Here are the upcoming (and past) seminars the Texas Chapter is sponsoring. As Martha mentioned, there was another one about bankruptcies. Only the November one is open for registration on the NARO website at this time. As for the past seminars, NARO members can email the Tulsa office and get a link to watch the videos for free.
Clinton Butler - From Bass to Texas Outfitters: The Evolution of the Executive Right in Texas. (Oct. 15th at 12:00 p.m.).
In this episode attorney, Clinton Butler, will guide us through the ever changing landscape of Texas Law regarding the Executive Right (the mineral interest right to negotiate and execute the oil and gas lease). In this episode we will explore the history of the Executive Right, how the executive right has dramatically changed over the last 10 years, and how those changes affect the relationship between participating and non-participating royalty owners.
Idalia Romanos - How to read and manage your royalty statements (November 19th at 12:00 p.m.)
In this episode accounting professional, Idalia Romanos will discuss how to go about reading and managing the statements that royalty owners receive each month accompanying their check. Idalia will discuss the different codes, columns, and figures contained in a normal royalty statement and direct royalty owners on what they should be looking out for in order to best manage their asset.
Robert Park and Ross Spence (moderated by Clinton Butler - oilfield bankruptcies, what the royalty owner needs to know (Dec. 17th at 12:00 p.m.).
In this episode Clinton Butler will moderate a panel discussion between attorneys, Robert Park and Ross Spence, regarding the rise in bankruptcies being filed by operators in the oil and gas industry. The discussion will focus on what royalty owners need to do in order to protect their assets and to ensure that there is little to no interruption in their royalty income and what to do in the event that things go really south with the operator’s bankruptcy proceedings.
Peter Huddleston - Introduction to auditing your royalty statements (January 21st at 12:00 p.m.).
Following up on the discussion from Ms. Romanos in November, in this episode Peter Huddleston, a petroleum engineer with over 40 years’ experience in the oil and gas industry, will guide royalty owners on how to perform a basic audit of their royalty statements to determine if there is an issue that needs further examining by a professional auditor. Mr. Huddleston will discuss the basics of scaled up hydrocarbon processing and other costs that may impact the income received by the royalty owner and how to determine if those costs are justified.
Wade Caldwell - When Can I Cash That Check (Or Not)? (Feb. 18th at 12:00 p.m.)
In this episode attorney and past NARO-Texas President, Wade Caldwell, will discuss the perils of cashing royalty checks when you are in a dispute with an operator. When does cashing checks play into affirmative defenses an operator may have such as waiver, estoppel or ratification of a unit? Mr. Caldwell will discuss what royalty owners can do to minimize their risk and attempt to ensure that by merely cashing their monthly check, the royalty owner is not surrendering their right to pursue viable and existing causes of action against the lessee.