AAPL Director's Corner


WAPL elects one of its members to serve a two-year term on the American Association of Professional Landmen Region VI Board of Directors.

WAPL's current AAPL Director is Will Boone, CPL, and can be contacted by email at will@wildcatresourcesinc.com..


AAPL Quarterly Board of Directors Meeting – Director’s Report – September 2018

Dear WAPL Members,

The AAPL Board of Directors held its latest quarterly board meeting on September 16, 2018, at the Grand Bohemian Hotel in Mountain Brook, Alabama. It was my first trip to Alabama, and I have to say I was very impressed with Birmingham.

Below is a summary of the more relevant items discussed and/or voted on by the Board of Directors:

 AAPL STAFF REPORT

AAPL currently has 20 employees, 2 open positions, while NAPE has 7 full-time employees, with one open role.  Openings are for Member Services, Membership, and NAPE Business Development 

MEMBERSHIP

As of 8/30/2018

Total Membership: 13,498:

Active Members: 12,010

Associate Members: 1,171

Retired CPLs: 54

Senior Members: 125

Student Members: 138

New Members YTD: 172

New Members Q1: 172

64th ANNUAL MEETING – 2018, DENVER, CO

2018 Denver Annual Meeting attendance was 890, of which 637 were members. The Denver meeting continued the positive trend from Seattle 2017, where attendance was 571, of which 449 attendees were members. Denver meeting income exceeded expenses by $168,318. In the ten-year period from 2009 to 2018, only Boston 2011 and Denver 2018 meetings did not incur financial losses. Total losses for the other 8 annual meetings from 2009 through 2018 total ~$2.8mm.

67th ANNUAL MEETING – in 2021, will be held in Calgary, Alberta, Canada

AAPL directors were polled in August at Board Orientation for the 2021 annual meeting location. Based on that polling, the 1st location for the 2021 Annual Meeting is Calgary, Alberta, Canada, with the 2nd (back up) location being Austin, Texas.

 

NEW PROGRAM KICK-OFFs

Landman Advisory Connection program – committee matched 19 Advisors with 19 Participants. There is still a need for more advisors to connect with advisees, please feel free to reach out to me if you would like to sign up to be an advisor.  

The Corporate Partnership program qualification window closed late August. 15 companies qualified for 18-19.

2018-19 Education Programs and New Seminar Development

Fundamentals of Field Land Practices - development is complete, scheduling pilot Structuring a Deal – Petroleum – development is complete, waiting on committee approval to schedule

Negotiation Strategy & Technique – course complete and approved, first seminar scheduled at NAPE 2019

NAPE OPERATIONS UPDATES

SUMMER NAPE 2018: Summer NAPE was a resounding success with over 2,800 attendees and over 225 exhibitors. Sponsorships were over $450,000. The Business Conference was well attended and provided excellent educational programs.

NAPE SUMMIT 2019: Plans for NAPE Summit in February 2019 are under way, with a fully confirmed group of speakers at the Global Business Conference. George and Laura Bush will be the speakers at the Charity Luncheon. Sponsorships already exceed last year’s final numbers. Booth exhibitors are expected to exceed 750.

EDUCATION REPORT

AAPL continues to offer quality educational events in person or via webinar. The Field Landman Seminars Committee is working to bring networking and educational opportunities to field landmen in both large and small towns across the country. AAPL intends to focus on active oil and gas plays and in urban areas where a high density of field landmen live throughout the US, promoting continuing education opportunities, networking and AAPL membership.

Continuing Education Statistics (as of 8/30/18):

Seminars YTD: 12

Attendees YTD (on site/webinar): 334 /63

Attendees Q1(on site/webinar): 334 / 63

Books & Videos Sold YTD: $23,558

Books & Videos Sold Q1: $23,558

Education Income & Expense Q1: $94,795/$31,034

Education Income & Expense YTD: $94,795/$31,034

 

EDUCATIONAL FOUNDATION

Grants awarded by the A.A.P.L. Educational Foundation, Inc. are intended to help fund projects and programs that support the American Association of Professional Landmen (AAPL), promote education, instruction, and training for the members of the AAPL to improve or develop their capabilities, instruct the public on subjects useful to individuals and beneficial to the community, and further the advancement of education.

Recent Grants

$5,000 - Annual Meeting - Contract Center training

$2,500 - 2018 Southwest Land Institute

$1,000 - HAPL Houston teacher awards

$500 - Richard Kent Thompson Scholarship Fund - mining education

$1,300 - New Mexico Land Association’s independent contractor training

Grants are available for WAPL to hold educational events, we anticipate having one event in November.

 

TREASURER’S REPORT

As compared to June 30, 2017, total assets have increased from $33,408,171 to $36,394,241 a change of $2,986,070 or 8.94%. This is primarily due to market activity related to the investment account as well as fewer operating fund withdrawals. Funds withdrawn from the investment account for FY 17-18 total $585,764 as of June 30, 2018 and are solely related to Disaster Relief. Total liabilities as compared to June 30, 2017 have decreased from $2,517,677 to $2,489,047; a change of $28,630 or 1.14%. This decrease is a combination of less prepaid membership dues and the effect of resetting the salary and compensation period from a calendar year to the fiscal year.

Revenues (exclusive of investment revenue) compared to June 30, 2017 have increased from $6,099,351 to $7,387,596, a change of $1,288,245 or 21.12%. The increase in revenue is due to income received from NAPE, membership dues, annual meeting, educational programs, Contract Center and rent income. NAPE distributions and management fee income increased $423,722 (14.01% increase from $3,020,426 to $3,444,148). Membership dues revenue increased $342,291 (22.13% increase from $1,546,247 to $1,888,538) due to the increase in membership dues prices. Annual meeting income increased $224,895 (45.61% from $493,082 to $717,977). Education seminar revenues increased $140,544 (25.27% increase from $557,974 to $698,948) due to an increase in seminar prices as well as attendance. The resulting increase of approximately $156,793 is made up of Contract Center and rent income.

Expenses have increased 4.34% from $6,942,071 to $7,243,351 a change of $301,280. The increase in expenses is due to the $585,764 disaster relief contributions AAPL made to the AAPL Educational Foundation as well as the $100,000 donation to CRED for the Colorado initiative. When these one-time expenses are excluded, expenses totaled $6,557,587, resulting in a 5.54% decrease from prior year. The decrease is largely due to a reduction in salaries and benefits of 13.74% (from $3,170,813 to $2,735,839) due to moving seven employees to NAPE Expo as well as the elimination of government lobbying expenses within governmental programs (71.07% decrease from $167,788 to $48,546).

 

DIRECTORS STATEMENT:

AAPL's mission is to promote the highest standards of performance for all land professionals, to advance their stature and to encourage sound stewardship of energy and mineral resources.

To fully deliver on the mission statement, set forth by AAPL, membership must be engaged and willing. While, WAPL membership is very important, WAPL members should also be members of the AAPL. We currently have a large disparity in AAPL membership among WAPL members. Somewhere around 40% of WAPL members are not AAPL members. I’d like to encourage all our members to join AAPL, membership is just $125 annually. The resources and networking opportunities provided by AAPL more than surpasses the annual membership dues. In addition, any independent landman that joins AAPL, can be found via the AAPL directory. That means if someone is looking for a landman to do work in Kansas, they may find you in the directory and hire you! It is absolutely worth your time and money to fill out a membership application.

If you would like more details about anything discussed herein, or about AAPL in general, please don’t hesitate to contact me. 

Respectfully submitted,

Will Boone, CPL

AAPL Director – Region VI

Direct: (316) 771-5041

Cell: (913) 832-4583

Email:will@wildcatresourcesinc.com

Posted on 08 Nov 2018
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