Operating Agreements in Oil and Gas
DISCLAIMER
Before undertaking any on-demand effort, you should review the rules of your licensing/certifying entity.
It’s your responsibility to determine whether this on-demand course meets your continuing education requirements.
You must take and pass a quiz to receive credit. You can take the quiz as many times as needed and there is no time limit on the quiz.
Once the quiz is completed, you will be asked to download your certificate.
**Any on-demand programs that qualify for AIA or LACES credit will require an additional 2 business weeks for processing.
**AIA credit is not available in USB format.
Streamable MP4/PDF
You will receive an automated email letting you know when your On-Demand package is available approximately 3 business days after the date of the live event or the date of your order, whichever is later.
**Any streamable on-demand programs that qualify for AIA or LACES credit will require an additional 2 business weeks for processing.
The automated email letting you know when your On-Demand package is available will contain links to the video recording, materials, and program quiz.
To track your purchase, you will need to create an account on the website using the email address used for your registration.
For AIA requirements only, the on-demand recording will have occasional question prompts that will not allow the video to progress unless they are answered, and you will not be able to skip forward while watching the video.
Please note, if you attempt to resume watching the video on a separate device, your progress will not be saved.
Click the link which appears at the end of the video to be taken to the course quiz.
You will have unlimited access to the on-demand video recording, and it will never expire.
USB MP4/PDF
HalfMoon will mail these materials via USPS.
USB orders ship approximately 3 business days after the program takes place or after the order is placed, whichever date is later. Please allow an additional 7-10 business days for shipping.
**Any USB on-demand programs that qualify for LACES credit will require an additional 2 business weeks for processing.
**AIA credit is not available in USB format.
The link to the quiz will be available in a PDF in your USB drive marked QUIZ.
HalfMoon will contact you and issue a full refund if the product you ordered is not available. However, refunds will not be issued if completion certificates are requested.
Please contact HalfMoon Education if you have any questions during the process of taking this course. (715) 835-5900 or qchapman@halfmoonseminars.org
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.
