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 –March 2020

The AAPL Board of Directors held its latest quarterly board meeting on March 8th in Louisville, Kentucky. My apologies for my delay in reporting, the past 45 days has been strange to say the least.

 

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

 

Directors:

Annual Meeting in Huntington Beach, California

As most of you know, the annual meeting for 2020 has been changed to a virtual online meeting. The Board asked the AAPL staff to investigate breaking contracts with the venue or postponing the meeting until 2023. The decision was made a few weeks go to proceed with a virtual meeting. You should have received an email with the details of the meeting, but cost for the Educational sessions has been waved ($600 savings to you). The details can be found on the AAPL website. If you have questions feel free to reach out to me directly.

 

Proposed By-Law Changes

The Executive Committee proposed changing the definition of Land Work to the board of directors. The rationale was to be more inclusive of members who have had to take work outside of the oil and gas space during the downturn but want to keep their certification and/or active member status. After an exceedingly long discussion and several amendments to the definition of land work, we came to a consensus on the following language and it was approved by the board of directors.

 

ARTICLE II – DEFINITIONS

As used in these Bylaws and in any and all other organizational documents of AAPL, the following definitions shall apply:

Section 1. Landwork. “Landwork” shall mean the actual performance or supervision of any one or more of the following functions:

A. Negotiating for the acquisition or divestiture of mineral rights minerals or real property associated with or connected to energy sources.

B. Negotiating business agreements that provide for the exploration for and/or development of minerals or real property associated with or connected to energy sources.

C. Determining ownership in minerals or real property associated with or connected to energy sources through the research of public and private records.

D. Reviewing the status of title, curing title defects, providing title due diligence and otherwise reducing title risk associated with ownership of minerals or energy sources or the acquisition and divestiture of mineral properties, minerals or real property associated with or connected to energy sources, but shall not include administrative, division order or lease analyst functions.

E. Managing rights and/or obligations derived from ownership of interests in minerals or real property associated with or connected to energy sources.

F. Unitizing or pooling of interests in minerals or real property associated with or connected to energy sources. “Minerals” shall include without limitation oil, gas, related hydrocarbons, coal and lignite.

 

Membership of AAPL will now be asked at our “Virtual” annual meeting to vote to approve the

changes. While you may have some concerns with these changes, I believe they are necessary.

AAPL needs to be inclusive of people who may have no alternative than to work in Wind or

Solar, even if it is only for a short while. I am asking for all of you to support these proposed

changes by voting to approve them at the annual meeting in June. Again, if you have concerns

please feel free to reach out to me directly.

 

Membership Dues

AAPL membership dues were set to automatically raise in June 2020, with the current state of the industry the board voted to keep the dues at the current rate.

 

Statement of Financial Position

As compared to December 31, 2018, total assets have increased from $33,186,086 to $39,140,968; a change of $5,954,882 or 17.9%. This is due to market activity related to the investment account. Total liabilities as compared to December 31, 2018 have decreased from $1,954,362 to $1,795,943; a change of $158,419 or 8.1%. This is primarily due to the timing of accounts payable offset by the timing of accrued expenses as well as a decrease in deferred revenue related to educational programs, contract center and annual meeting offset by an increase in unearned membership dues. Relating to accounts payable, checks were printed one week later in December 2018 as compared to December 2019, allowing more expenses to be paid prior to the quarter end. Timing of accrued expenses relate to future advertising income being recognized in December 2018, while this year being properly recognized in January 2020. The decrease in deferred revenue is a result of less people pre-paying for future events. As of December 31, 2019, there were 15,101 members compared to 14,851 December 31, 2018; an increase of 250.

 

Finally, there are numerous opportunities for free continuing education coming up in the next few months. Please check the AAPL website for more details. During these trying times I hope you and your families are safe and healthy! If you would like more details about anything discussed herein, or about AAPL in general, please do not 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 13 Jun 2020
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