800 Fournier St Fort Worth, TX 76102-3597
Date:July 15, 2016
Time:8:30 AM – 5:00 PM
Credits: 7.00 CEU
David L. Melton, RPL
Gary M. Beard CPL
9:00am- Seminar Begins
12:00pm- Lunch (on your own)
The HBP Essentials class is designed to escort both the in-house and field landman through the obstacle course of performing and understanding one of the most challenging tasks a landman can face. It presents not only the what, but the why and how in navigating and interpreting the records that are a part of conducting this research and how to come to the best conclusion possible.
At the end of the presentation, attendees will participate in a workshop which presents a variety of facts and challenging issues. The student should be able to apply the knowledge gained in the class to draw the proper conclusions as to what is and is not HBP.
The class is suitable for the beginning to intermediate landman.
Topics will include:
Oil & Gas Commission/Courthouse Research
Idle Wells/Orphan Wells
Formation of Spacing Units
Voluntary Pooling, Force Pooling and Unitization
Oil & Gas Lease Clauses that Affect HBP Status
Off-site Drilling Locations
Pugh Clause/Retained Acreage Clause
Horizontal Drilling Applications
Royalty Allocation Methods
Relative Wellbore Length
Unit Percentage by Tract