Working Interest and Net Revenue Interest Calculations - Basic - September 12, 2024

Includes a Live Web Event on 09/12/2024 at 8:00 AM (CDT)

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Working Interest and Net Revenue Interest - September 12, 2024
09/12/2024 at 8:00 AM (CDT)  |  480 minutes
09/12/2024 at 8:00 AM (CDT)  |  480 minutes ***Please note: This webinar WILL NOT be recorded or archived for later viewing.***
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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.

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

OBJECTIVES: "At the end of the course, the learner will be able to:"

  •  Interpret and analyze typical lease clauses, such as granting, royalty, proportionate reduction, and pooling clauses, and how they effect Working Interest (WI) and Net Revenue Interest (NRI) calculations. 
  • Calculate WI and NRI using different methods and concepts. 
  • Demonstrate competency in applying their knowledge of WI and NRI calculations.

*******Please note: This webinar WILL NOT be recorded and archived for later viewing.*******

Speaker: Doug Potter

6 CEU's

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.