We headed back to school last week along with about 50 landmen for the AAPL Working Interest/Net Revenue Interest Calculation Workshop in Lafayette, presented by Douglas Potter, CPL, CDOA, CPLTA. After a delicious breakfast, courtesy of iLandMan, this one-day workshop began with simple examples and progressed towards complex examples, teaching the fundamental calculations for Royalties, ORRIs, Net Revenue Interests and Working Interests.
Students learned the fundamental progressions and calculations of WI & NRI as an unleased mineral interest becomes leased and progresses to become part of a producing tract, oil unit, gas unit, and field-wide unit and more. Along with this new knowledge, students earned six CPL/RPL/RL credits, and got to see some of iLandMan’s new Royalty Division Order and Interest Deck functionality.
Thank you to the AAPL for giving us this opportunity to take part in such a great event and a very special thank you to Mr. Potter for having us in his classroom. If you are a landman seeking continuing education, please take a moment to browse the events in the link below and get signed up!
For more pictures, check out the photo album on our Facebook Page.
If you have any questions about iLandMan, or want to set up a demonstration, please give us a call at 1-855-445-9629 or fill out our contact form.