A review of petroleum engineering for non-engineers

Allocation Wells discussion

Participation Agreements

Tempest at Teapot Dome

Discussion regarding the updates and changes to the AAPL 2015 JOA

• AAPL Update - Mike Curry;
• Offshore Drilling - Keith Couvillion;
• Independent Contractor - Alan Morgan;
• Upcoming Supreme Court Decisions - Stephen K. Newton;
• Panel Discussion: Mergers & Acquisitions - Frank Klam, Robin Galvin, Stuart Rexrode, Joseph Williams;
• Deed Construction Issues - Robert Ballentine;
• Oil and Gas Law Update - Austin Brister;
• Ethics: "A Funny Thing Happened..." - Rand Marsh

Decisions pivot on cash flow analysis, and cash flow builds on all of the major drivers in the business. Reliable cash flow analysis requires a broad understanding of the issues and methods for inputs ranging from geology to gas differentials, from decline curves to discount rates. Mr. Purvis will survey methods, notable issues and misunderstood assumptions for creating and interpreting cash flows. 

Learning objectives: 
- Be able to dissect a reservoir engineer's cash flow projections.
- Be able to ask meaningful questions about the underlying work process that created the assumptions.
- To apply appropriate concepts of uncertainty to comprehend the implications of the analysis.

Presented at 2019 Annual Meeting: The basics for federal oil and gas leases

Presented at 2019 Annual Meeting: Held by Production in the Appalachia Basin

Presented at 2019 Annual Meeting: Covenants running with the land