Basic Considerations in Assessment of an Oil and Gas Lease

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Basic Considerations in Assessment of an Oil and Gas Lease

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Description

In this compelling and timely CLE program attorney, John Bergin, provides an overview Basic Considerations in Assessment of an Oil and Gas Lease. Mr. Bergin begins the program with a discussion of terms found in a “typical” oil and gas lease. Attorney Bergin continues the program with explaining the considerations relating to impact of the specific paragraph; and, negotiation strategies i.e. what additional considerations that you can and should reasonably request from the company. The program also covers provisions that simply cannot be granted by the oil and gas company, and why. Finally, Mr. Bergin will provide an overview of common terms and conditions as well as offering guidance relating to matters that could be added or clarified in the original agreement. This program is a must for all attorneys who want to know more about oil and gas leases.

Agenda:

  1. Identification of client ownership rights;
  2. Identification of client expectations;
  3. Overview of various forms of contracts encumbering surface and sub-surface assets;
  4. Concentration on specific terms and conditions of the “typical” oil and gas lease;
  5. Examples of provisions that should be considered in addition to presented form;
  6. Negotiation strategies – Identification of relevant and less relevant terms and conditions.
  7. When to walk away