Working with Oil & Gas Contracts

Working with Oil & Gas Contracts

April 1-2, 2024 | Online :: Central Time

This comprehensive course is designed to empower industry professionals with the knowledge and skills essential for navigating the intricate landscape of oil and gas contracts. In this program, participants will gain insight into the fundamental elements of valid contracts, with a specialized focus on the unique features that distinguish oil and gas agreements.

Agenda items include, but are not limited to:

  • Essentials of mineral and surface property rights
  • Leases
  • Joint operating agreements
  • Farmout agreements
  • How to draft, interpret, and manage oil and gas agreements
  • Regulatory and compliance considerations, ranging from title and ownership issues to environmental regulations
  • Real-world case studies of contract disputes

This course goes beyond theory, offering a hands-on approach to enhance negotiation and communication skills specific to the oil and gas industry. Whether you are a land manager, project manager, or executive within the industry, this course is tailored to elevate your proficiency in oil and gas contracts, equipping you with the expertise needed to contribute to the success of your projects and organizations.

Learning Outcomes

  • Define the essential components of a valid contract and the specific features that make oil and gas contracts unique
  • Differentiate between oil and gas leases, joint operating agreements, farmout agreements, gas gathering and processing agreements, pipeline transportation agreements, and supply agreements
  • Analyze distinctive features, parties involved, and key terms in each type of agreement
  • Draft and analyze the key provisions in oil and gas contracts (i.e., property descriptions, payment terms, consideration, force majeure clauses, etc.)
  • Explain how title and ownership considerations vary when working with federal, tribal, state, and individual owners
  • Identify and navigate permitting and licensing requirements, environmental regulations, and health and safety considerations in oil and gas operations
  • Develop strategies for dispute resolution and risk mitigation as well as effective negotiation skills specific to the oil and gas industry

          Agenda

          Monday, April 1, 2024 : Central Time

          8:45 – 9:00 a.m.
          Log In and Welcome

          12:30 – 1:15 p.m.
          Lunch Break

          9:00 a.m. – 4:30 p.m.
          Course Timing

           

          Introduction

          • Importance of Understanding Property Rights Unique to Oil and Gas
          • Mitigate Risk and Liability and Avoid Litigation

          Essential Elements of a Valid Contract

          • Offer and Acceptance
          • Defined Relationships
          • Equal Representation
          • Authorized Signatory

          Key Elements Unique to Oil & Gas Contracts

          • Title and Ownership of Mineral and/or Oil and Gas Interests
          • Duration
          • Conflicts between Surface and Mineral Rights
            • The Dominant Estate Doctrine and the Accommodation Doctrine
            • Mitigating Surface Rights Issues through Contracts

          Basics of an Oil & Gas Lease

          • Identification of Parties
          • Key Terms
            • Property Description
            • Term, Termination, and Extension
            • Payment Terms and Consideration
            • “Savings” Clauses
            • Pooling and Unitization
            • Force Majeure

              Basics of a Joint Operating Agreement

              • Identification of Parties
              • Key Terms
                • Operational Control
                • Funding and Costs
                • Title and Ownership
                • Area of Mutual Interest (AMI) and Non-Competes
                • Diligence Expectations
                • Default, Notice to Cure, and Termination
                • Force Majeure
                • Insurance

                    Basics of a Farmout Agreement

                    • Identification of Parties
                    • Key Terms
                      • Description of Interest
                      • Payment and Consideration
                      • Work Obligations of the Farmee
                      • Timeline for Work Obligation
                      • Earn-In Provisions
                      • Reserved Rights
                      • Title and Due Diligence
                      • Indemnification and Liabilities
                      • Force Majeure
                      • Dispute Resolution

                            Basics of a Gas Gathering and Processing Agreement

                            • Identification of Parties
                            • Key Terms
                              • Fees
                              • Revenue Sharing
                              • Ownership of by-products
                              • Term
                              • Indemnification and Liabilities
                              • Insurance

                                Basics of a Pipeline Transportation Agreement

                                • Identification of Parties
                                • Key Terms
                                  • Rights and Obligations
                                  • Transportation Rates
                                  • Minimum and Maximum Volume
                                  • Term and Termination
                                  • Indemnification, Liabilities, and Damages
                                  • Regulatory and Environmental Compliance

                                    Basics of a Supply Agreement

                                    • Identification of Parties
                                    • Key Terms
                                      • Volume
                                      • Delivery Point
                                      • Pricing
                                      • Inspections
                                      • Term and Termination
                                      • Indemnification and Liabilities

                                        Boilerplate Provisions

                                         

                                        Tuesday, April 2, 2024 : Central Time

                                        8:45 – 9:00 a.m.
                                        Log In

                                        9:00 a.m. – 12:00 p.m.
                                        Course Timing

                                         

                                        Regulatory & Compliance Considerations

                                        • Title and Ownership
                                          • Working with Federal, Tribal, State, and Individual Owners
                                        • Permitting and License Requirements
                                        • Environmental Regulations
                                        • Land Use, Setbacks, and Zoning
                                        • Health and Safety

                                        Lessons Learned from Oil & Gas Contract Disputes

                                        • Case Law

                                        Final Considerations

                                        • Confidentiality and Non-Disclosures
                                        • State Requirements
                                        • Letters of Intent
                                        • Professional Assistance from Landmen and Attorneys

                                        Instructor

                                        Katie A. Moisan, Associate, Fairfield & Woods

                                        Katie represents clients in the oil and gas space and practices in real estate, construction and land development, and land use, zoning, and developmental entitlements areas. As an oil and gas title attorney, Katie has worked on complex state, federal, and tribal titles involving water and land use issues. She has handled title examination, issued drilling and division order opinions, and assisted individuals with significant land and mineral assets. Her real estate experience includes land entitlements and real estate development, including zoning, purchase and sale agreements, development agreements, commercial leases, and the drafting of covenants, easements, and construction documents.

                                        Online Delivery

                                        We will be using Microsoft Teams to facilitate your participation in the upcoming event. You do not need to have an existing Teams account in order to participate in the broadcast – the course will play in your browser and you will have the option of using a microphone to speak with the room and ask questions, or type any questions in via the chat window and our on-site representative will relay your question to the instructor.

                                        • Microsoft recommends downloading and installing the Teams app if possible. You may also use the Edge browser or Chrome.
                                        • You will receive a separate email with a unique link to a personalized landing page which will include links to join all sessions of this event.
                                        • If you are using a microphone, please ensure that it is muted until such time as you need to ask a question.
                                        • The remote meeting connection will be open approximately 30 minutes before the start of the course. We encourage you to connect as early as possible in case you experience any unforeseen problems.

                                        Register

                                        Please Note: This event is being conducted entirely online. All attendees will connect and attend from their computer, one connection per purchase. For details please see our FAQ

                                        If you are unable to attend at the scheduled date and time, we make recordings available to all attendees for 7 days after the event

                                        REGISTER NOW FOR THIS EVENT:

                                        Working with Oil & Gas Contracts

                                        April 1-2, 2024 | Online
                                        Individual attendee(s) - $ 1195.00 each

                                        Volume pricing also available

                                        Individual attendee tickets can be mixed with ticket packs for complete flexibility

                                        Pack of 5 attendees - $ 4,780.00 (20% discount)
                                        Pack of 10 attendees - $ 8,365.00 (30% discount)
                                        Pack of 20 attendees - $ 14,340.00 (40% discount)

                                        Your registration may be transferred to a member of your organization up to 24 hours in advance of the event. Cancellations must be received on or before March 01, 2024 in order to be refunded and will be subject to a US $195.00 processing fee per registrant. No refunds will be made after this date. Cancellations received after this date will create a credit of the tuition (less processing fee) good toward any other EUCI event. This credit will be good for six months from the cancellation date. In the event of non-attendance, all registration fees will be forfeited. In case of conference cancellation, EUCIs liability is limited to refund of the event registration fee only. For more information regarding administrative policies, such as complaints and refunds, please contact our offices at 303-770-8800

                                        CEUs

                                        Credits

                                        AP_Logo

                                        EUCI is accredited by the International Accreditors for Continuing Education and Training (IACET) and offers IACET CEUs for its learning events that comply with the ANSI/IACET Continuing Education and Training Standard. IACET is recognized internationally as a standard development organization and accrediting body that promotes quality of continuing education and training.

                                        EUCI is authorized by IACET to offer 1.0 CEUs for this event

                                        Requirements for Successful Completion of Program

                                        Participants must log in each day and be in attendance for the entirety of the course to be eligible for continuing education credit.

                                        Instructional Methods

                                        PowerPoint presentations, interactive group exercise, and group discussion will be used during this course.


                                        Upon successful completion of this event, program participants interested in receiving CPE credits will receive a certificate of completion.

                                        Course CPE Credits: 12.0
                                        There is no prerequisite for this Course.
                                        Program field of study: Specialized Knowledge
                                        Program Level: Basic
                                        Delivery Method: Group Internet Based
                                        Advanced Preparation: None

                                        CpeEUCI is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org

                                         

                                        Who Should Attend

                                        • Oil and gas and contractor/vendor professionals (both contracting and business unit personnel) that work with all forms of oil and gas contracting
                                        • Oil and gas and contractor/vendor professionals who are involved with project development and project management
                                        • Oil and gas professionals who manage vendor policies and protocols or coordinate interaction among various departments
                                        • Landmen and land managers who are responsible for managing land assets, negotiating contracts, and ensuring compliance
                                        • Supply chain managers who are responsible for managing logistics and agreements related to oil and gas product supply
                                        • Environmental and health safety personnel
                                        • Regulatory compliance professionals

                                        By clicking Accept or closing this message, you consent to our cookies on this device in accordance with our cookie policy unless you have disabled them. more information

                                        By clicking Accept or closing this message, you consent to our cookies on this device in accordance with our cookie policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them. We use cookies during the registration process and to remember member settings.

                                        Close