Jake LaCaze

I’d like to say that Sherry did a great job yesterday and that the course was a great refresher for me. Sherry obviously knows her stuff and is an excellent instructor. My only complaint is that I wish that the class had been offered immediately after I was promoted to landman. Maybe I wouldn’t have struggled so much with calculating NRI for the first time in a few years.

Thanks,

Jake LaCaze, RPL

Landman, Laredo Petroleum Inc.

Test Questions Examples

Can you answer these questions?

 If you take our class, you will know the answers

Plat the following:

NE/4 NW/4, SE/4, NE/4 NE/4 SW/4

How many acres are in each description? (Hint – there are three descriptions in the above example)

You are involved in due diligence for your company.   Which of the following would you use to verify the company’s net working interest.

____1) Joint Interest Bill

____2) Oil check detail

____3) gas check detail
The term 8/8ths means….

___1      eight owners in the unit

___2      the production is multiplied 8 times

___3      100%

The term “burdens” describes

___1      The cost to drill the well

___2      Royalty and override owners cost on the lease

 

Do you understand formulas in opinions and what the numbers represent?

Viewing this example, give the gross working interest for this owner:

120/640 x 13/16

less 120/640 x 1.25%

plus 40/640 x 7/8 less

20/640 x 6.25%

Cynthia Howard

Bless you ladies for taking your precious time outside of work and making this genuine effort to assist all of those of us who are struggling in our daily duties to, first of all, keep up with all that needs to be done along with little or no on-the-job training, to survive.  In my particular situation I do not just perform division order analyst duties and therefore am unable to retain what division order task I performed last week.  The materials provided are first rate for us rookies and I am much more confident now on behalf of my company to perform these duties.  I have been to previous workshops where it was just assumed that I already had lots of experience, when it was supposedly a “beginners” workshop, and asked millions of questions and left very confused!  So, my conclusion to all of the other workshops I have attended is that the instructors should not be landmen they should be division order analysts!  Thank you, thank you, thank you.  I plan on attending any further workshops you coordinate.  Please do not lose my e-mail address.

Name: Cynthia Howard, Land Technician
Company:       Harding & Shelton, Inc.
EnerVest, Ltd.

Jesenda Lynne Burns

Sherry,

I would like to take this opportunity to thank you for the conference call on Friday!  We just bought some Oklahoma properties and although I knew about the Senate Bill 168 and the PPI, I had never worked on this before.  The information you gave us will be invaluable.

As you know, I sent 3 people from my department to attend your seminar in Fort Worth on September 7th & 8th.  They all said it was the best seminar they had been to.  Please let me know when you will be in Houston – I will send the rest of my department!

Thank you for your contribution to our industry.  It means so much that you are willing to share your information with all of us – so we all get smarter!

Thanks again Sherry!

Jesenda Lynne Burns
Division Order Manager – Western Division
EnerVest, Ltd.

Paula Ward

Hey girls,

Thought you might like to know that I am using your spreadsheet.  I worked up a well with it and gave it to my boss next to the ones I have been using (3 separate spreadsheets) and I think he was impressed that what took me 3 you could do in just 1 – I certainly was.  Anyway I am going to use it all the time and I think once he gets used to it he will really like it as well.

Thank you so much.  I have been in this business for 30 years and really resisted going to your class, but Jim insisted.  I am so glad he did!  Even an old “dog” can still learn something.

Paula

Paula Ward
Right of Way Land Services, LLC

In House:

Oil and Gas Calculations – Part 1

Plat a legal description, discuss survey systems in U. S., History of Pooling and Spacing. Review the royalty history covering the Blanchard Decision (still used in Arkansas) and Senate Bill 168 in Oklahoma.  Discuss the different producing states and the calculation of the royalty.  Read calculations in a title opinion, discuss burden relationships and calculate royalty, overrides and net working interest. Understand working interest leasehold net and net revenue in the well.  Chain Title to understand the flow of ownership.  Calculate PPI’s in Oklahoma.

Oil and Gas Calculations – Part 2

The student needs to have taken Part 1, or, understand how to calculate net working interests and the burden relationship.  Cover non-ops and well set ups for your company’s 8/8thsFarm-outs and reservation scenarios. Calculate back in after payout, non-consent working interest and the formula.  Problem solving using real life examples, discuss different attorney styles and how to understand their calculations..  Discuss gas balancing and volumes.  Cover spreadsheet building in excel with files emailed after class.  Work tips to assist you in your day to day work.

 

Appalachia (if requested):

 

  • Flat Rate Royalty
  • Guaranteed Minimum Royalty Act
  • Tract Participation Percentage (TP %)
  • Lease Well/Unit Well
  • Apportionment
  • Pennsylvania Dunham Rule

 

James E. Fabre

Houston workshop, March 19th & 20th, 2012

Ms. Sherry Robinson & Ms. Rhonda Stacy,

I wanted to take the time today to express my appreciation and respect I have for you two and your Division Order Beginnings class.  I have been to several other classes like this one and your course was, by far, the best one yet!!

I wanted to let you know that the material covered in class was explained very clearly and was easy to understand and follow… mainly because of the flow from a 5th grade level to much more complicated scenarios.  I have noticed, in the past, if you ease into something, that has the potential of being very complicated or hard, one is less and intimidated.  Which I find in life is a huge barrier of a person’s overall understands of any situation.

I valued the hands on calculations mainly because this is how I, and most others, learn best!!  Another great aspect of the class was the strategic/periodic lectures that gave that calculation portion of the brain a little rest.  I truly appreciate how easily it was to access you two if any questions were to come up.  I also respected how you walked through the class and made sure that everyone was working their calculations correctly and made constructive corrections when you saw that it needed.  Another huge thing that I noticed is that no matter how many questions were asked, to either one of you, ya’ll never look irritated, frustrated or had any outward inclination of negative energy.

I always appreciate tangible sources of knowledge and I have a bunch of these types of workbooks in my office.  However, the one I acquired from your class is, by far, better than the others that I have.  I believe anyone (even those that didn’t attend the class) can open it and understand the insides and learn.  This book will be a great source of knowledge and I will refer back to it for any questions that I may have in the future… because even though I have two mentors, I still like to get to a correct answer myself.

I appreciated the way you explained how to effectively read and analyze a Drilling Opinion and a Division Order Title Opinion.  I hate to say it, but I was feeling like I needed a lesson, or two, on how to locate and calculate the different interests in a given property.  I honestly have to say that after the Division Order Beginnings 2 day class I feel more comfortable in progressing.  I am actually looking forward in working another property, so that I can implement the information, techniques and calculations that I learned in class.

I look forward in receiving the email from you with the spreadsheets covered in class.

Lastly, I wanted to say those two basic words… “THANK YOU!!”

Respectfully,

James E Fabre

Anadarko Petroleum Corporation