points of interest president’s letter
TRANSCRIPT
Page 1
VOLUME 18, ISSUE 1 JANUARY 2020
President’s LetterNew Members 3
Questions and Answers 4
Industry Affairs 5-8
Christmas Party 9Charity Raffle
Getting to Know a Member 10,11
January Education 12Luncheon Sponsor
Advisory Landman 13Connection
OCAPL Membership 14
Directors Board Meeting 15,16
Happy New Year and welcome back. I hope that everyone had the opportunity to enjoy some great food, family fellowship, and time away from the daily grind through the holidays. 2019 was a great year for OCAPL, full of many important accomplishments. One, in particular, was the donation of $21,000 each to PIVOT and Good Shepherd Ministries, just before the holiday season. I was fortunate enough to be a part of the check giveaway to Good Shepherd Ministries and I can assure you all, our contribution made a world of difference. I would like to congratulate our Community Affairs Chair and Co-Chair, Jordan McGee and Elle Portwood for their hard work and effort in raising these donations. A lot of time and effort goes into organizing and obtaining donations of this size through generous sponsor contributions and raffle sales at our Christmas Party. Also, thank you to those who donated to help give back during the Holiday season. I would also like to give a special thanks to the Entertainment Committee for once again organizing an amazing Christmas Party hosted at the Skirvin Hotel. This event is always a good time and seems to get better every year. Many thanks to Sam McCurdy, Brian Carlozzi and the rest of the volunteers for making this event possible. As for 2020, I would say we are off to a good start! We had a terrific turn out for our first educational luncheon. Clarke Richards and
Chase Payton did a great job by bringing in Stacey Garvin, Director of Education and Member Services for AAPL, who presented AAPL’s Ethics 360 course. On a side note, Clarke’s ability to simultaneously match the vocals from one video with another video that was playing on the projector was uncanny. Kudos to you, my friend, for taking the “A/V” bull by the horns and making this happen! Our 1st Monday night meeting did not host an educational speaker but was well attended just the same. Although the industry is at a bit of a lull right now, the overall spirits and morale seemed high. Please mark your calendars for next month’s Educational luncheon and Monday night meeting set for February 3rd. I am extremely humbled and honored to serve as your OCAPL President this year and cannot wait to see what the year holds. I would like to remind everyone to not only renew your membership for 2020 but also to encourage your peers, who may not be members, to join our organization. The growth and success of OCAPL depend on our members actively networking and continuing their education by attending our events. Please do not hesitate to contact me if you have questions or concerns regarding OCAPL.
Respectfully,Jerrod R. Hardegree, President
Points of Interest
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Feb. 3rd
Mar. 2nd
Apr. 6th
Apr. 16th
May 1-2nd
May 18th
Sept. 14th
Oct. 5th
Nov. 2nd
Dec. 7th
Educational Luncheon – Home Builders Association - Speaker – Matt Schlenscker, Steptoe & Johnson - Topic- OK & TX Legal UpdatesMonday Night Meeting – OK History Center - Speaker and Topic TBA
Educational Luncheon – Speaker and Topic TBAMonday Night Meeting – PRESIDENTS NIGHT - Speaker – Jay W. Beavers III, AAPL President
Educational Luncheon – Speaker and Topic TBAMonday Night Meeting – Speaker and Topic TBA
Field Landman Seminar – Location TBA
“SUMMER BREAK”
Fishing Tournament – Lake Texoma
Golf Tournament – OakTree Golf & Country Club
Educational Luncheon – Speaker and Topic TBAMonday Night Meeting – Social Meeting - No Speaker
Educational Luncheon – Speaker and Topic TBAMonday Night Meeting – Speaker and Topic TBA
Educational Luncheon – Speaker and Topic TBAMonday Night Meeting – Awards Night
Christmas Party
UPDATE YOUR PROFILE PICTURE TODAY! EMAIL TO [email protected] AND WE’LL POST FOR YOU!
*GO TO WWW.OCAPL.ORG TO REGISTER FOR EVENTS*2020
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Lee Anne Wilson Wilson Land & Law LLC [email protected]
Joseph LeMay J. Morgan, LLC [email protected]
* Roger Lowery Devon Energy Production [email protected]
Sarah Ovitz Camino Natural Resources, LLC [email protected]
* Ryan Gossett Coates Field Services, LLC [email protected]
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Questions from the Field
Timothy C. DowdELIAS BOOKS BROWN & NELSON
Q: Can a relative of the party executing an instru-ment serve as the notary for the instrument? – J.V.
A: Oklahoma does not have a statute that pro-hibits a notary from notarizing instruments execut-ed by a relative.
Please note that many states do have a statute pro-hibiting a relative from notarizing an instrument. For example, North Dakota has a statute that pro-hibits a notary notarizing for their spouse, but has no such prohibition as it relates to other relatives.
Incredibly, there is no statutory prohibition in some states for a notary to notarize one own’s signature. New Mexico, for example, has no prohibition against
Questions from the FieldTimothy C. Dowd
ELIAS BOOKS BROWN & NELSON
Editor’s Note: Each month this column will be devoted to answering oil and gas title questions.
Q: I examined an Oil and Gas Lease dated July 1, 1984, covering tracts in Sections 1, 2, 3, 4, 5 and 6. I have also examined copies of Oklahoma Corporation Commission Completion Reports (Form 1002) for the Smith 1-1 Well drilled in the SE/4 and the Smith No. 2 Well located in the NE/4 of Section 1.
During the primary term of the lease, two wells were drilled on the lands in Section 1. The first well, which is denoted as the Smith 1-1 Well, was commenced on October 13, 1984 and drilled in the S/2 SE/4 (which is not part of the leased tract). The Smith 1-1 was completed in a formation, which was established as a 160-acre drilling and spacing unit for the SE/4.
A second well, denoted as the Smith No. 2 Well, was drilled in the NE/4 of Section 1 (part of the leased tract) on April 24, 1986, and completed in the Hartshorne formation. The Hartshorne formation has not been established as a drilling and spacing unit for the NE/4 of Section 1.
Does the drilling of the Smith 1-1 Well in a drilling and spacing unit of 160-acres cause the lease to terminate outside the SE/4? What is the impact of the Smith No. 2 Well Well on the extension of the Smith 1-1 lease?
A: Title 52 O.S. 87.1(b) recites: "In case of a spacing unit of one hundred and sixty (160) acres or more, no oil and/or gas leasehold interest outside the spacing unit involved may be held by production from the spacing unit not more than ninety (90) days beyond expiration of the primary term of the lease." (This statute is frequently described as the “Statutory Pugh Clause”).
Unfortunately, there is no case law and only one law review article that construes this statute and its impact on wells drilled. The only guidance is the wording of the statute. In this situation the oil and gas lease would not have been extended solely by virtue of production from the spacing unit and the well drilled in the SE/4, but the lease was
one notarizing ones own signature. However, the New Mexico Notary Rule Handbook prohibits no-tarizing one’s own signature. However, Oklahoma does prohibit this (49 O.S. §6).
Oklahoma also has a statute that bars notaries, who are corporate officers, directors, or stockhold-ers from notarizing corporation instruments in which notaries are named individually or as cor-porate representatives. This is limited to share-holders, directors, officers, or employees of banks (6 O.S. § 904).
As an aside, a Notary can be held civilly liable if he/she fails to determine that the person execut-ing the instrument is the same person who has purported to execute the instrument. (Szcepka v. Weaver; Okla. 1997)
Note: If you have any title questions you want an-swered, email your questions to [email protected].
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‘Big uncertainty’ over US oil output in 2020 will be critically important to oil prices, analysts sayPUBLISHED THU, JAN 2 20207:41 AM EST
Sam Meredith
The question of how much crude U.S. producers
may be able to add this year could be pivotal
for oil prices in 2020, analysts told CNBC,
while warning of the potential for “vicious
corrections” in the coming months.
Speaking to CNBC’s “Squawk Box Europe”
on Thursday, Chris Weafer, a senior partner
at Macro-Advisory, suggested three “critical
factors” were set to have the greatest influence
over crude futures this year.
The first two factors were identified as oil
demand growth and the current deal between
OPEC and its allied partners.
The group, often referred to as OPEC+, agreed
to cut oil production by an additional 500,000
barrels per day (b/d) from Jan. 1, further
deepening their previous cut of 1.2 million b/d.
“The big uncertainty this year — and it is
already beginning to be talked about — is: Can
or will U.S. producers be able to continue to add
as much extra volume as they have been for the
last seven or eight years?”
“This is a huge question,” Weafer said.
The International Energy Agency projected last
month that total U.S. oil production growth
will slow to 1.1 million b/d in 2020, down from
1.6 million b/d in 2019.
In such a scenario, Weafer said that, assuming
the OPEC+ deal remains in place, oil prices
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Nonetheless, he warned many were becoming
concerned that U.S. production growth might
have passed its peak, amid speculation the
industry will not be able to increase production
at the same rate in 2020 as it has done in previous
years.
Increased output from shale formations has
helped the U.S. to become the world’s largest
oil producer and one of the leading exporters.
In the last decade, the U.S. has more than
doubled oil production to 12.66 million b/d,
according to data published by the Energy
Information Administration on Tuesday.
‘Vicious corrections’International benchmark Brent crude traded
at $66.26 Thursday afternoon, up over 0.3%,
while U.S. West Texas Intermediate (WTI)
stood at $61.11, around 0.1% higher.
Brent crude futures remain around 11% lower
when compared to an April peak, with WTI
down over 7% over the same period.
“The supply-demand balance for the first quarter
and first half of the year… does not guarantee a
substantial fall in global oil inventories,” Tamas
Varga, senior analyst at PVM Oil Associates,
said in a research note published Thursday.
Varga said that while no significant price
meltdown was anticipated in the short-term,
“vicious corrections could happen in coming
months.”
“The second half of the year … looks brighter
as global demand will pick up later in the year.
The oil balance is to get tighter provided OPEC
will keep fulfilling its swing producer role,” he
added.
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Page 7
Oil surges nearly 35% in 2019 and hedge funds are betting on more gains next yearPUBLISHED TUE, DEC 31 20196:54 AM
ESTUPDATED TUE, DEC 31 20192:35 PM EST
Pippa Stevens
West Texas Intermediate crude futures have
rallied 13% this quarter and nearly 35% this year,
posting oil’s best annual performance since
2016. And now big investors are starting to get
on board with the trade.
“Hedge funds have swung from extreme
bearishness to extreme bullishness,” Ned Davis
Research energy strategist Warren Pies said in a
note Monday. “In two months, hedge fund short
positioning in crude oil futures has gone from above 35% to below 9%.”
That said, it is important to note that much
of the current quarter’s gain is retracing a
decline that started at the end of September
and stretched into the current quarter. Brent
crude futures climbed nearly 23% this year.
One of the factors boosting prices is the
deeper-than-expected cut that OPEC and its
allies announced on Dec. 5. The cartel said
it was cutting production by an additional
500,000 barrels per day through the first
quarter of 2020, bringing the total production
cut to 1.7 million barrels per day.
WTI on Tuesday was trading at $61.16, down
52 cents on the day.
Following the larger-than-expected OPEC cut,
Goldman Sachs raised its 2020 Brent crude
and West Texas Intermediate crude forecast
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Page 8
by $3 to $63 and $58.50 per barrel respectively,
due to “more favorable inventories” following
the cut.
Pies said that heading into the end of the year
he remains “officially bullish on crude oil,”
especially since the long and short term trends
— key technical indicators — are rising. That
said, he noted that the bull case is weakening and
that investors should keep an eye on inventory
reports going forward.
RBC’s Helima Croft said that an improving
macro outlook should continue to boost oil
prices going forward. “The fact that the trade
war is not dominating the headlines, the fact
that people see light at the end of the tunnel,
that’s a really important story for oil right now
because the macro story was really holding oil
back,” she said.
She also noted that Chinese demand is holding up better than expected, which is a “really positive catalyst for oil,” and that OPEC’s larger-than-expected cuts should continue to support prices.For 2020, Francisco Blanch, head of commodities and derivatives research at Bank of America, sees WTI averaging $54 per barrel, with Brent at $60. In his 2020 energy outlook Blanch said that a “more accommodative Fed, rising US inflation, improving global growth conditions...and low oil inventories” should support prices. He forecasts global demand to reach 1.08 million barrels per day — up from 0.93 million barrels per day this year —
primarily driven by non-OECD nations.
Page 9
2019 CHRISTMAS PARTY CHARITY RAFFLE
The 2019 OCAPL Christmas Charity Raffle was a hit, bringing in over $42,000! Thanks to our generous sponsors, we donated $21,000 to both PIVOT and Good Shepherd Clinic. In efforts to enhance our relationship with our amazing charities, we plan to partner with them throughout the year for volunteer opportunities and events.
PIVOT (formerly known as Youth Services of Oklahoma County, Inc.) is a not-for-profit community organization that advocates, educates, intervenes, and counsels troubled youth and families to make a positive difference in their lives. PIVOT has been providing services to youth and families since 1972. The agency provides crisis intervention, counseling, shelter and other critical and much needed services to Oklahoma county youth and families.
Good Shepherd Clinic: Good Shepherd Clinic is a well-equipped medical home for hundreds of uninsured adults in Oklahoma. Licensed medical professionals, healthcare students from local universities and other caring volunteers offer an exceptional medical practice that provides prevention, wellness and sick care to low-income, uninsured people throughout central Oklahoma. In addition to medical care, the Clinic has offered dental care to children and adults almost since the medical clinic began. The dental clinic is staffed with the equivalence of one full-time dentist, two dental assistants, and one hygienist. Their services are multiplied through the work of volunteer dentists, dental students, and hygiene students. For more information, please visit http://goodshepherdokc.org/
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Happy New Year! I hope everyone is off to a great start for 2020. I hope you were able to attend our social event this past month. We had a great turnout. One of the things that is becoming apparent with each of the last meetings we have had is how tough it is in our industry right now. I have visited with many members that are now looking for a new project or job as a result of the slow down. One such member that I have known for years and is currently looking for a new opportunity is Brent Dixon, CPL.
As
GETTING TO KNOW A MEMBER
Q. Brent, the standard question for every interview is, how did you get into the oil and gas land profession?
A I am a second-generation Landman. My father, Richard Dixon had a very successful career working as a Landman which he served as president of OCAPL in 1986. Along with my father, my brother, Derek Dixon and even my father-in-law, Mike Schween, have all had careers in land. I guess you could say it runs in my blood and was always dinner table conversation.
Q. You have worked in the Land industry for some time now. What all have you been involved in up to this point in your career? Specifically, your favorite things.
A. I am a Certified Petroleum Landman with 11 years
of experience as an In-House Landman with over 14 years of land oil and gas experience. I started working in 2005 in Land Administration at Chesapeake Energy and worked my way up to being an E&P Land Supervisor. I honestly really enjoyed each position I held, they all taught me something new and how to be a better-rounded employee, mentor and leader.
To date, my favorite thing has been being afforded the opportunity to work multiple-basins across the United States and learning the unique nuisances of each area, along with each state’s different regulatory processes.
Q. Where is your favorite spot to take a vacation?
A. I have several places I like to visit; my family has
Happy New Year! I hope everyone is off to a great start for 2020. I hope you were able to attend our social event this past month. We had a great turnout. One of the things that is becoming apparent with each of the last meetings we have had is how tough it is in our industry right now. I have visited with many members that are now looking for a new project or job as a result of the slow down. One such member that I have known for years and is currently looking for a new opportunity is Brent Dixon, CPL.
As
GETTING TO KNOW A MEMBER
Q. Brent, the standard question for every interview is, how did you get into the oil and gas land profession?
A I am a second-generation Landman. My father, Richard Dixon had a very successful career working as a Landman which he served as president of OCAPL in 1986. Along with my father, my brother, Derek Dixon and even my father-in-law, Mike Schween, have all had careers in land. I guess you could say it runs in my blood and was always dinner table conversation.
Q. You have worked in the Land industry for some time now. What all have you been involved in up to this point in your career? Specifically, your favorite things.
A. I am a Certified Petroleum Landman with 11 years
of experience as an In-House Landman with over 14 years of land oil and gas experience. I started working in 2005 in Land Administration at Chesapeake Energy and worked my way up to being an E&P Land Supervisor. I honestly really enjoyed each position I held, they all taught me something new and how to be a better-rounded employee, mentor and leader.
To date, my favorite thing has been being afforded the opportunity to work multiple-basins across the United States and learning the unique nuisances of each area, along with each state’s different regulatory processes.
Q. Where is your favorite spot to take a vacation?
A. I have several places I like to visit; my family has
Page 11
had a cabin at Lake Hiwassee since I was a child and we love escaping for the weekends out there. My wife and I were married in Cabo San Lucas, so we try to get back there every couple of years and we make it a priority to go to Denver a couple times a year to visit my in-laws home.
Q. Favorite charity?
A I’ve spent a lot of volunteer time with Infant Crisis Services, the amount of aid they provide for families in our community is truly inspiring and my wife loves donating to the Oklahoma Humane Society. And although it’s not a charity, I’ve really enjoyed volunteering my time to my neighborhood as HOA President, helping make improvements and progresses.
Q. Favorite spot for dinner?
A. Sushi Bar in Edmond
Q. Pet Peeve?
A. Punctuality – Coach Vince Lombardi said it best, “If you are five minutes early, you are already ten minutes late.”
Q. Biggest prize you have ever won?
A. Set of irons at the OCAPL Golf Tournament.
Q. What is one unique thing about you?
A. I like to think that I am an amateur meteorologist. Oklahoma weather is fascinating.
Q. Top 5 things you would do if you won the lottery?
A. A: Great question! If I hit it big, I would pay off my house, travel with my family, invest, donate and then play a lot of golf!
Q. Tell us more about the opportunities you are looking for and how someone can get in touch with you.
A. I am very excited for this next chapter in my career and although times are tough right now I am determined to stay in the industry. I am currently looking for any in-house or contract opportunities. The easiest way to reach me is via my email at [email protected].
had a cabin at Lake Hiwassee since I was a child and we love escaping for the weekends out there. My wife and I were married in Cabo San Lucas, so we try to get back there every couple of years and we make it a priority to go to Denver a couple times a year to visit my in-laws home.
Q. Favorite charity?
A I’ve spent a lot of volunteer time with Infant Crisis Services, the amount of aid they provide for families in our community is truly inspiring and my wife loves donating to the Oklahoma Humane Society. And although it’s not a charity, I’ve really enjoyed volunteering my time to my neighborhood as HOA President, helping make improvements and progresses.
Q. Favorite spot for dinner?
A. Sushi Bar in Edmond
Q. Pet Peeve?
A. Punctuality – Coach Vince Lombardi said it best, “If you are five minutes early, you are already ten minutes late.”
Q. Biggest prize you have ever won?
A. Set of irons at the OCAPL Golf Tournament.
Q. What is one unique thing about you?
A. I like to think that I am an amateur meteorologist. Oklahoma weather is fascinating.
Q. Top 5 things you would do if you won the lottery?
A. A: Great question! If I hit it big, I would pay off my house, travel with my family, invest, donate and then play a lot of golf!
Q. Tell us more about the opportunities you are looking for and how someone can get in touch with you.
A. I am very excited for this next chapter in my career and although times are tough right now I am determined to stay in the industry. I am currently looking for any in-house or contract opportunities. The easiest way to reach me is via my email at [email protected].
Corporate Office: 10201 Buffalo Ridge Road
Edmond, OK 73025 (405) 359-6727
Fax (405) 359-6728
Rocky Mountain Office: 621 17th Street, Suite 945
Denver, CO 80293 (720) 627-6181
Fax (720) 627-6182
Texas Office: P.O. Box 1323
Canadian, TX 79014 (806) 323-6677
www.rkpinson.com
Providing Professional Land Services since 1986
Leasing •Expert Negotiations •Value Creation •Market Expertise •Professional Mineral Owner Relationships •Timely processing of documents Title Services •Prospect Strategy •Value Enhancement •Detailed Title Examination •Cursory Title Examination •Comprehensive Ownership Reports •Title Curative •Document Imaging •Surface and Seismic Examination for Permitting Acquisitions/Divestitures •Title Examination •Due Diligence •Property and Environmental Inspection •Contract Analysis •Document Preparation
Regulatory Application, Hearings and Permitting •Filing of State Regulatory Applications associated with the drilling of wells and water usage •Preparation of Notice lists and well proposals •Process Management •Expert witness testimony •Federal, State and local permitting •Seismic permitting •Preparation of Federal Application Permit to Drill •Preparation of communization agreements •Strategic planning Additional Land Services •Federal, BIA, and State bidding and lease acquisition •Mineral and Working Interest acquisition •ARC-GIS Mapping •Document Preparation •Prospect Management •Settlement of Surface Damages •Right-of-Way Acquisition •Water Use Agreements
Members of AAPL | OCAPL | TAPL | DAPL | HAPL
“Our Goal is to provide the best petroleum land services to our clients as is possible, to do it with integrity, confidence and efficiency, to treat all persons with respect and courtesy, to always act in a professional manner and to enjoy and grow in our chosen profession.”
Page 12
SPECIAL THANKS TO THE JANUARY
EDUCATIONAL LUNCHEON SPONSOR
REAGAN RESOURCES, INC.
Brandon Jenkins, Reagan Resources. Inc. & Clarke Richards, OCAPL
Education Chairman
IF YOU WOULD LIKE TO BE A LUNCH SPONSOR,
CONTACT [email protected] FOR
MORE INFORMATION!
Page 13
Dear Members, AAPL launched the Advisory Landman Connection Program to facilitate learning and development opportunities within the land profession. This program allows members to seek voluntary non-legal advice in which they may learn from each other on the topics of their choice and — through the use of technology — take advantage of a format to build relationships and enhance skills. The only cost for participation in the program is the commitment of an individual’s time, and desire for educational enhancement of the AAPL membership. Those interested will be connected with either an Advisor or Participant — depending on the specific desires of the applicant — in order to enable the individual to share their knowledge and career guidance to help each other grow as professionals. As a land professional, the committee wanted to bring the Advisory Landman Connection Program to your attention in the hopes that you would consider participating as either an advisor or a participant. As an advisor, you will be paired with a participant who seeks knowledge or experience throughout the different plays and basins that you have worked, which may include such topics as technology, negotiating leases, joint operating agreements, pooling, joint development agreements, title matters and general support for landmen new to the profession. Although the program is founded upon voluntary participation, an initial six-month program commitment is requested for advisors and participants. We hope that you participate in this mentoring opportunity that will remove the limitations and barriers that may exist in more traditional programs that may have been restricted by geographical boundaries. Our vision is to link members together for open discussion and communication with visual attributes that include face to face communication when possible, or by telephone, intranet, skype and email at a minimum of one hour per month. The AAPL and Advisory Landman Committee strive to utilize technology in order to facilitate the implementation of the Advisory Landman Connection Program. If you would like to participate in the innovative program, please visit landman.org/get-involved/mentorship. If you have any questions regarding this program, please contact me at [email protected]. Best Regards,
Clarke Richards, CPL Advisory Landman Connection Committee Chairman
Page 14
OCAPL MEMBERSHIP APPLICATION
MAIL THIS FORM ALONG WITH A CHECK MADE OUT TO OCAPL FOR $125 (IF APPLYING JAN-JUNE) OR PRORATED FEE OF $80 (IF APPLYING JULY-DEC) TO THE FOLLOWING ADDRESS: P.O. BOX 18714, OKC, OK 73154
Application is for:
Active - available to professional landmen regularly engaged in Petroleum Land work with one year or more experience or a Petroleum Land Management/Mineral Land Management and/or Energy Management Degree from a recognized college or university. Where salaried his employer must be regularly engaged in the Oil and Gas business.
Associate - available to professional landmen regularly engaged in petroleum land work with less than one year experience and persons who are associated with petroleum land work who have one or more years’ experience.
First Name__________________ Middle Initial_____ Last Name __________________________________
E-mail _____________________________________
Company___________________________________ Company URL_______________________________ Department__________________________________Title/Position________________________________ Spouse____________________________________ Education_______________________________________________________________________________ _______________________________________________________________________________________ How long have you actively been involved in land work?_________________ State the type of land work performed ________________________________________________________ Are You a Member of AAPL? ________ If so list AAPL Member #_______ CPL? ______ RPL? _________ Have you ever been convicted of a felony? _________ DATE OF BIRTH – Month _____Day ______Year______ COMPANY ADDRESS ___________________________________________________________________ COMPANY PHONE________________CELL PHONE____________________ HOME ADDRESS________________________________________________________________________ SPONSOR INFORMATION: 2 Sponsors are REQUIRED – Sponsors will be contacted prior to member approval. Referred by OCAPL Member Name __________________________________________ Referred by OCAPL Member Name __________________________________________
Page 15
AMERICAN ASSOCIATION OF PROFESSOINAL LANDMEN QUARTERLY BOARD of DIRECTORS MEETING, Grapevine, TX
December 15, 2019 The AAPL Quarterly Board Meeting was held on December 15th, 2019 at the Gaylord Texan Resort, Grapevine, TX. Jay Beavers, AAPL President, called the meeting to Order. The invocation was given by Mike Curry, followed by the introduction of guests and roll call of the Executive Committee, Directors and Committee Chairs. New Directors/Temporary and Sub-Directors were seated. Upon adoption of the agenda, the minutes from the last board meeting on September 19, 2019 were adopted by acclamation. Treasurer’s Report: Jason Maloy, Treasurer, provided a report on AAPL and its affiliates for the period ending September 30, 2019 as follows:
AAPL, Inc.’s total assets are $38,460,078, while total liabilities are $2,290,725. Revenues (exclusive of investment revenue) totaled $751,363 as of September 30, 2019. This is an increase of
1.2% from September 30, 2018. Expenses through September 30, 2019 totaled $1,633,056. This is an increase of 26.8% from September 30,
2018. The increase in expenses is mostly comprised of general and administrative expenses (increase of $154,673), education expenses (increase of $58,851) and IT and software expenses (increase of $47,953).
Investments as of September 30, 2019 are $30,100,811 which is an increase of $1,430,447. As of September 30, 2019, the Education Foundation, Inc.’s balance sheet reflects $4,375,164, which is a
decrease of $51.144 as compared to the same period last year. The Statement of Investment Accounts reflects $4,122,407 total monies invested which is a decrease of $111,444 as compared to the same period last year.
As of September 30, 2019, the Landman Scholarship Trust’s balance sheet reflects $7,698,712, which is a decrease of $153,191 as compared to the same period last year. The Statement of Investment Accounts reflects $7,614,499 total monies invested, which is an increase of $8,734 as compared to the same period last year.
AAPL General Report: New EVP Dr. Greta Zeimetz presented the AAPL staff report at the meeting. She is currently working on
areas to streamline and improve workflow including: o Calendar system – tracking who is in and out of the office. o Software/IT support o Human resources – orientation/on-boarding, personnel files, vacation and sick time tracking, job
descriptions o Membership, education and Certification
AAPL currently has 15,138 members. 2,920 of those have obtained their CPL and 1,874 have their RPL. As of November 18th, 2019, the Professional Development Assistance program has given $9,300, the
breakdown is as follows: o Institutes - $3,600 o Seminars - $3,000 o Oil and Gas Review - $1,200 o NAPE - $600 o Books and Videos - $300 o Exams - $300
NAPE Summit
NAPE Season Pass - a new season pass is available, which includes admittance to both NAPE summit and Summer NAPE and guarantees you pay the early bird price no matter when you register.
NAPE Charities Luncheon will feature Nikki Haley – former governor of South Carolina and US ambassador to the United Nations.
A job fair will be held for all NAPE attendees. NAPE Magazine – debuts with the October issue; all NAPE attendees receive a free annual subscription. New this year, NAPE is partnering with TCU to host the first Energy Innovation Case Competition. The AAPL
education foundation is the title sponsor and $40,000 in cash will be awarded to the students of the winning teams. 2020 NAPE Summit will once again feature a women’s event entitled Connections & Conversations: Women in
Energy with a moderated panel featuring Ali Pruner, Sarah Sandberg, and Jacki Deason.
Page 16
AMERICAN ASSOCIATION OF PROFESSOINAL LANDMEN QUARTERLY BOARD of DIRECTORS MEETING, Grapevine, TX
December 15, 2019 The AAPL Quarterly Board Meeting was held on December 15th, 2019 at the Gaylord Texan Resort, Grapevine, TX. Jay Beavers, AAPL President, called the meeting to Order. The invocation was given by Mike Curry, followed by the introduction of guests and roll call of the Executive Committee, Directors and Committee Chairs. New Directors/Temporary and Sub-Directors were seated. Upon adoption of the agenda, the minutes from the last board meeting on September 19, 2019 were adopted by acclamation. Treasurer’s Report: Jason Maloy, Treasurer, provided a report on AAPL and its affiliates for the period ending September 30, 2019 as follows:
AAPL, Inc.’s total assets are $38,460,078, while total liabilities are $2,290,725. Revenues (exclusive of investment revenue) totaled $751,363 as of September 30, 2019. This is an increase of
1.2% from September 30, 2018. Expenses through September 30, 2019 totaled $1,633,056. This is an increase of 26.8% from September 30,
2018. The increase in expenses is mostly comprised of general and administrative expenses (increase of $154,673), education expenses (increase of $58,851) and IT and software expenses (increase of $47,953).
Investments as of September 30, 2019 are $30,100,811 which is an increase of $1,430,447. As of September 30, 2019, the Education Foundation, Inc.’s balance sheet reflects $4,375,164, which is a
decrease of $51.144 as compared to the same period last year. The Statement of Investment Accounts reflects $4,122,407 total monies invested which is a decrease of $111,444 as compared to the same period last year.
As of September 30, 2019, the Landman Scholarship Trust’s balance sheet reflects $7,698,712, which is a decrease of $153,191 as compared to the same period last year. The Statement of Investment Accounts reflects $7,614,499 total monies invested, which is an increase of $8,734 as compared to the same period last year.
AAPL General Report: New EVP Dr. Greta Zeimetz presented the AAPL staff report at the meeting. She is currently working on
areas to streamline and improve workflow including: o Calendar system – tracking who is in and out of the office. o Software/IT support o Human resources – orientation/on-boarding, personnel files, vacation and sick time tracking, job
descriptions o Membership, education and Certification
AAPL currently has 15,138 members. 2,920 of those have obtained their CPL and 1,874 have their RPL. As of November 18th, 2019, the Professional Development Assistance program has given $9,300, the
breakdown is as follows: o Institutes - $3,600 o Seminars - $3,000 o Oil and Gas Review - $1,200 o NAPE - $600 o Books and Videos - $300 o Exams - $300
NAPE Summit
NAPE Season Pass - a new season pass is available, which includes admittance to both NAPE summit and Summer NAPE and guarantees you pay the early bird price no matter when you register.
NAPE Charities Luncheon will feature Nikki Haley – former governor of South Carolina and US ambassador to the United Nations.
A job fair will be held for all NAPE attendees. NAPE Magazine – debuts with the October issue; all NAPE attendees receive a free annual subscription. New this year, NAPE is partnering with TCU to host the first Energy Innovation Case Competition. The AAPL
education foundation is the title sponsor and $40,000 in cash will be awarded to the students of the winning teams. 2020 NAPE Summit will once again feature a women’s event entitled Connections & Conversations: Women in
Energy with a moderated panel featuring Ali Pruner, Sarah Sandberg, and Jacki Deason.
Summer NAPE o NAPE Season Pass - a new season pass is available, which includes admittance to both NAPE summit
and Summer NAPE and guarantees you pay the early bird price no matter when you register.
Annual Meeting
The 2020 Annual Meeting will be held June 17-20, at the Hyatt Regency Hotel in Huntington Beach, California. Special events this year: THUMS Island tours, workouts on the beach, Landman Bash on the beach, AAPL
Champion Golf Tournament at Pelican Hill. Registration is now open.
Other Noteworthy News/Reports:
Professional Development Assistance Program – as mentioned earlier in this report, this program reduces the registration fee up to $300 for AAPL operated events including the Annual Meeting, the NAPE Business Conference, and educational workshops and seminars. For more information about this program go to: https://www.landman.org/professional-development/professional-development-assistance
If you are interested in networking and mentoring, I encourage you to look into the Landman Advisory Connection Program. The program provides a platform for experienced land professionals to mentor new members of our profession or those who may desire to enhance their skills in a certain area of focus. More information is available on the AAPL website
The next Board of Director’s meeting will be at The Marriott Louisville Downtown, Louisville, KY. March 6-8, 2020.
If you are interested in serving on an AAPL or OCAPL committee or otherwise becoming more involved, please feel free to contact me. Additionally, if you have any questions, comments, concerns, or ideas regarding the AAPL and/or its services, please do not hesitate to reach out. Respectfully submitted, Robert Rice AAPL Director
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2020 OCAPL Officers*Executive Officers
and Committee Chairman Advertising Price List for the Ocapl Record
Advertisement Price:_______ Quarter Page Add @ $750 for full year (10 issues)Ad Requirments:- 3 1/4 wide x 4 1/2 tall
- Ads need to be submitted in PDF or JPG with at lease 150 dpi resolution
Payment is due prior to publicationCONDITIONS: All advertising copy is subject to the ap-proval of OCAPL. Where copy is not furnished by the deadline date, the space reserved will be moved to the next issue subject to availability. Advertising is accepted in the order in which it is received until all space is filled.
Oklahoma City Association of Professional Landmen Office
Teresa PortwoodOCAPL OfficeP.O. Box 18714Oklahoma City, OK [email protected]: www.ocapl.org
Next Newletter Deadline:February 13, 2020
2019 Newsletter Chair:Tyler Hogland
Prepared by Dustin Burton
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