The oil and gas well or unit has a place where the buck stops, and that is at the Operator. A stressed pricing environment puts operators in difficult positions with regard to the economic functioning of the well, and often pits them against the other stakeholders in the well, namely the non-operators and the non-operating capital providers, royalty owners, and vendors and service companies. We will look extensively into lease maintenance in a stressed market environment, including royalty litigation, maintenance of production, how foreclosures and bankruptcies affect lease maintenance, and how lease failures affect pooling and communitization, and the relationships between unit participants. We will look at the relationship between operators and non-operators through the lens of Joint Operating Agreements, old and new, and explore how the new AAPL Model Operating Agreement might affect the new challenges being faced by the industry. We will specifically look at the rights and remedies of non-operators and capital providers in the joint operations context, gas balancing, how rework and recompletions decisions affect unit participation, and how to close out a unit and limit future liability.
The Landman 2.0 Series is going to be a six session series put on by Attorneys from Beckmen Law PC. The sessions will be held at AAPL Headquarters: 800 Fournier Street Fort Worth, TX 76102 from 10am-3pm. Four continuing education credits will be given every session. There will be a webinar and a live option and a discount will be given if you register for the whole series.