Provisions To Consider When Negotiating A New JOA

When considering a joint venture between parties, there are many issues to address and understand through the Joint Operating Agreement and its exhibits about sharing revenues and costs related to joint operations.  We will discuss those provisions that typically cause the most disagreements between parties and things to consider when negotiating a new JOA.

Total Workshop Cost: $0
Date: July 31
Location: Zoom
Time: 11AM-12PM
REGISTER HERE

Q&A With CPAs

Join us for a Q&A session as we learn from experts who will explain the different types of taxable entities and the benefits and drawbacks of each for tax purposes. This Q&A session will be helpful as taxpayers can learn the benefits of each entity before making the selection. Attendees will gain insight into the best time to consider converting to a different type of entity. Airington CPAs will also discuss specific oil and gas deductions and credits to minimize taxes and explain the reasons it is important to have good accounting when operating a business. Don’t miss this free tax advice and register today!

Total Workshop Cost: $0
Date: August 7
Location: Zoom
Time: 11AM-12PM
REGISTER HERE

Plunger Lift 101

A plunger lift is an economical form of artificial lift that utilizes a well’s own pressure and gas energy to efficiently remove fluids from a well bore. By utilizing the wells own energy, a plunger acts as an interface between the accumulated liquids and gas in a tubing string creating an efficient seal that allows the plunger to surface multiple times a day removing fluids and allowing a well to produce intermittently or continuously without the need for costly downhole equipment. Plungers can assist with keeping a well clean of solids such as paraffin, scale, sand, and hydrates without the need for costly chemicals. Also, plunger lift systems can be maintained by operators and staff without the need for workovers like other forms of artificial lift.

During the presentation, the audience will learn plunger lift system basics, gas requirements, pressure requirements, plunger lift types, operating parameters, and how a plunger works.

Total Workshop Cost: $0
Date: August 15
Location: Zoom
Time: 11AM-12PM
REGISTER HERE

Gas Lift 

This workshop will focus on the basics of gas lift and how it plays a vital role in lifting produced wells. Gas lift is an artificial lift system that mimics a naturally flowing well. High pressure gas is injected into the tubing /casing anulus through a series of gas lift valves to help lift liquids to the surface through the production tubing, thus lowering the bottom hole pressure in the wellbore. Gas lift works on the principle of lightening the fluid column, allowing the reservoir pressure to lift the well without the need for a positive displacement pump. Two basic types of gas lift in use today are continuous and intermittent flow. Gas lift is the most cost-effective from of artificial lift and is the reason many producers choose to use it.

Total Workshop Cost: $0
Date: August 28
Location: Zoom
Time: 11AM-12PM
REGISTER HERE

Facility Design

The design and operation of oil and gas production facilities is changing fast to meet the demands of new regulations and recommended practices from industry associations. Additionally, new regulations and industry standards are redefining the design and installation of equipment.

All facility design topics in this workshop will have a common theme focused on the promotion of cost-effective fabrication and construction strategies and techniques within the engineering design process. The following topics will be reviewed and discussed:

·  Modular facility design concepts for simple layouts, expansion, and prefabrication.

·  Regulatory compliant closed vent system designs for onsite liquid storage.

·  Application comparisons of bulk and test separation trains versus well specific separation trains.

·  Facility piping design specifications per applicable industry standards and recommended practices in relation to fluid service types.

As always, continuing education credits will be awarded for attendance. Don’t miss out. Sign up today!

Total Workshop Cost: $0
Date: September 4
Location: Zoom
Time: 11AM-12PM
REGISTER HERE

SPCC Rule Training

Preventing and containing spills while monitoring and complying with regulations can be time consuming and frustrating. Our class will cover the requirements of facilities to develop, maintain, and implement an oil spill prevention plan, called an SPCC Plan.

Total Workshop Cost: Free
Date: October 23
Location: ZOOM
Schedule: 11AM-12PM

REGISTER HERE

Xplorobot Hand Held Methane Detector

Xplorobot’s laser OGI sensor and software help to detect and verify emission repairs during single pad visits simplifying workflow and lowering operational costs. Xplorobot’s technology ensures thorough accounting of methane emissions to increase revenue while avoiding increasing regulatory fines. The sensor is extremely accurate, detecting methane emissions down to 1 gram per hour. Xplorobot can help lower Subpart-W emissions factors by as much as 20X, and is an approved emission detection method under US EPA 40 CFR Part 98 Subpart W. An OGMP2.0 Gold Standard is attainable by creating a digital database of component emissions. Emissions data is all stored in an easy-to-use dashboard and database with automated reporting and a mobile app for fast and accurate fieldwork.

Total Workshop Cost: $0
Date: October 29
Location: Zoom
Time: 11AM-12PM
REGISTER HERE

Directional Drilling

Please Join OERB and Ben Davis, Co-Founder of Radar Directional Services, for a presentation on directional drilling.  The presentation will explore the basics of directional drilling, the equipment used, and discuss the use of directional drilling in Oklahoma.  Topics will include Measurement While Drilling (MWD), Logging While Drilling (LWD), mud motors, and Rotary Steerable Systems (RSS).

Total Workshop Cost: $0
Date: December 4
Location: Zoom
Time: 11AM-12PM
REGISTER HERE