Land for Non-Landmen: 3/15-16/2023 (pm/am)

Land affects everyone in every role in Oil & Gas.

Land for non-Landmen

When: Wednesday, March 15 (1:00-5:00CDT) and Thursday, March 16 (8:30-12:30CDT)
Where: On your computer or tablet, wherever you have a good internet connection
Cost:     $299 including all class materials
Program Level: Basic (but not just for beginners)
Delivery Method: Group Internet Based, Instructor Live
Prerequisites: None
CPE Awarded: 8 hrs
Area of Study: Specialized Knowledge
Pre-Class Preparation:

·       Read the negotiation case which will be sent to you the Friday before class
·       It's very interactive - be ready to discuss things and ask questions

 Who Should Attend:

·       Pretty much Anyone in oil and gas will gain from this program

·       If you're a Revenue Accountant, you deal with Royalty Owners and Division Orders
·       If you're a Joint Interest Accountant, you deal with JOAs and Expense DOIs
·       If you're in IT, you have to understand all the terminology that Land talks so that you can make  your system work right with Land
·       If you're in HR, you need to understand what skills are needed for the Land department (Land Techs, Lease Analysts, Landmen, Records Management)
·       If you're Management, you need to be able to manage the interface between Land and other departments
·       If you're in Finance, you'll learn why everything in Land seems to cost so much and take so long
·       If you're a Land Tech,  you need to understand what the Landmen and Lease Analysts do.
·       If you're a Royalty Owner or if your family has minerals you need to understand what's in that lease, what rights and obligations you have and what you can expect it to be worth to you

 Upon Completion of this program the following Objectives should be accomplished, with participants able to:

·       Utilize the unique terminology of Land
·       Explain why events in Land take so long, are so complex and cost so much
·       Explain the rights and responsibilities of Lessors and Lessees under the Law
·       Relate the effects of property and estate ownership to internal processes
·       List and define the purpose of the various documents used by Land
·       Name the 17 main clauses of a Lease and their purposes
·       Interpret Legal Descriptions
·       Create and Determine Expenses and Revenue/Royalty Divisions of Interests
·       Discuss Current Events involving Land

 Key Topics:

·       Land and the Law - fundamental legal issues
·       Ownership and Deeds - ownership and transfer of property
·       Rights and Obligations - of mineral owners, surface owners and oil & gas operors
·       What's it Worth? - to the mineral owner and to the operator
·       Duties of the Land Department -the Landman, Lease Analyst, DO Accountant
·       The Lease - Types and Details - detail examination of relevant lease clauses
·       Joining of Leases - Pooling and Unitization
·       Other Important Documents - the JOA, DO, FarmOut/In and others
·       Negotiating the Lease - a practical interactive exercise
·       Dealing with Royalty Owners - common issues and FAQ's
·       The Division Order and DOI - creating and using them
·        Distributing the Money - revenue and royalty distribution

*CPE & the Fine Print, Refunds and Cancellations: Requests for refunds must be received in writing two weeks prior to the program data and will be subject to a cancellation fee. No refunds will be granted after this 2-week period, but substitutes are allowed. For more information regarding refund, complaint, and/or program cancellation policies please contact our offices at 940.783.7270.   If you need CPE credit you can receive it for our virtual live programs EXCEPT IN NEW YORK and KANSAS! If you live in one of those states, please check with your state CPA society.      UNT DSI-PDX is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Concerns regarding registered sponsors may be addressed to the National Registry of CPE Sponsors.  www.nasbaregistry.org