As we celebrate the holiday season, I also want to celebrate in our Midland College family. This month I’m honoring your peers who successfully completed one of our six-month, online certificate programs in the last half of 2022. As working professionals it’s often tough to balance doing your job and finding time to learn, train and […]
In this third and final installment on allocation wells, we are going to examine the difference to the mineral owner in terms of which is better for them – an allocation well or a single well? Let’s assume we have a mineral owner with a 100% interest in a 320-acre tract of land and he […]
In the last newsletter, we learned that one of the formulas for calculating interests in an allocation well is: AllocationRoyalty Calculation Lateral length of horizontal well bore on lessor’s tract Total horizontal wellbore length This month, I thought it would be beneficial to apply the allocation tract factor and do an actual calculation based on […]
One question that I am repeatedly asked lately is what are Allocation Wells and how is royalty calculated in one for division order purposes? So, I thought I would answer those questions in this month’s newsletter and begin a series about this important current topic. For this month’s newsletter, we’ll answer these questions beginning with […]
Let’s celebrate! As many of you may have attended high school and college graduations for your family or friends this past month, I too want to celebrate in our Midland College family. This month I’m honoring your peers who successfully completed one of our six-month, online certificate programs. As working professionals, it’s often tough to […]
Answer: No, if the lease is a “market value at the well lease” and the gas is used to power equipment used to make the gas marketable, no royalties are due. In another victory for oil and gas companies, royalty owners who brought a class action lawsuit in the U.S. District Court for the Southern […]
An MFN is an abbreviation for a clause in an oil and gas lease known as a Most Favored Nation clause. The term derives from international economic relations requiring that all countries be treated equally in terms of favorable trade treatment. In the oil and gas business, an MFN typically requires that if a lessee […]
As we’re gearing up for the April start of our PLM and DO Module 1 classes as well as the soon-to-launch Leasing course this spring, I often get asked how I came about starting Land Training and my online course programs. And, this month I’m sharing a short, 3-minute video blog from me on how […]
As students in my courses know, I’m a big believer in the value of networking, mentoring, and continuous education. In fact as part of our Professional Land Management and Division Order certificates, I require students to attend a monthly industry meeting. With COVID changes over the past two years, many of those events moved to […]
As working professionals, it’s often tough to balance doing your job and finding time to learn, train and improve your skills. It’s why I’m so passionate about our self-paced, online classes to help make it easy for land professionals to achieve that second part easily. As we celebrate the holiday season, I also want to […]