This course is intended for any land personnel requiring a better understanding of the 1997 and 2015 CAPL Farmout and Royalty Procedures and the associated 1997 and 2015 CAPL Overriding Royalty Procedures, with a focus on the differences between the 1997 and 2015 documents. Given the commonality on the operative provisions of the two documents, the review of the Overriding Royalty Procedure focuses on the major differences between the handling of ORRs relative to that in the Farmout and Royalty Procedure.
The focus of the course will be on a conceptual review of the major provisions of the documents and their evolution over time. This review is largely designed to offer attendees comfort and confidence with the 2015 versions of the documents.
Registration Fee includes beverages and snacks.
Save $50 when you register at least 3 weeks in advance! Prices will increase 3 weeks prior to the course.
Jim MacLean is Manager, Mineral Land Asset Management at Repsol Oil & Gas Canada Inc. He has a broad range of experience from his more recent consulting practice and his prior assignments with Chevron in Frontier, conventional Western Canadian negotiations, Acquisitions and Divestitures, Planning and as Manager, Land. He is also a graduate of Dalhousie Law School.
He has worked directly on a number of industry standardization and work process improvement initiatives, and has been the principal draftsman of a number of industry documents. These include: (i) the 2015, 2007 and 1990 CAPL Operating Procedures; (ii) the 2015 and 1997 CAPL Farmout & Royalty Procedure; (iii) the 2000 CAPL Property Transfer Procedure and the pending 2017 update to that document. He has also been an instructor at CAPL courses on the Operating Procedure and the Farmout & Royalty Procedure.