Pooling and Unitization in Texas / Instructor Dr. Patrick Fitzgerald
The splintering of mineral ownership within tracts and the subdivision of larger tracts into smaller tracts, through inheritance and sale, creates increasingly fragmented ownership of minerals. Pooling tracts and leases, usually voluntarily and, occasionally by use of Texas' forced pooling statute, is often an effective and efficient way to solve those problems.
Key topics examined include:
Lease authority, regulatory considerations, and the duty to pool in good faith.
Define both voluntary and forced pooling and discuss their application to common situations.
Practical tips are provided for effectively taking advantage of your rights when dealing with pooling and unitization issues.
The impact and interrelationship of pooling and unitization on various lease clauses including the royalty clause and shut-in royalty clause is included along with key cases and recent developments and practical workshop exercises.
Participants will better understand and be able to apply the information to real world situations
Dr. Patrick W. Fitzgerald
Ph.D., ED.D., J.D.
Fitzgerald & Associates-Attorneys at Law
Fitzgerald Economic and Business Consulting, LLC
Distinguished Visiting Professor- University of Denver
Dr. Patrick W. Fitzgerald Ph.D., ED.D., J.D. is Senior Partner in the law firm Fitzgerald & Associates with offices in Dallas and Oklahoma City where his practice includes various areas of law related to the oil and gas industry. He is "of counsel" with a Denver law firm specializing in Oil and Gas Law. Concurrently, he is a Distinguished Visiting Professor in Energy Management and Petroleum Land Practices in the Daniels College of Business at the University of Denver where he teaches graduate courses in various areas related to oil and gas as well as over 50 different courses dealing with all areas of energy land management, oil and gas tax, energy finance and environmental and water law. He teaches finance and oil and gas accounting in the graduate MBA program at Oklahoma Baptist University along with multiple short courses in the Energy Land Management Certificate Program. He recently completed appointments as is a Visiting Scholar in Finance in the Price College of Business at the University of Oklahoma and a Lecturer in Energy Finance with the University of Colorado Denver. At Texas Christian University, he has served as a Distinguished Scholar and Expert with the Energy Institute and taught various land management courses for the University of Texas at Austin and was an Affiliated Scholar in the Center for Global Energy, International Arbitration and Environmental Law at The University of Texas School of Law. He has taught for the McGuire Energy Institute in the Cox School of Business of Southern Methodist University and for the American Association of Petroleum Landmen. Dr. Fitzgerald is the author of "Understanding and Negotiating Farmout Agreements" published by the American Association of Petroleum Landmen.
|G188164Q||Aug 24||8:30 am - 4:30 pm|
|PPDC Building, 105 W. Illinois, Midland, TX|
|Registered: 1||7.0 Hours|