After an oil/gas lease is signed, next comes the division order. Division orders maintain the division of interest (DOI) for the ownership for each well so all owners can get paid correctly during the lifetime of a well, from initial production to when the well is plugged and abandoned. This course will discuss the process and protocol of division orders to provide a foundation for attorneys and financial professionals to better serve their clients whether they are oil and gas production companies or royalty owners. This course will help break the secret code of division order and explain where those decimals on oil and gas revenue checks come from.
There will be an in-depth examination and review of applicable laws and regulations and pertinent agreements, forms and documents with examples. In addition, the class will participate in hands on calculation exercises, so please bring a computer and a laptop with Excel.
8:00-8:30 a.m. Registration and Continental Breakfast
8:30-10:00 a.m. Session I: Property Law Overview
10:00-10:15 a.m. Morning Break
10:15-11:30 a.m. Session II: Oil and Gas Lease Overview
11:30a.m.-12:30p.m. Group Luncheon  
12:30 - 2:00 p.m. Session III: Contracts Overview
2:00-2:15 p.m. Afternoon Break
2:15-5:00 p.m. Session IV: Anatomy of a Division Order
•Attorneys, In House Counsel and Paralegals
•Landmen
•Land Department Managers
•Financial Professionals to Include Bankers and Accountants
•Support Staff for Any of the Above
This fundamental level group live seminar has no prerequisites. No advance preparation is required before the seminar.
PGS seminars are known for their clear explanations and in-depth content. Register for a PGS class today, and join the over 10,000 energy professionals who have already attended one of PGS's proven programs.