Course Name: Petroleum Land Management Certificate Program
Spring 2012 Dates: Jan 19-20, Feb 2-3, 20-21, March 1-2, 29-30, April 19-20, May 3-4, 2012
Cost: Certificate $4290.00
Location: Tandy Hall, Room 320
Course Name: Special Sessions- Evening
(please contact the Tandy office at 817-257-6033 for registration information)
Spring 2012 Dates: 1/31, 2/2, 2/7, 2/9, 2/14, 2/16, 2/21, 2/23, 2/28, 3/1, 3/6, 3/8, 3/13, 3/15, 3/20, 3/22, 4/3, 4/5, 4/10, 4/12, 4/17, 4/19, 4/24, 4/26, 5/1, 5/3, 5/8, 5/10
When rescheduling occurs our policy requires a $50 administrative transaction fee. If TCU reschedules or cancels any classes all fees paid will be promptly refunded or applied to a later class date at the customer's discretion. All registrations will be confirmed.
Policy for Attendance, Absence and Enrollment
- All 98 hours must be completed within one semester. There are no exceptions.
- All registrant must attend all nine courses. If an absence occurs due to unforeseen circumstances, or medical situations (only one is allowed per student), then the Tandy Director must be notified in writing by the student within three days. The student will incur an “administrative processing fee” and must submit on line before any changes are requested by the student. No exceptions. Call the Tandy Center if you need assistance locating this link.
- The one absence may be replaced by 1) paying for and attending one of the open enrollment advanced courses (this is outside the student’s tuition payment already received on the certificate program). The advanced class will not be substituted unless the student submits the request in writing and the administrative processing fee and the class tuition has been processed. 2) Contact the director for information on the exam.
- A student who has enrolled in the open enrollment classes in a previous semester may request entry into the Certificate program the following semester with the understanding that any classes previously taken will not be counted towards the student’s certificate program hour completion for the semester requested. There are no exceptions.
Basic Certificate Course Information:
The Petroleum Land Management Program is for those individuals desiring to pursue or continue a career in Energy, Oil, Gas and Petroleum Land related activities. The program is also applicable for attorneys, lease agents and industry professionals who are interested in a deep dive of the best practices and systems associated with the industries.
The audience: The program is designed for landmen, lease agents, right of way agents, brokerage and title analysts, attorneys, and others involved in supporting exploration and development activities.
Program overview: The curriculum consists of nine courses which will provide graduates with the skills necessary to augment their career in land management, gas, oil and energy exploration, due diligence and production oversight. Each course is either one or two days in length. Upon successful completion of the nine course program the Petroleum Land Management Certificate will be awarded. The courses within this certificate program can be used for continuing education credits for the American Association of Petroleum Landmen recertification and the Texas BAR Associations MCLE accreditation.
- Petroleum Land Management -- 2 day course course January 19 & 20
This course presents a broad overview of the most needed information related to petroleum land management with significant time focused on the role of the oil and gas lease, oil and gas contracts and understanding critical petroleum land title issues and solutions. The certificate course overview is provided in this two day format.
- Critical concepts: Oil and Gas Law for the Petroleum Industry -- 2 day course February 2 & 3
This course explores how oil and gas law drives and impacts the oil and gas industry. The facilitators will discuss activities associated with litigation and due diligence relative to the responsibilities of oil and gas lenders, investors, lessors, working interest owners, government regulators, attorneys, landmen and others.
- Understanding and Negotiating the Oil & Gas Lease -- 2 day course February 20 & 21
When minerals are owned by a private citizen or entity, oil and gas companies must lease the minerals prior to drilling for oil and gas. A mineral lease is a contractual agreement between the owner of a mineral estate and another party such as an oil and gas company. The lease gives an oil or gas company the right to explore for and develop the oil and gas deposits in the area described in the lease. As with any partnership, open communication is necessary to maintain a successful relationship. This course provides a solid understanding of the more common provisions and the legal significance of an oil and gas lease and the communication needed to complete those processes related to oil and gas leasing.
- Effective Structuring, Negotiating and Drafting -- 2 day course March 1 & 2
This course assumes some knowledge of mineral conveyancing and addresses, in more depth, the Farm-out Agreement and Joint Operating Agreement. During this session, the instructor will explore the special issues such as what to do about gas balancing problems, the use of area of mutual interests "AMIs," as well as, problems such as costs of completing and reworking wells, dealing with non or underperforming operators and how to remove the obstacles.
- Understanding and Analyzing Title Issues -- 1 day course March 29
This course covers crucial information for the land professional dealing with critical title issues and conveyances that impact how oil and gas interests are calculated and maintained. The facilitator will lead participants through critical thinking activities in order to explore problem solving related to critical issues.
- Curing Oil and Gas Lease and Petroleum Land Title Defects -- 1 day course March 30
This course presents one of the most important functions known as curing land titles. The purpose of a title opinion, whether it is for lease acquisition, drilling, division order, security, or production purchase purposes; will control the format of the opinion, the information reported in the opinion, and what title defects lead to title requirements.
- Land Personnel and the Effective Use of Due Diligence : Ethics and Negotiations -- 1 day course April 19
In this course, students learn the why’s and how’s of due diligence examination, a term that comes from provisions in the typical purchase and sale agreement that deal with the buyer's examination of the property and the seller's records. The course will be useful not only to land professionals but also to management and administrative personnel, lease record analysts, division order analysts, attorneys, paralegals and other persons who, regardless of their job titles, have been called upon to participate in the land and title aspects of acquisition and divestment.
- Understanding and Effectively Settling Surface Damage Claims -- 1 day course April 20
This class expands on the content presented in earlier session Critical Title Issues with more advanced issues relating to title problems and how to solve them. Not only will participants explore more elaborate terms but will learn to solve problems involving lease and title problems. The discussion will also include how to handle existing problems and avoid problems with surface owners during title issue acquisitions.
- Oil & Gas Tax & Petroleum Economics -- 2 day course May 3 & 4
The course covers topics that include real property and oil and gas law including key issues related to acquiring and properly protecting oil and gas interests. Also included are economic and financial decision-making and the role of taxation in such decisions. The role of leases, contracts and land titles will be discussed in depth including joint operating agreements and farmout agreements (the AAPL Model Form). Also considered will be the rights of working interest owners and means of handling defaulting parties. Internet tools and ethics in the oil and gas industry are also discussed. Cases and practical exercises are included. The cases will focus on actual PLM situations where financial decision making is eminent and the rights of owners will be addressed.
Course Name: (Advanced Open Enrollment) Finance and Control for the Petroleum Land Management and Energy Professional
Instructor: Thomas Moeller, Assistant Professor of Finance
Dates: April 20, 2012
Times: 8:30 am – 4:00 pm
Location: Tandy Hall, Room 320
The objective of this workshop is to understand financial methods that should be applied in oil and gas firms. Participants will learn key areas of finance, performance analyses, evaluation, and financial structures. We want to highlight for you financial concepts and high quality decision making. Concepts will include broad overviews of financial concepts plus details on particular examples of business organizations. Such topics include items such as how best to manage finance over time, internal rates of return, net present values, and proper discount rates (which have been highly debated in recent years). Learning methods and concepts will be further comprehended through two case studies entitled, "New America Drill" and "Gulf Oil." The overall goal is to understand broad and key applications of finance that help oil and gas firms conclude what best financial practices are most applicable.
Participants of the oil and gas financial planning and control course will learn key applications that will give them the confidence in their ability to examine the important evaluations that they will need to apply in key financial applications in their respective firms.
Course Name: (Advanced Open Enrollment) Negotiating and Ethics that Win
Instructor: Patrick Fitzgerald
Dates: April 18, 2012
Times: 8:30 am – 4:30 pm
Location: Tandy Hall, Room 320
In this course we utilize the best practices in land management and codes of ethics from groups such as the AAPL in order to present and understand the importance of ethics when engaged in negotiation. Students will improve their effective ethical decision making and negotiating skills. A number of situations will be presented that are likely to be encountered in land work. Not only will we become familiar with best land practices and various codes of ethics, but we will apply these in negotiating numerous workshop scenarios with “hands on” efforts at negotiating actual land deals including leases, farmouts and joint operating agreements. Specific topics include: What is negotiation?, Negotiation as a Skill, Forms of Negotiations, Competitive Negotiations, Collaborative Negotiations, Negotiating Style, Styles of Negotiation, Sources of Power, Characteristics of a Good Negotiator, How to Prepare for Negotiation,Types of Land Negotiations, Ethics and Negotiation Techniques and Ethical Decision Making for Difficult Ethical and Negotiating Dilemmas that Get Positive Results.
Ethical Responsibilities of Attorneys and Landmen in Oil and Gas Transactions
The Landman and Attorney working within the Petroleum, Land Management, Gas and Energy Industries, share a responsibility; to at a minimum, review and discuss the Disciplinary Rules and or AAPL Code of Ethics. Reviewing the Preamble to the Disciplinary Rules is similar in effect to the AAPL Code of Ethics. In other words, applying the lawyer's responsibilities in the Preamble to ethical issues without benefit of the Disciplinary Rules would be similar to applying the AAPL Code of Ethics. This is just a taste of the discussion that will ensure in this exciting and engaging session designed for professionals in the Petroleum, Land Management, Gas and Energy Industry.
Course Name: (Advanced Open Enrollment) Calculating Interests, Royalties and Net Revenue
Instructor: Russell McInturff
Date: March 14, 2012
Times: 8:30 am - 4:30 am
Location: Tandy Hall, Room 320
Oil and gas leases contain a royalty clause. A royalty is the landowner's share of the gross production, which is free of the costs of production. It is probably the most important part of the lease to the landowner. Landowners can have problems understanding how the royalty is determined. There are certain costs in drilling and producing a paying oil or gas well. The costs are divided between the production company and the landowner. The production company bears the exploration, production, and marketing costs unless there is a clause in the lease that states differently. Expenses that occur after production can be borne by the production company or shared by the production company and the landowner. The Tandy Center Energy, Oil and Gas production experts will do a deep dive and hands on activities to help you understand thep processes and procedures related to Royalties, Calculating Interest and Revenue.