I’m pleased to share that we’ve published a special Frequently Asked Questions (FAQs) webpage, answering questions students have about our online courses. We cover some almost 30 questions that feature:
- Course Overviews & Requirements
- Course Format & Schedule
- Tuition & Fees
- Industry Association Requirements
As the courses are provided via Midland College’s Petroleum Professional Development Center, you’ll find quick access to points to your registration, billing and technology needs throughout the FAQ section.Coming up in December our online courses cover leasing and calculations. You’ll find below and overview of those classes as well as a set of free tutorial videos if you may want a refresher on some of those trickier formulas.
THIS MONTH’S TOPIC: All Things Leasing & Calculations
We had great interest in last month’s topic about conveyance and interest calculations for the AAPL exam.This month I’m highlighting a set of tutorials on basic lease calculations. By now you know we use many different formulas to calculate interests in an oil and gas lease, including royalty payments, bonus payments, delay rentals, undivided mineral interests, working interests, net revenue interests, gross acres, and net acres.
The 10-minute videos in this tutorial cover all of the calculations done on the leasing side of the oil and gas industry. Each video gives you step-by-step examples of each of the formulas that a landman or land professional must know to fully appreciate the impact of leasing on the overall success of an oil and gas company.
View basic lease calculation videos here.
And, if you want to take a deeper dive on the topic and have some downtime in December, I encourage you to register for one of our Module 3 courses where we will cover these topics in more detail.