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