Visa American Express Office Use Only Credit Card #: ______________________________ Exp. Date: _________ Name on Card: _______________________________________________ Signature: ___________________________________________________ JOA - Southpointe 2009 Flyer-3 5 9/30/2009