University of Texas School of Law

eCourse

Answer Bar: Oil, Gas, and Energy Agreements and Contracting Essentials

Contains material from Apr 2015 to May 2018

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Session 1: Basic Joint Operating Agreements in Oil, Gas, and Mineral Law - Discuss the purposes for a Joint Operating Agreement, its basic structure and issues that arise in its interpretation.

Session 2: Analysis of Royalty Clauses and Issues: Past, Present and Future Analyze the evolution of royalty clauses—up to and including current issues—by reviewing recent decisions and pending cases, post-production costs, Heritage, the impact of implied covenant law on royalty obligations, royalties on gas plant products, definitions of marketing and gathering, and other topics pertinent to royalty payments today.

Session 3: LNG Update - According to the IEA, LNG could be the “second revolution” in natural gas markets. Global LNG trade reached another record year in 2016 as new supply from Australia and the United States came online and found its way to markets in a diverse array of countries. The world’s traditional buyers are becoming sellers as potentially huge LNG demand markets open up in China and India. Hear an update of the key developments impacting global LNG markets.

Session 4: Hedging Oil and Gas Production - An introduction to managing risks associated with the sale of oil and gas production. Examine the benefits and mechanics of hedging, commonly used hedging contracts, and practical considerations impacting hedging transactions.

Session 5: A Primer on Marketing Oil and Gas Discussion of the basic concepts associated with a producer’s marketing of its oil and gas production, including overviews of (a) the applicable provisions of UCC Article 2, (b) the basic provisions of the Conoco general terms and conditions applicable to sales of crude oil as well as the standardized LEAP “master” form agreement for crude oil and refined petroleum products, (c) the provisions commonly found in contracts for the purchase of natural gas by gatherers and processors, as well as by gas marketers utilizing the standardized NAESB “master” form agreement for natural gas, and (d) applicable regulatory principles.”

Session 6: Ethics in Contracting Issues - Using hypotheticals, this presentation focuses on a number of ethics issues that might arise in contracting situations. Can lawyers take advantage of privileged communications the adversary inadvertently sends them? Can lawyers receiving electronic documents look for hidden metadata the other side has not scrubbed? What duties do lawyers have in representing contracting parties, with regards to disclosing client confidences to prevent the adversary from being deceived about the clients' intent, or to correct the adversary's misunderstanding about the law, the contract's terms, or the adversary's scriveners error?

Session 7: Nuts and Bolts Ethics for the Business and Transactional Lawyer - Engage in a practical discussion of current ethics topics related to business and transactional law, including conflicts issues, and attorney migration between firms.
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Total Credit Hours:
5.00 | 2.00 ethics     Credit Info

TX MCLE credit expires: 9/30/2019

Includes: Video Audio Paper Slides

$215  

Preview Sessions
Credit Hours
1. Basic Joint Operating Agreements in Oil, Gas, and Mineral Law (May 2018)

Jeff Weems

0.50 0.00 0.00 0.50  

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Video (mp4) 29 mins
Audio (mp3) 29 mins
Paper (pdf) 35 pgs
Slides (pdf) 14 pgs

SESSION 1 — 29 mins, credit 0.50

Session 1:

Basic Joint Operating Agreements in Oil, Gas, and Mineral Law (May 2018)

Discuss the purposes for a Joint Operating Agreement, its basic structure and issues that arise in its interpretation.
 

Originally presented at: Apr 2018 Fundamentals of Oil, Gas and Mineral Law

Jeff Weems, Staff Weems LLP - Houston, TX

2. Analysis of Royalty Clauses and Issues: Past, Present and Future (Apr 2015)

Dick Watt, Madeline Mathews

0.75 0.00 0.00 0.75  

Preview Session Materials

You may download session materials
for offline use.

Video (mp4) 46 mins
Audio (mp3) 45 mins
Paper (pdf) 35 pgs
Slides (pdf) 15 pgs

Preview limited to first 5 slides
of 30
SESSION 2 — 46 mins, credit 0.75

Session 2:

Analysis of Royalty Clauses and Issues: Past, Present and Future (Apr 2015)

Analyze the evolution of royalty clauses—up to and including current issues—by reviewing recent decisions and pending cases, post-production costs, Heritage, the impact of implied covenant law on royalty obligations, royalties on gas plant products, definitions of marketing and gathering, and other topics pertinent to royalty payments today.
 

Originally presented at: Mar 2015 Oil, Gas and Mineral Law Institute

Dick Watt, Watt Beckworth Thompson & Henneman LLP - Houston, TX
Madeline Mathews, Watt Beckworth Thompson & Henneman LLP - Houston, TX

3. LNG Update (Nov 2017)

Susan L. Sakmar

0.50 0.00 0.00 0.50  

Preview Session Materials

You may download session materials
for offline use.

Video (mp4) 31 mins
Audio (mp3) 31 mins
Slides (pdf) 21 pgs

SESSION 3 — 31 mins, credit 0.50

Session 3:

LNG Update (Nov 2017)

According to the IEA, LNG could be the “second revolution” in natural gas markets. Global LNG trade reached another record year in 2016 as new supply from Australia and the United States came online and found its way to markets in a diverse array of countries. The world’s traditional buyers are becoming sellers as potentially huge LNG demand markets open up in China and India. Hear an update of the key developments impacting global LNG markets. 

Originally presented at: Oct 2017 Gas and Power Institute

Susan L. Sakmar, The University of Houston Law Center - Houston, TX

4. Hedging Oil and Gas Production (Apr 2015)

Jesse S. Lotay, Daniel Nossa, Paul E. Vrana

0.50 0.00 0.00 0.50  

Preview Session Materials

You may download session materials
for offline use.

Video (mp4) 29 mins
Audio (mp3) 29 mins
Paper (pdf) 24 pgs
Slides (pdf) 14 pgs

Preview limited to first 5 slides
of 28
SESSION 4 — 29 mins, credit 0.50

Session 4:

Hedging Oil and Gas Production (Apr 2015)

An introduction to managing risks associated with the sale of oil and gas production. Examine the benefits and mechanics of hedging, commonly used hedging contracts, and practical considerations impacting hedging transactions.

Originally presented at: Mar 2015 Oil, Gas and Mineral Law Institute

Jesse S. Lotay, Jackson Walker L.L.P. - San Antonio, TX
Daniel Nossa, Jackson Walker L.L.P. - Houston, TX
Paul E. Vrana, Jackson Walker L.L.P. - Houston, TX

5. A Primer on Marketing Oil and Gas (May 2018)

Michael P. Pearson

0.75 0.00 0.00 0.75  

Preview Session Materials

You may download session materials
for offline use.

Video (mp4) 42 mins
Audio (mp3) 41 mins
Paper (pdf) 71 pgs

SESSION 5 — 42 mins, credit 0.75

Session 5:

A Primer on Marketing Oil and Gas (May 2018)

Discussion of the basic concepts associated with a producer’s marketing of its oil and gas production, including overviews of (a) the applicable provisions of UCC Article 2, (b) the basic provisions of the Conoco general terms and conditions applicable to sales of crude oil as well as the standardized LEAP “master” form agreement for crude oil and refined petroleum products, (c) the provisions commonly found in contracts for the purchase of natural gas by gatherers and processors, as well as by gas marketers utilizing the standardized NAESB “master” form agreement for natural gas, and (d) applicable regulatory principles.”

Originally presented at: Apr 2018 Fundamentals of Oil, Gas and Mineral Law

Michael P. Pearson, Jackson Walker LLP - Houston, TX

6. Ethics in Contracting Issues (Apr 2018)

Tom Spahn

1.00 1.00 0.00 1.00 | 1.00 ethics  

Preview Session Materials

You may download session materials
for offline use.

Video (mp4) 58 mins
Audio (mp3) 58 mins
Paper (pdf) 7 pgs
Paper (pdf) 54 pgs

SESSION 6 — 58 mins, credit 1.00 | 1.00 ethics

Session 6:

Ethics in Contracting Issues (Apr 2018)

Using hypotheticals, this presentation focuses on a number of ethics issues that might arise in contracting situations. Can lawyers take advantage of privileged communications the adversary inadvertently sends them? Can lawyers receiving electronic documents look for hidden metadata the other side has not scrubbed? What duties do lawyers have in representing contracting parties, with regards to disclosing client confidences to prevent the adversary from being deceived about the clients' intent, or to correct the adversary's misunderstanding about the law, the contract's terms, or the adversary's scriveners error?

Originally presented at: Apr 2018 Health Law Conference

Tom Spahn, McGuireWoods LLP - Tysons, VA

7. Nuts and Bolts Ethics for the Business and Transactional Lawyer (Jul 2017)

Claude E. Ducloux, George W. Coleman

1.00 1.00 0.00 1.00 | 1.00 ethics  

Preview Session Materials

You may download session materials
for offline use.

Video (mp4) 57 mins
Audio (mp3) 56 mins
Slides (pdf) 27 pgs

SESSION 7 — 57 mins, credit 1.00 | 1.00 ethics

Session 7:

Nuts and Bolts Ethics for the Business and Transactional Lawyer (Jul 2017)

Engage in a practical discussion of current ethics topics related to business and transactional law, including conflicts issues, and attorney migration between firms.

Originally presented at: Jul 2017 LLCs, LPs and Partnerships

Claude E. Ducloux, Attorney at Law - Austin, TX
George W. Coleman, Bell Nunnally & Martin LLP - Dallas, TX