All of our presentations are submitted for accreditation through AAPL. The number of credits approved will be listed with each course.
The ‘Force Majeure Clause’ presentation has been accredited for 1 credit.
COVID-19 has impacted many businesses and industries around the world and its ability to maintain operations and perform contractual obligations. The purpose of the Force Majeure Clause is to protect the Lessee from lease termination when events beyond the Lessee’s control prevent performance. Watch this video to learn more.
Amendment to Statewide Rule 40
In March 2020 the Texas Railroad Commission departed from its long-standing policy of “no double assignment of acreage” in certain circumstances with extensive amendments to Statewide Rule 40.
Production in Paying Quantities
Production in Paying Quantities (PPQ) means that gross operating revenues must exceed your operating expenses and is determined by the Clifton v. Koontz Two Part Test.