January 2016
www.DAPL.org
DAPL
Newsletter
UPCOMING EVENTS
INSIDE THIS ISSUE:
Texas Energy Council
28th Annual Symposium
DAPL UPCOMING EVENTS:
2
Recent News3
Taking The Guesswork Out of Oil
And Gas Lease Contracts
4
DAPL Welcomes New Members 5
Oil Prices: What’s Behind the
Drop? Simple Economics
7
DAPL February Educational
Luncheon10
Joint Meeting with FWAPL
10
AAPL Education Calendar
11
DEAR MEMBERS: During the year we will continue to provide a variety of
articles within our newsletter that we believe will benefit our membership.
I invite any of you to contact the DAPL Publications Director if you have an
article, paper, or topic you wish to submit for potential inclusion in future DAPL
publications.
January 13th
Joint Meeting with FWAPL
Fort Worth Petroleum Club
February 1, 2016
Educational Luncheon
Maggiano’s North Park
March 1, 2016
Casual Meeting
Blue Mesa
OTHER INDUSTRY UPCOMING EVENTS:
March 2nd–March 4th
Oil and Gas Land Review
CPL/RPL Exam
Dallas, Texas
April 25, 2016
2016 Southwest Land Institute
Fort Worth, Texas
May 12, 2016
Texas Energy Council
28th Annual Symposium
Dallas, Texas
DAPL Newsletter
2015–2016 DAPL Board Of Directors
PRESIDENT
Adam Griffin, CPL
J-W Energy Company
[email protected]
(972) 661-4787
TREASURE
Alicia Surratt
JP Morgan
[email protected]
(214) 965-2225
ADVERTISING DIRECTOR
Yaroslav Andrus, CPL
Pioneer Natural Resources
[email protected]
(972) 969-3920
1ST VP (ENTERTAINMENT)
D.J. Cherry
PetroVen, Inc.
[email protected]
(972) 781-6666
SECRETARY
Brooks Yates
Ventex Oil & Gas, Inc.
[email protected]
(214) 520-2929
IMMEDIATE PAST PRESIDENT
Josh Raley, CPL
EXCO Resources, Inc.
[email protected]
(214) 438-1370
2ND VP (MEMBERSHIP)
Keri Sweet, CPL
Northern Trust
[email protected]
(972) 738-8474
PUBLICATIONS DIRECTOR
Matt McCauley, CPL
Comstock Resources, Inc.
[email protected]
(972) 668-0607
AAPL DIRECTOR
Iris Bradley, CPL/ESA
Northern Trust
[email protected]
(972) 838-8458
3RD VP (WEBSITE)
Jerry Padilla, RPL
Land Management Partners
[email protected]
(817) 717-9471
EDUCATION DIRECTOR
Nick Peters
Merit Energy
[email protected]
(972) 628-1507
SERGEANT-AT-ARMS
Joel Robbins, CPL
Merit Energy
[email protected]
(972) 628-1647
NGL & MEMBERSHIP CO-DIRECTOR
Ryan Boschetti, RPL
Hunt Oil Company
[email protected]
(214) 438-1370
MARK YOUR CALENDARS
Texas Energy Council
28th Annual Symposium
May 12th, 2016
George W. Bush
Presidential Center
2
The Texas Energy Council is excited to announce this year’s symposium will
again be hosted at the George W. Bush Institute on the Campus of SMU in
Dallas. Building on the success of the last two symposiums, the Council is
working with leaders in industry, government and education to continue the
proud tradition of the Energy Sector in Education.
Additional information and registration for the event is available at
www.texasenergycouncil.org
DAPL Newsletter
Recent News
Texas House Bill 2207 Takes Effect
January 1, 2016
New Texas Notary Stamp Law Requirement
Effective January 1, 2016
Effective January 1, 2016, the general rule of “first in
time, first in right” no longer applies in the case of real
estate mortgages and their priority over subsequently
filed oil and gas leases. House Bill 2207 creates a legislatively imposed subordination of a prior mortgage to a
subsequent oil and gas lease. This legislation will result in
savings in time, energy and costs to producers that were
previously required to obtain subordination agreements
from lienholders.
Effective January 1, 2016, a new Texas law requires all
notaries commissioned on or after January 1, 2016 to
include an identification number issued by the Secretary
of State on their notary stamps and seals.
In the case where a lease is taken on land that is already
subject to a mortgage and the mortgage is foreclosed,
the statute provides that the oil and gas lease does not
terminate, even if the lease has not been subordinated
to the mortgage. Under the bill, when the leased property
is later sold in a foreclosure sale, any rights granted to
the lessee to use the surface terminate, and any royalty
payments which become due after the sale pass to the
purchaser of the foreclosed property.
The loss of surface rights will not likely be an issue on
leases of smaller tracts, but might become problematic
on large tracts or tracts on which oil and gas wells have
been or are currently being drilled.
The State Bar of Texas (Real Estate, Probate, and Trust
Law Section „REPTL“) advised in an email sent out
on December, 3rd, 2015 that all Texas notaries should
replace their existing notary stamps and seals with one
that includes the new requirement of an identification
number. We encourage you to read this email which
states „the prudent course of action to replace existing
notary seals with ones that include the notary‘s
identifying number.“
According to the REPTL email, because the Texas
Secretary of State has been issuing ID numbers for
over twenty years, the new law may be interpreted or
challenged to include notaries commissioned before
January 1, 2016, as well.
It is your choice, of course, whether you replace your
seal now, even if you are currently commissioned, but
based on the REPTL‘s email, you should be aware of
the possibility that a notarial act could be rejected after
January 1, 2016 if you do not replace your seal.
You can find your ID number on your notary commission
certificate or you can search it on the Texas Secretary of
State website, www.sos.state.tx.us.
Texas notary stamps and seals that include the new law
requirements can be ordered online at
www.texasnotary.com.
3
DAPL Newsletter
TAKING THE GUESSWORK OUT OF OIL AND
GAS LEASE CONTRACTS
MIKAL E. BELICOVE, MEMBER OF THE BOARD OF TRUSTEES OF KEYSTONE COLLEGE, PA.
MOST PEOPLE WOULD
never consider buying a
car without a clean title
or a house without title
insurance, but in the 350
billion dollar a year U.S. oil
and gas industry, buyers and sellers routinely
sign off on contracts that
contain title defects representing tens of millions of
dollars. The assumption
is that the net gains and
losses in acreage will
even out. But according to
new research out of the
University of Utah, that
assumption is as costly as
it is wrong.
The November 2014
study from the David
Eccles School of Business at The University
of Utah — Title Clean-Up
Analysis (by K. Bown, M.
Dixon, J. Ingebritson and
K. Rodriguez) — analyzed
approximately 5,600
leases and deeds from two
fairly large lease deals with
dozens of predecessors.
The four-person research
team expected the data
to show that the net gains
and losses in acreage from
title defects would even
out. What they discovered
instead is that title defects
4
are two times more likely
to result in a net loss than
in a net gain in acreage.
In their analysis of 145
additional public transactions, the team revealed
a lack of organization,
transparency, and accountability across the industry.
Of those 145 transactions,
48 listed both the original
announced price and the
price at closing. Of those
48, one-half (23) had a
different price at closing.
Deals in which a
company performed customary maintenance of land
records, title defects resulted in a net loss in acreage
of 19.9 percent, according
to the study. In the 350
billion dollar a year U.S.
oil and gas industry, that
represents nearly $70
billion annually.
Good for the seller,
right? Well, not always.
Savvy buyers anticipate
these potential losses and
use them to negotiate
price reductions. Sellers,
also aware of the rampant
title defects in oil and gas
leases, reluctantly accept
millions of dollars less in
exchange for a release
from any future obligations.
“Whether you’re
buying or selling oil and
gas leases, it pays to be
the smartest one in the
room,” says Tom Agnew,
CEO & Co-founder of
EquityMetrix — a Dallas,
Texas-based firm specializing in land data
management and revenue
recovery, and the firm that
sponsored the study. When
the time comes to close
a deal, however, buyers
and sellers often rely on
conjecture rather than fact
regarding the accuracy of
the documentation.
Case in point. In lateDecember of 2014, Chesapeake Energy Corp. (NYSE:
CHK) sold its oil and gas
assets in West Virginia and
southwest Pennsylvania to
Southwestern Energy Co.
(NYSE: SWN) for $4.975
billion, $400 million less
than the $5.375 billion
deal announced in October. According to Chesapeake, the $400 million
adjustment was to settle
various matters, including
Southwestern’s waiver of
any future claims related
Deals in which a company
performed customary maintenance of land records,
title defects resulted in a
net loss in acreage of 19.9
percent, according to the
study.
to title defects.
Transactions like
this show vetting a lease
is incredibly difficult.
Although the Statute of
Frauds requires states and
counties document Mineral Rights (including oil and
gas rights), documentation
varies according to state
and county. The required
legal documentation is
often incredibly complex,
containing not only the
names of the owners and
a legal description of the
property, but also the number of wells allowed, depth
restrictions, Pugh clauses,
preferential rights, types
of minerals the Lessee is
allowed to recover, descriptions of easements and
roads to and from wells,
and so forth.
Further complicating the task of vetting
DAPL Newsletter
oil and gas leases is the fact that leases and rights can
be bought, sold, transferred in part or whole, or broken
down and assembled into infinite combinations. With each
new transaction, the lease and its rights can be split or
combined. The chain of title can reach back centuries, and
documentation is often duplicated or misplaced.
“Those involved in acquisitions and divestitures rarely
have the time, technology, and personnel to track down
title defects,” said Agnew. Traditional lease brokers and
consulting firms can remove some of this uncertainty
from oil and gas lease deals, but as the University of Utah
study showed, even after customary due diligence by a
reputable firm, a company still stands to lose a substantial
amount of net acreage due to title defects. In an average
transaction of $100 million, a relatively small loss of 4.6
percent represents $4.6 million. “A company should be able to spend a fraction of
what it stands to lose from title defects to have everything
properly vetted prior to closing,” says Agnew, whose firm
employs a team of 100 professionals who all follow a disciplined process that centers on deep proprietary analytics.
DAPL Welcomes
New Members
David Harmon, CPL – Active
Comstock Resources, Inc.
5300 Town & Country Blvd., Suite 500
Frisco, Texas 75034
(972) 668-0543
[email protected]
Ryan Harkins – Active
Hunt Oil Company
1900 N. Akard Street
Dallas, TX 75201
(214) 978-8674
[email protected]
Agnew tells a story of a client who could have avoided
a bad case of buyer’s remorse. The buyer purchased what
it had thought included a $6 million asset. The seller had
given the buyer a certain amount of time to discover any
title defects. After the time expired, the buyer discovered
that the seller never owned the asset; the lease contract
included a depth restriction that rendered the asset worthless. Too late. The buyer had to eat the $6 million loss.
“Had the buyer come to us first,” Agnew says, “they
could have found the defect within the due diligence
period and $6 million off the price.”
Many companies reluctant to spend a small percentage to clean up their records would be wise to consider
the significantly higher costs of not doing so. ■
About The Author: Mikal E. Belicove is an Entrepreneur
Magazine columnist and contributing writer and a
member of the Board of Trustees at Keystone College
(La Plume, Pa.). For more information, visit www.MikalBelicove.com.
5
DAPL Newsletter
OIL PRICES: WHAT’S BEHIND THE DROP?
SIMPLE ECONOMICS (THE NEW YORK TIMES)
BY CLIFFORD KRAUSS
THE OIL INDUSTRY, with its history of booms and busts, is
in its deepest downturn since the 1990s, if not earlier.
Europeans and consumers around the world will enjoy
similar benefits.
Earnings are down for companies that have made
record profits in recent years, leading them to decommission nearly two-thirds of their rigs and sharply cut investments in exploration and production. More than 200,000
oil workers have lost their jobs, and manufacturing of
drilling and production equipment has fallen sharply.
The latest drop in energy prices — regular gas nationally now averages around $2.03 a gallon, down about 19
cents from a year ago — is also disproportionately helping
lower-income groups, because fuel costs eat up a larger
share of their more limited earnings.
The cause is the plunging price of a barrel of oil, which
has been cut roughly in half since June 2014.
Prices have recovered a few times this year, but
executives think it will be years before oil returns to $90 or
$100 a barrel, pretty much the norm over the last decade.
WHY HAS THE PRICE OF OIL BEEN DROPPING
SO FAST? WHY NOW?
This a complicated question, but it boils down to the simple economics of supply and demand.
Gasoline prices are now inching down as refineries
finish their maintenance to switch to more inexpensive
winter gasoline blends.
WHO LOSES?
For starters, oil-producing countries and states. Venezuela, Iran, Nigeria, Ecuador, Brazil and Russia are just a
few petrostates that are suffering economic and perhaps
even political turbulence. Persian Gulf states are likely to
invest less money around the world, and they may cut aid
to countries like Egypt.
United States domestic production has nearly doubled over the last six years, pushing out oil imports that
need to find another home. Saudi, Nigerian and Algerian
oil that once was sold in the United States is suddenly
competing for Asian markets, and the producers are forced
to drop prices. Canadian and Iraqi oil production and
exports are rising year after year. Even the Russians, with
all their economic problems, manage to keep pumping.
In the United States, Alaska, North Dakota, Texas,
Oklahoma and Louisiana are facing economic challenges.
There are signs, however, that production is falling in
the United States and some other oil-producing countries
because of the drop in exploration investments.
WHAT HAPPENED TO OPEC?
Chevron and Royal Dutch Shell recently announced
cuts to their payrolls to save cash, and they are in far
better shape than many smaller independent oil and gas
producers that are slashing dividends and selling assets
as they report net losses. Other companies have slashed
their dividends.
WHO BENEFITS FROM THE PRICE DROP?
A central factor in the sharp price drops, analysts say, is
the continuing unwillingness of OPEC, a cartel of oil producers, to intervene to stabilize markets that are widely viewed as oversupplied. Prices of OPEC’s benchmark crude
oil have fallen about 50 percent since the organization
declined to cut production at a 2014 meeting in Vienna.
Any motorist can tell you that gasoline prices have dropped. Diesel, heating oil and natural gas prices have also
fallen sharply. Households are likely to spend $750 less
on gas this year because of the oil prices, the United
States Energy Information Administration said in January.
Iran, Venezuela, Ecuador and Algeria have been
pressing the cartel to cut production to firm up prices,
but Saudi Arabia, the United Arab Emirates and other
gulf allies are refusing to do so. At the same time, Iraq is
actually pumping more, and Iran is expected to become
On the demand side, the economies of Europe and
developing countries are weak and vehicles are becoming
more energy-efficient. So demand for fuel is lagging a bit.
7
DAPL Newsletter
a major exporter again under the
recent nuclear deal.
Saudi officials have said that
if they cut production and prices go
up, they will lose market share and
merely benefit their competitors. They
say they are willing to see oil prices
go much lower, but some oil analysts
think they are merely bluffing.
The death of King Abdullah in
January 2015 prompted speculation
that Saudi Arabia could shift direction, but there has been no softening
in the Saudi public position in recent
days. But for the immediate future,
most analysts say the Saudi royal
family will resist any sharp changes in
policy, especially as it tries to navigate multiple foreign policy challenges, like the chaos in neighboring
Yemen.
If prices remain low for another
year or longer, the newly crowned
King Salman may find it difficult to
persuade other OPEC members to
keep steady against the financial
strains. The International Monetary
Fund estimates that the revenues
of Saudi Arabia and its Persian Gulf
allies will slip by $300 billion this
year.
IS THERE A CONSPIRACY
TO BRING THE PRICE OF OIL
DOWN?
There are a number of conspiracy
theories floating around. Even some
oil executives are quietly noting that
the Saudis want to hurt Russia and
Iran, and so does the United States — motivation enough for the two
oil-producing nations to force down
prices. Dropping oil prices in the
1980s did help bring down the Soviet
Union, after all.
8
But there is no evidence to support the conspiracy theories, and Saudi
Arabia and the United States rarely coordinate smoothly. And the Obama
administration is hardly in a position to coordinate the drilling of hundreds of oil
companies seeking profits and answering to their shareholders.
WHEN ARE OIL PRICES LIKELY TO RECOVER?
Not anytime soon. Oil production is not declining fast enough in the United States and other countries, though that could begin to change this year.
Demand for fuels is recovering in some countries, and that could help
crude prices recover in the next year or two. There is now little or no spare
production capacity to give the market a cushion in case of another crisis in a
crucial oil-producing country.
The history of oil is of booms and busts followed by more of the same.■
DAPL Newsletter
The TEC is excited to announce this year’s symposium will again be hosted at the George W. Bush Institute
on the campus of SMU in Dallas. Building on the success of last two symposiums, the Council is working with
leaders in industry, government and education to continue the proud tradition of the Energy Sector in education.
www.texasenergycouncil.org
Your Industry
is our Industry
Energy companies like yours have never had a greater need for legal
advice you can trust from attorneys who understand the
increasingly complex issues you face in this challenging and rapidly
evolving industry.
Gray Reed & McGraw provides a full spectrum of legal services to
publicly traded and private energy companies. In addition, Gray
Reed currently employs attorneys who primarily focus their work
on title examination for onshore properties in Texas, Colorado,
Wyoming, Montana, New Mexico, Utah, North Dakota, Louisiana,
and other oil and gas producing states.
Our proven experience in the industry extends upstream and
downstream covering almost every facet of your industry – which,
in a sense, makes it our industry too.
GrayReed.com | 888.863.7157
Dallas | HOUSTON
DAPL Newsletter
DAPL February Educational Luncheon
When: February 1, 2016 from 11:30 a.m.–1:30 p.m.
Where: Maggiano’s North Park — 205 N Park Center, Dallas, TX
Topic: Allocation Wells: An Operator’s Guide — a discussion of allocation wells from a regulatory, land and
legal perspective, including the status of law relating to commingling and risks that should be assessed by
landmen in an allocation well context.
Speaker: Clifton A. Squibb
Clif Squibb is a founding partner of Hamilton & Squibb, LLP. Board certified
in Oil, Gas & Mineral Law by the Texas Board of Legal Specialization, his
practice focuses primarily on oil-and-gas law.
With an expertise in title matters, his practice includes examination of
complex title issues and representation in title disputes. Mr. Squibb handles
a wide variety of transactional matters and routinely represents oil-and-gas
companies, mineral funds, and investors in negotiating and structuring the
acquisition and divestiture of mineral and leasehold assets. Mr. Squibb also
advises exploration-and-production companies of all sizes faced with regulatory, geological, financial, and title constraints.
Clifton A. Squibb
Mr. Squibb frequently writes and lectures on topics and issues of emerging
importance in oil-and-gas law. He currently teaches Texas Land Titles as an
adjunct professor at SMU Dedman School of Law
To register for the February Educational Luncheon, go to www.dapl.org
MARK YOUR CALENDARS
Joint Meeting with FWAPL
January 13, 2016
5:30 PM–8:30 PM
Fort Worth Petroleum Club
Join DAPL for our Annual Joint Meeting with the Fort Worth Association
of Petroleum Landmen. It will be held on Wednesday, January 13, 2016
from 5:30 PM–8:30 PM at the Fort Worth Petroleum Club: 777 Main
Street, Suite 4000, Fort Worth, Texas 76102.
Guest/Non-Resident pricing is $75. DAPL is limited to 60 RSVPs.
Additional information and registration for the event is available at
www.dapl.org.
10
DAPL Newsletter
2016 AAPL Education Calendar
01/12/2016–01/13-2016
JOA Workshop
Fort Worth, Texas
6.00 CEU
1/14/2016
Field Landman Seminar
Denver, CO
2.00 CEU
1/21/2016
Oil and Gas Lease Fundamentals
Baton Rouge, LA
6.00 CEU
1/22/2016
Surface Use and Access
New Orleans, LA
6.00 CEU/1.00 CEU ETHICS
1/22/2016
WI/NRI Workshop
Denver, CO
6.00 CEU
1/22/2016
Due Diligence Seminar
Tulsa, OK
5.00 CEU
1/25/2016
Basics of GIS
Coraopolis, PA
5.00 CEU
1/26/2016–1/29/2016
Oil and Gas Land Review, CPL/RPL Exam
Midland, TX
18.00 CEU/1.00 CEU ETHICS
1/29/2016
Pooling Seminar
Oklahoma City, OK
5.00 CEU
2/1/2016
2016 Rocky Mountain
Land Institute
–
Cheyenne, WY
6.00 CEU/1.00 CEU ETHICS
2/4/2016–2/5/2016
Fundamentals of Land Practices & Optional RPL
Exam
The Woodlands, TX
6.00 CEU/1.00 CEU ETHICS
2/5/2016
WI/NRI Workshop
Oklahoma City, OK
6.00 CEU
2/16/2016–2/19/2016
Oil and Gas Land Review, CPL/RPL Exam
Tulsa, OK
18.00 CEU/1.00 CEU ETHICS
2/23/2016
One Day JOA Workshop
Bismarck, ND
7.00 CEU
2/25/2016
Field Landman Seminar
Coraopolis, PA
2.00 CEU
2/26/2016
Due Diligence Seminar
Fort Worth, TX
5.00 CEU
2/29/2016
Negotiations Seminar
Houston., TX
6.00 CEU
3/1/2016–3/4/2016
Oil and Gas Land Review, CPL/RPL Exam
Dallas, TX
18.00 CEU/1.00 CEU ETHICS
3/4/2016
Due Diligence Seminar
Washington, PA
3/10/2016–3/11/2016
2016 Mining & Land Resources Institute
Reno, NV
3/14/2016–3/15/2016
Fundamentals of Land Practices & Optional RPL
Exam
Denver, CO
3/22/2016
Ethics 360
San Antonio, TX
3/23/2016
Oil and Gas Lease Fundamentals
Austin, TX
6.00 CEU
3/31/2016
Marketable Title: Understanding Runsheets, Title
Opinions & Title Curative
Coraopolis, PA
4.00 CEU
4/7/2016
Surface Use and Access
Midland, TX
5.00 CEU/1.00 CEU ETHICS
4/8/2016
Pooling Seminar
Ft. Worth, TX
5.00 CEU
4/12/2016–4/15/2016
Oil and Gas Land Review, CPL/RPL Exam
Shreveport, LA
18.00 CEU/1.00 CEU ETHICS
4/19/2016
One Day JOA Workshop
Tulsa, OK
7.00 CEU
4/21/2016
Surface Use and Access
Denver, CO
5.00 CEU/1.00 CEU ETHICS
4/22/2016
Oil and Gas Lease Fundamentals
Denver, CO
6.00 CEU
4/25/2016
2016 Southwest Land Institute
Ft. Worth, TX
6.00 CEU/1.00 CEU ETHICS
7.00 CEU/1.00 CEU ETHICS
Note: Dates are subject to change, please check the AAPL Website at www.landman.org for event details.
11
DAPL Newsletter
40
12
DAPL Newsletter
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Newsletter and Website Advertisement Guidelines
29(59,(:
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13
DALLAS ASSOCIATION OF PETROLEUM LANDMEN
2016 Membership Year
P. O. Box 600096,
Dallas, Texas 75360-0096
January-December
Please accept my application for membership in the Dallas Association of Petroleum Landmen under the classification of membership I
have checked below. I agree to be governed by the Constitution and Bylaws of the Association, including the Code of Ethics.
Check one of the following:
_____
_____
ACTIVE Member ($150.00)– Active membership in the association shall be available to professional Landmen whose responsibilities primarily
involve the negotiation for the acquisition and/or divestiture of mineral rights, negotiation of business agreements that provide for the exploration ,
trading and management of oil, gas and all other mineral estates in land in a non-administrative or clerical manner. An applicant for active
membership must have the sponsorship of two (2) Active Members of the Association who know the applicant.
ASSOCIATE Member ($150.00) – Associate membership in the Association shall be available to all persons who are directly, primarily and
regularly engaged in performing services in the oil, gas and mineral industry. Associate Members shall have all the rights and privileges of Active
Members except they may not hold office in the Association, vote in Association affairs or sponsor membership applications. An applicant for
associate membership must have the sponsorship of two (2) Active Members of the Association who know the applicant.
NON-RESIDENT Member ($40.00) – Non-Resident membership in the Association shall be available at the discretion of the Board to
individuals residing at least seventy-five (75) miles from downtown Dallas. Non-Resident Members will pay reduced annual dues as set by the
Board. Non-Resident Members will have all the rights of Active Members except they may not hold office in the Association, vote in Association
affairs or sponsor membership applications, and they will pay their share of any and all activities attended. An applicant for Non-Resident
membership must be sponsored by two (2) Active Members of the Association or two (2) non-member CPL’s. If the applicant is a CPL no sponsors
are required.
_____
SENIOR Member ($40.00) – Senior membership shall be optional to those members who have reached the age of sixty (60) years, and have
actively engaged as a Petroleum Landman for at least twenty (20) years, and an Active member of the Association (DAPL) for a period of at least
five (5) years. A senior member shall be relieved of his obligation of paying full annual dues, without prejudicing his/her fair rights as an Active
member of the organization; provided however, a Senior member shall pay his/her share of ANY and ALL activities attended, plus reduced annual
dues which shall be fixed from time to time by the Board of Directors.
PLEASE PRINT C L E A R L Y
Full Name (please print)
Preferred First Name
Company Name__________________________________ Nature of Business
(i.e., Production, Exploration, Brokerage, etc.)
Position Title___________________ Does this position, primarily involve Landman responsibilities
Length of Experience as a Landman _______
Office Address
Street
Office Phone ______________________________
Length of total energy industry experience _________
/
Cell Phone (optional)
All DAPL news/information is sent via email. E-mail Address
City
(yes or no)
/
Zip
Please print legibly
Are you a member of the AAPL?______ (yes/no)
Birth date ___/___/_____ (for AAPL purposes)
Are you a CPL?___RPL?___ ESA? ______ Universities Attended
Other industry associations/societies of which you are a current member
Date______________________
Signature of Applicant
The following two (2) ACTIVE Members in good standing have signed below as sponsors of this applicant.
Associate Members may not sponsor.
Sponsor’s Signature
Print Name Legibly:
Email Address:
Phone
Sponsor’s Signature
Print Name Legibly:
Email Address:
Phone
MEMBERSHIP APPROVED:
DATE________________________
THE BOARD OF DIRECTORS
President______________________________
THIS APPLICATION MUST BE SUBMITTED TO THE ABOVE ADDRESS WITH A CHECK MADE OUT TO DAPL FOR ANNUAL DUES IN THE
AMOUNT OF $150.00 IF ACTIVE OR ASSOCIATE, OR $40 IF NON-RESIDENT.
50% AFTER JUNE 1. RETURN TO ABOVE ADDRESS.
Your dues cover the costs associated with all DAPL publications, regular meetings and social functions.
AMBASSADORS OF THE OIL INDUSTRY  LAND IS THE BASIS OF ALL WEALTH
NTAC:4UC-11