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Class Descriptions Oil and Gas Calculations – Part 1 – This class will look at the history of division orders, from the Blanchard decision through Senate Bill 168 when all of the royalty in Oklahoma was unitized in 1993. We will discuss the different producing states and the calculations for each. Teach you how to read calculations through examining a title opinion, understanding overrides and the gross and net revenue of working interest owners. Teach you to calculate PPI’s (Proportionate Production Interest) in Oklahoma. This class will be taught in an introductory level, very basic, and will include a workbook that you can use as a reference tool
Oil and Gas Calculations – Part 2 -
-new materials! We will demonstrate building a spreadsheet for a well
You will need to have taken our beginners class – or – understand how to calculate net working interests and the burden relationship. *leasehold net problems. * 8/8ths (taking in kind). Farmouts and reservation scenarios. Back in after payout. Non-consent working interest owners and the formula used to distribute their interest to the other partners. Review the different styles of title opinions and examine the formulas used by attorneys. Cover inflated decimals and why they are inflated. Discuss different gas markets and the volumes used for gas balancing. Cover spreadsheet building in excel. Since this is not a computer lab, you will be emailed your own worksheet file with step by step instructions for preparing a spreadsheet. The demonstration in class will enable you to follow the instructions on the emailed file after the class
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