Working Interest and Net Revenue Interest Calculations - Basic - May 5, 2023

  • Registration Closed

COURSE OVERVIEW:

This workshop is intended to equip Land Professionals with elementary skills for Working Interest [WI] and Net Revenue Interest [NRI] calculations. Instruction is limited to NRI and WI calculations which may be found in leases, assignments, operating agreements and associated documents.

BASIC COURSE CONTENT:

  • Effects of Typical Lease Clauses
  • Granting Clause
  • Royalty Clause
  • Proportionate Reduction Clause  Assignment Clause
  • Pooling Clause
  • Analysis of Calculation & Concepts
  • Average Royalty vs. Weighted Average Royalty
  • TPF
  • Balancing Owner
  • Lease vs. Tract vs. Unit vs. Field-wide Unit  vs. Field wide Unit
  • Surface Average Allocation vs. Volumetric Allocation
  • Farmouts
  • JOA

Douglas M. Potter, CPL

KJBP Corp.

Douglas M. Potter received his BS in Geology in 1976 and MBA in Finance in 1981 from the University of Colorado in Boulder. As a Geologist, Potter worked for Conoco in Wyoming [Uranium] and Cordillera Exploration in Bolivia [Gold]. As a company Landman, Potter worked for Phillips Petroleum [Oil Shale],  Atlantic Richfield Company, and Anadarko Petroleum Corporation.

Potter’s diversified background includes serving in other capacities, including Independent Landman, Division Order Analyst, Lease & Title Analyst, and Supervisor of GIS Mapping. Potter is a Certified Professional Landman [CPL], a Certified Division Order Analyst [CDOA], and a Certified Lease & Title Analyst [CPLTA].

In 2012, Doug Potter was awarded Landman of the Year by the Denver Association of Petroleum Landmen and the recipient of the AAPL Education Award for 2014.  Doug Potter is a member of the Denver Association of Petroleum Landmen, American Association of Professional Landmen, Denver Association of Division Order Analysts, National Association of Division Order Analysts, Denver Association of Lease & Title Analysts, National Association of Lease & Title Analysts, Rocky Mountain Association of Geologists, and is a Distinguished Toastmaster.

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Working Interest and Net Revenue Interest - Webinar
05/05/2023 at 8:00 AM (CDT)  |  480 minutes
05/05/2023 at 8:00 AM (CDT)  |  480 minutes 6 CEUs
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WI Basic - Survey
5 Questions
5 Questions Complete the survey to view certificate.
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WI Basic - Certificate
Live Viewing: 6.00 CEU credits and certificate available
Live Viewing: 6.00 CEU credits and certificate available
You must register to access.