Oilfield Basics Announces the Addition of New Online Courses

ALLENTOWN, PA, Sept. 01, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE --American Energy Partners, Inc. (“American Energy”) (PINK: AEPT), a diversified energy company, is excited to announce that its wholly owned subsidiary Oilfield Basics is expanding its online course catalogue once again. Two new courses, entitled “Oil & Gas Leases” and “Bankruptcy” are authored by Peter Lewis, a respected and well-known attorney in Pittsburgh, PA, specializing in oil and gas law. He has been licensed since 1985 and has represented known producers and landowners in oil and gas matters and creditors and debtors in bankruptcy matters. He is licensed to practice in Indiana, Kentucky, Pennsylvania and West Virginia. 

More information about the courses and their descriptions can be viewed here:

https://oilfieldbasics.com/lp-courses/

Both of Lewis’s courses give a detailed overview of their respective topics. “Oil & Gas Leases” overviews the processes and components involved in a lease. This will give individuals a better understanding of what he or she is entitled to. “Bankruptcy” highlights the general and specific provisions associated with filing, as well as the distinctions between the different types of bankruptcies. The two courses complement Oilfield Basics’ existing course library which already includes topics such as “Oil & Gas Economic Evaluation” and “How Mineral Rights are Valued.”

“Oil & Gas Leases” is approximately a 2-hour video course that will serve as an introduction for individuals by providing information regarding essential terms within a lease, implied rights, depth limitations, the various clauses (Granting Clause, Mother Hubbard Clause, Drilling Operations Clause, Pugh Clause, Pooling Clause, etc.) associated with the lease, expressed and implied covenants, obligation to defend title, and more.

The oil and gas lease is the foundation of the landowner/producer relationship. Unless you have a firm grasp of the implications of each and every provision, you will be at a disadvantage when dealing either with landowners or with producers. 

In this course, we have included an intentionally comprehensive form of oil and gas lease as a basis for discussion. Each slide is a different provision of that lease, which we will discuss in detail. Once you have completed this program, you should be able to recognize all of the usual provisions in an oil and gas lease and the impact of each on the lessor/lessee relationship.