Agenda
Registration: 8:00 – 8:30 am
Morning Session: 8:30 am – 12:15 pm
Lunch (On your own): 12:15 – 1:15 pm
Afternoon Session: 1:15 – 4:30 pm
Operating Agreements and Model Forms
Examining parties and interests involved
Process for developing oil and gas wells
Reviewing other agreements involved in the development process
• Exploration agreements
• Participation agreements
Historical development of American Association of Professional
Landmen’s (AAPL) Model Form Operating Agreement 610 (1989)
Reviewing the 1989 AAPL Model Form Agreement
When to use the form
Interests, expenditures and liability of parties
Title issues
Operator
Acquisition, maintenance or transfer of interest
Claims and lawsuits
Force majeure
Notice and terms of agreement
Compliance with laws and regulations
Exhibits
Additional Article 16 Provisions
Dispute resolution
Bankruptcy
Billing of additional interests
Horizontal drilling
Reviewing Exhibits to Agreement
Contract area
Leases
Account procedures
Insurance
Tax partnership and IRS election
Other exhibits
Handling Ethical Issues in Oil
and Gas Exploration and Production
Conflicts of interest
Gifts
Confidentiality
Maintaining accurate records
Credits
Attorneys
6.5 Texas CLE Hours (1.0 Ethics)
6.5 TBLS Hours:
Administrative Law
Civil Appellate Law
Civil Trial Law
Oil, Gas and Mineral Law
Real Estate Law
Professional Engineers
6.5 CE Hours (1.0 Ethics)
Landmen
6.5 AAPL CE Hours
Paralegals
6.5 CLE Hours
Civil Trial Law
Real Estate Law
Continuing Education Credit Information
This seminar is open to the public and is approved for 6.5 CLE hours, including 1.0 ethics hour, for Texas attorneys. The Texas Board of Legal Specialization has awarded 6.5 hours in the areas of Administrative Law, Civil Appellate Law, Civil Trial Law, Oil, Gas and Mineral Law, and Real Estate Law.
This seminar offers 6.5 PDHs, including 1.0 ethics hour, to Texas professional engineers.
The American Association of Professional Landmen has approved this program for 5.5 RL, RPL or CPL recertification credits,1.0 ethics credit, and no CPL/ESA credits.
The Texas Board of Legal Specialization has approved this course for 6.5 Civil Trial Law and 6.5 Real Estate Law CLE credits for Texas paralegals.
Attendance will be monitored and reported, as required. Attendance certificates will be available after the seminar for most individuals who complete the entire event. Attendance certificates not available at the seminar will be mailed to participants within fifteen business days.
Speakers
Edward Wilhelm
Wilhelm Law FirmWilhelm Law FirmMr. Wilhelm is licensed to practice law in Texas, Louisiana, and North Dakota. Mr. Wilhelm focuses his practice on oil and gas law, probate, wills and estate planning, commercial litigation, and representation of foreign businesses that invest in oil and gas activities. His oil and gas work focuses on the real estate side (oil and gas title examinations, acquisitions and divestitures of oil and gas interests, due diligence, and commercial negotiations). Prior to becoming a lawyer, Mr. Wilhelm worked as a petroleum landman in over 15 Texas counties. Mr. Wilhelm earned his J.D. degree from the Tulane University Law School in New Orleans.