DECEMBER 2019 DAPL NEWSLETTER · wyatt robson 1212 singleton boulevard apt 2007 dallas, tx 75212 [email protected] (580) 399-9563 v 'frederick' waller 15303 n. dallas park way,

DECEMBER 2019 DAPL NEWSLETTER

2018 – 2019 DAPL BOARD OF DIRECTORS President Alicia Surratt JP Morgan [email protected] (214) 965-2225 1st VP (Golf Tournament) Mason McCowen Sponte Resources, LLC [email protected] (512) 289-3145 2nd VP (Membership) Andrew Swann, CPL Scout Energy [email protected] (972) 325-1070 3rd VP (Website) Ben Boyer Millennial Energy Group [email protected] (214) 907-5987 Sergeant-At-Arms Jack VanDeventer Covey Park Energy [email protected] (903) 521-4828 Treasurer C. Mason Guinn Comstock Resources, Inc. [email protected] (972) 668-2097 Secretary Brian Tolson, RPL Equitas Energy Partners, LLC [email protected] (817) 781-6471 Technology Director Cameron Kroese, CPL Peregrine Energy Partners [email protected] (214) 206-1800

Publications Director Reid Zambardino, RPL Dorchester Minerals, L.P. [email protected] (214) 217-6220 NGL & Membership Co-Director Heath Burnett Northern Trust [email protected] (972) 738-8431 Advertising & Education Director Bennett Neale, RPL HERV Oil, LLC [email protected] (214) 643-6075 Advertising Director Michael Anderson Bainbridge Uinta, LLC [email protected] (972) 954-3427 Entertainment Director Joel Robbins, CPL Merit Energy Company [email protected] (972) 628-1647 Immediate Past President Matt McCauley, CPL Comstock Resources, Inc. [email protected] (972) 688-0607 AAPL Director Matt McCauley, CPL Comstock Resources, Inc. [email protected] (972) 688-0607

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Mark Your Calendar and DAPL Events

2019 DAPL Christmas Party

Friday, December 13, 2019 6:00 PM – 10:00 PM

Park City Club, 5956 Sherry Lane, Suite 1700, Dallas, Texas 75225

DAPL Dinner with AAPL President, Jay Beavers

Wednesday, January 8, 2020 5:30 PM – 8:00 PM

Dallas Petroleum Club, 2200 Ross Ave., Dallas, Texas 75201

Topic: APPL President, Jay Beavers, will be updating the DAPL on the state of the AAPL

Educational Luncheon at Maggiano’s North Park

Wednesday, January 22, 2020 11:30 AM – 1:00 PM

Maggiano’s NorthPark, 205 N. Park Center, Dallas, Texas 75225

Topic: Chance Decker & Ryan Sears of Gray Reed & McGraw LLP present the Top 10 Texas Oil & Gas Cases of 2019

‘Twas the 13th of December and WTI was high, It was a day to celebrate for every oil gal and guy.

A party was planned by the DAPL, With dinner, cocktails and live music as well.

All you needed was a toy at the door, To enjoy the night of dancing galore.

The NGL were in awe of the wildcatters moves, And everyone was in their holiday groove.

According to each DAPL member,

It was a fun-filled night they will surely remember.

When: Friday, December 13th, 2019 from 6:00pm to 10:00pm

Where: Park City Club, 5956 Sherry Lane, 17th Floor, Dallas, TX 75225

Pricing: FREE for Members (Includes Plus-One). $60 for Additional Guests

Registration: Register on the DAPL website, dapl.org

Additional Notes: Please bring an unwrapped, new toy for donation to Toys for Tots!

DAPL WELCOMES NEW MEMBERS

RYAN COWGILL 2626 HOWELL ST. DALLAS, TX 75204 [email protected] (214) 336-9717

H.P. GORHAM 3616 GAITLAND CIRCLE FLOWER MOUND, TX 75022 [email protected] (307) 689-5917

JORGE HERNANDEZ P.O. BOX 1071 FORNEY, TX 75126 [email protected] (469) 682-3561

JONI LOPEZ 5049 EDWARDS RANCH RD, FLOOR 4 FORT WORTH, TX 76109 [email protected] (817) 366-8162

ERIN RAUGHTON 1700 N. REDBUD BLVD., SUITE 400 MCKINNEY, TX 75069 [email protected] (214) 696-7718

GARY RICHARDSON 7557 RAMBLER RD., SUITE 918 DALLAS, TX 75231 [email protected] (214) 369-2020

WYATT ROBSON 1212 SINGLETON BOULEVARD APT 2007 DALLAS, TX 75212 [email protected] (580) 399-9563

V 'FREDERICK' WALLER 15303 N. DALLAS PARKWAY, SUITE 1350 ADDISON, TX 75001 [email protected] (972) 788-5813

National Fracking Ban Would Cost Billions, Harm New Mexico Economy New Study Says

BY MICHAEL SANDOVAL DECEMBER 4, 2019

New Mexico stands to lose more than 142,000 jobs and $86 billion in state economic development by 2025 if hydraulic fracturing is banned, according to a new report.

The analysis from the U.S. Chamber of Commerce Global Energy Institute (GEI) was unveiled today at the New Mexico Association of Commerce and Industry’s 2019 Legislative FOCUS and semiannual meeting.

With several 2020 Democratic Presidential candidates–including U.S. Sens. Elizabeth Warren and Bernie Sanders–pledging to end the process along with national anti-fossil fuel groups calling for the immediate halt to fracking in states heavily dependent on it for access to natural resource development, the study outlines the damaging effect such a ban would have on New Mexico’s economy. The estimates provided by GEI point to a 16 percent reduction in the state’s total workforce, and a loss of $26 billion in household income through 2025.

“America is cleaner and stronger as a result of increases in domestic oil and natural gas production made possible by hydraulic fracturing and advances in technology,” said Marty Durbin, President of the Chamber’s Global Energy Institute, at the study’s release.

“In particular, New Mexico has been both a major beneficiary and a major contributor to this energy revolution, which means that it has a lot at stake in this debate. Our goal is to ensure that candidates for public office and voters understand how important oil and natural gas production is to New Mexico’s economy, and the real world harm across many areas that would come if fracking were banned,” Durbin said.

The study is the first in a series of planned updates through 2020 for several additional states, starting with New Mexico, that the Chamber first examined in their 2016 “Energy Accountability Series.”

“Every New Mexican is benefiting from the rapid increase in oil and natural gas production as a result of hydraulic fracturing,” said Rob Black, President and CEO of the New Mexico Association of Commerce and Industry. “Our state is now seeing record budget surpluses that are fueling much-needed investment in education and infrastructure as a direct result of oil and natural gas production. This new study should give pause to those who advocate for hydraulic fracturing bans, which would be devastating for New Mexico.”

From 2013 to 2018, according to the study, the largest portion of the state’s increase in employment and gross domestic product “can be attributed to the recent boom in oil and natural gas production stemming from hydraulic fracturing.” That includes the addition of nearly $11 billion in GDP in just five years.

Halting the use of hydraulic fracturing would mean New Mexico “would forego $8.0 billion in state and local tax revenues while federal government tax receipts will be reduced by $8.3 billion over this same period.”

Many of those federal tax receipts would normally be shared with the state, and the loss of more than $2.2 billion in oil and gas tax revenues, as Western Wire reported earlier this year, would harm not only the state’s budget, but educational spending. For example, the state took in more than $500 million from Bureau of Land Management oil and gas lease sales in 2018 alone.

Under current regulations, New Mexico is poised to enjoy its largest production year in 2019, with natural gas production helping to drive its overall output, which has increased more than 25 percent since 2013, with the vast majority–64 percent–of production accessed through hydraulic fracturing.

The increase in natural gas usage for energy and electricity needs has resulted in a dramatic decrease in carbon emissions from the energy sector, leading to the reduction of more than 2.8 billion metric tons of CO2 emissions between 2005 and 2018, according to the Energy Information Administration.

This reduction is directly “attributable specifically to shifts from coal to natural gas,” according to the EIA report released in November, with 444 million metric tons of reduction in 2018 alone, more than the 311 million metric tons of CO2 reduced through “noncarbon-related emissions reductions.” Over the same period, EIA saw U.S. demand for electricity increase by 4 percent.

Originally posted on westernwire.com (https://westernwire.net/national-fracking-ban-would-harm-new-mexico-economy-new-study-says/)

SAVE THE DATE

TEXAS ENERGY COUNCIL’S 32nd ANNUAL SYMPOSIUM

“DYNAMICS OF CHANGE” APRIL 30, 2020

DALLAS PETROLEUM CLUB

Scheduled Speakers:

Jacqueline Peterson, J.D. – Anticorruption, Compliance & Ethics Services, Weaver

Gustavo Sanchez – Co-founder, PandaTech

Bernard Clark, J.D. – Partner, Haynes and Boone, LLP

Scott Rees – President/COO, Netherland Sewell & Assoc.

Murphy Markham – Managing Partner, EnCap Investments

Chrysta Casteñeda, J.D. – The Casteñeda Firm

Question about the symposium? Contact Buffie Campbell at [email protected]

Please consider becoming a sponsor - all proceeds benefit student scholarships and educational initiatives. Contact Bob Unger at [email protected] or check out our website for

more information at www.texasenergycouncil.org

The Texas Energy Council (TEC) is a non-profit, non-partisan organization of professional and educational societies dedicated to serving the energy industry in Texas. The TEC was founded in 1988 as the Dallas Energy Council, changed to the North Texas Energy Council in 1996 and to the Texas Energy Council in 2007. The TEC provides a forum for all energy-related professional societies and educational institutions to communicate issues and transfer technology among its members and the general public and provide scholarships for college students in an energy related major. For more information: www.texasenergycouncil.org.

Texas Energy Council, Inc. P.O. Box 600466 Dallas, Texas 75360

www.TexasEnergyCouncil.org

The Texas Energy Council (TEC) is a non-profit, non-partisan organization of professional and educational societies dedicated to serving the industry in Texas. The TEC was

founded in 1988 as the Dallas Energy Council, changed to the North Texas Energy Council in 1996 and to the Texas Energy Council in 2007. The TEC provides a forum for all energy-

related professional societies and educational institutions to communicate issues and transfer technology among its members and the general public and provide scholarships for college

students in an energy related major. For more information: www.texasenergycouncil.org

Texas Energy Council welcomes sponsorships for the 2020 Symposium

April 30,2020 -- Dallas Petroleum Club

Texas Energy Council - “Professional Societies United to Educate” P. O. Box 600466, Dallas, Texas 75360-0466, www.texasenergycouncil.org

Platinum Sponsor $7,500 TEC Thanks our 2019 Platinum Sponsor: COPAS of Dallas 16 Symposium registrants, special recognition as Sponsor in the program and at Symposium lunch,

prominent signage at the event, exhibit location and recognition on the TEC website for one year. Three (3) scholarships credited to the sponsor’s name.

Gold Sponsor $ 5,000 TEC Thanks our 2019 Gold Sponsors: ExxonMobil & Pioneer Natural Resources 12 Symposium registrants, special recognition as Sponsor at Symposium lunch, larger signage at the

event, exhibit location and recognition on TEC website for one year. Two (2) scholarships credited to the sponsor’s name.

Silver Sponsor $2,500 TEC Thanks our 2019 Silver Sponsors: Hunt Consolidated & Petro-Hunt 8 Symposium registrants, special recognition as Sponsor at Symposium lunch, increased signage at

the event, exhibit location and recognition on TEC website for one year. One (1) scholarship credited to the sponsor’s name.

Bronze Sponsor $1,000 TEC Thanks all our 2019 Bronze Sponsors: 13 4 Symposium registrants, recognition as Sponsor at Symposium lunch, signage at the event, exhibit

location and recognition on the TEC website for one year. Associate Sponsor $500 TEC Thanks all our 2019 Associate Sponsors: 22 2 Symposium registrants, recognition as Sponsor at Symposium lunch, signage at the event, exhibit

location and recognition on the TEC website for one year.

----------------------------------------------------------------------------------------------------------------------------------------------------- Yes, I agree to be a __________________________ sponsor at the 2020 TEC Symposium at $___________________ .

Enclosed is my check #___________________ for $_____________________ OR please bill my Credit Card Number: _______________________________________________________________, Exp. Date: ______________________

Credit card type (check one): Master Card ________, Visa ________, American Express ________.

Name on Credit Card: ___________________________________________ Telephone No.: _____________________

OR please mail invoice to: _________________________________________________________________________

Company/Contact Name/Email: _____________________________________________________________________

Address: ________________________________________________________________________________________

City: ____________________________ State: ___________ Zip Code: _____________. P.S.: THE TEC THANKS YOU!!

DATE EVENT LOCATION CREDITS

12/10/2019 - 12/13/2019 Oil & Gas Land Review, RPL/CPL Exam Houston, TX18.00 CEU

1.00 ETHICS

12/13/2019 RPL/CPL Exam Only Fort Worth, TX12/13/2019 - 12/15/2019 December 2019 Board of Directors Meeting Grapevine, TX

1/7/2020 Petroleum Economics Seminar Fort Worth, TX6.00 CEU

1.00 ETHICS

1/21/2020 - 1/24/2020 Oil & Gas Land Review, RPL/CPL Exam Midland, TX18.00 CEU

1.00 ETHICS

1/24/2020 Held By Production & Royalty Issues (webinar available) Oklahoma City, OK

2/3/2020 RPL/CPL Exam Only Houston, TX

2/4/2020 Petroleum Economics Seminar (webinar available) Houston, TX6.00 CEU

1.00 ETHICS

2/5/2020 - 2/7/2020 2020 NAPE SUMMIT Houston, TX

2/6/2020 NAPE Connections & Conversations: Women in Energy Houston, TX

2/7/2020 NAPE Government Affairs Session Houston, TX2/11/2020 Due Dilligence Seminar Austin, TX

3/3/2020 - 3/6/2020 Oil & Gas Land Review, RPL/CPL Exam Oklahoma City, OK18.00 CEU

1.00 ETHICS

3/11/2020 Mining & Land Resources Institute Stateline, NV3/13/2020 Working Interest & Net Revenue Interest Seminar Corapolis, PA3/24/2020 Surface Use & Access Seminar (webinar available)4/2/2020 Field Land Seminar Midway, UT

4/6/2020 - 4/9/2020 Oil & Gas Land Review, RPL/CPL Exam Bakersfield, CA18.00 CEU

1.00 ETHICS

5/12/2020 - 5/15/2020 Oil & Gas Land Review, RPL/CPL Exam Pittsburgh, PA18.00 CEU

1.00 ETHICS

5/29/2020 Held By Production & Royalty Issues (webinar available)

Upcoming AAPL Events

NEXT GENERATION LANDMEN

Next Generation Landmen (“NGL”) is a group within the Dallas Association of Petroleum Landmen (“DAPL”) that promotes the development of young professionals in an educational and social setting. NGL is mostly comprised of DAPL members ranging from 0-15 years of experience, but all members of DAPL are encouraged to attend events. Throughout the year NGL hosts educational luncheons, happy hours, seminars, sports events and joint meetings with other local energy associations. Participating in Next Generation Landmen is free and allows DAPL members to get additional value out of their annual dues.

NGL Connections is a mentor program that connects interns and NGL’s with Senior Landmen to address the experience gap within our profession. NGL Connections is a great way for experienced Landmen to invest in the future of our business. A mentorship is so valuable to the NGL’s education; it adds a dimension of training not accomplished in the classroom. Participants arrange meetings based on their schedule and discuss important Land fundamentals, challenging work scenarios or current industry news.

Send an email to [email protected] to become more involved in NGL!

DAPL Advertising

ATTENTION MEMBERS

Want to reach an audience of roughly 350 (and growing) company

and field landmen, attorneys, mineral managers, and analysts

actively working in nearly every oil and gas basin in the United

States?

...THEN ADVERTISE WITH US

The DAPL is in the process of revamping its website and newsletter

to better serve its membership. This revamp will allow for

advertisers and sponsors to be more prominently featured while

hopefully attracting an even greater number of members. We have

decreased and simplified our newsletter advertising prices and will

be updating our website advertising prices this summer. Updated

newsletter advertising prices are as follows:

Please contact the DAPL Advertising Director, Bennett Neale

([email protected]), for more information or to advertise

with us today!

DAPL Newsletter Advertisement Prices Effective April 10, 2019 Size/Type Dimensions 10 Issues (Full Year) 5 Issues (Half Year) Full Page 7.5 x 10.5

inches $2,500 $1,500

1/2 Page 7.5 x 5.25 inches

$1,250 $750

1/4 Page 3.75 x 5.25 inches

$625 $400

1/8 Page 3.75 x 2.125 inches

$400 $250

NTAC:3NS-20

DALLAS ASSOCIATION OF PETROLEUM LANDMEN P. O. Box 600096, 2019 Membership Year Dallas, Texas 75360-0096 January-December Please accept my application for membership in the Dallas Association of Petroleum Landmen under the classification of membership I have checked below. I agree to be governed by the Constitution and Bylaws of the Association, including the Code of Ethics. Check one of the following: _____ ACTIVE Member ($150.00)– Active membership in the association shall be available to professional Landmen whose responsibilities primarily

involve the negotiation for the acquisition and/or divestiture of mineral rights, negotiation of business agreements that provide for the exploration , trading and management of oil, gas and all other mineral estates in land in a non-administrative or clerical manner. An applicant for active membership must have the sponsorship of two (2) Active Members of the Association who know the applicant.

_____ ASSOCIATE Member ($150.00) – Associate membership in the Association shall be available to all persons who are directly, primarily and

regularly engaged in performing services in the oil, gas and mineral industry. Associate Members shall have all the rights and privileges of Active Members except they may not hold office in the Association, vote in Association affairs or sponsor membership applications. An applicant for associate membership must have the sponsorship of two (2) Active Members of the Association who know the applicant.

NON-RESIDENT Member ($40.00) – Non-Resident membership in the Association shall be available at the discretion of the Board to individuals

residing at least seventy-five (75) miles from downtown Dallas. Non-Resident Members will pay reduced annual dues as set by the Board. Non-Resident Members will have all the rights of Active Members except they may not hold office in the Association, vote in Association affairs or sponsor membership applications, and they will pay their share of any and all activities attended. An applicant for Non-Resident membership must be sponsored by two (2) Active Members of the Association or two (2) non-member CPL’s. If the applicant is a CPL no sponsors are required.

_____ SENIOR Member ($40.00) – Senior membership shall be optional to those members who have reached the age of sixty (60) years, and have

actively engaged as a Petroleum Landman for at least twenty (20) years, and an Active member of the Association (DAPL) for a period of at least five (5) years. A senior member shall be relieved of his obligation of paying full annual dues, without prejudicing his/her fair rights as an Active member of the organization; provided however, a Senior member shall pay his/her share of ANY and ALL activities attended, plus reduced annual dues which shall be fixed from time to time by the Board of Directors.

PLEASE PRINT C L E A R L Y Full Name (please print) Preferred First Name Company Name__________________________________ Nature of Business (i.e., Production, Exploration, Brokerage, etc.) Position Title___________________ Does this position, primarily involve Landman responsibilities

(yes or no) Length of Experience as a Landman _______ Length of total energy industry experience _________ Office Address / / Street City Zip Office Phone ______________________________ Cell Phone (optional) All DAPL news/information is sent via email. E-mail Address Please print legibly Are you a member of the AAPL?______ (yes/no) Birth date ___/___/_____ (for AAPL purposes) Are you a CPL?___RPL?___ ESA? ______ Universities Attended Other industry associations/societies of which you are a current member Date______________________ Signature of Applicant The following two (2) ACTIVE Members in good standing have signed below as sponsors of this applicant. Associate Members may not sponsor. Sponsor’s Signature Sponsor’s Signature Print Name Legibly: Print Name Legibly: Email Address: Email Address: Phone Phone MEMBERSHIP APPROVED: THE BOARD OF DIRECTORS DATE________________________ President______________________________

THIS APPLICATION MUST BE SUBMITTED TO THE ABOVE ADDRESS WITH A CHECK MADE OUT TO DAPL FOR ANNUAL DUES IN THE AMOUNT OF $150.00 IF ACTIVE OR ASSOCIATE, OR $40 IF NON-RESIDENT.

50% AFTER JUNE 1. RETURN TO ABOVE ADDRESS. Your dues cover the costs associated with all DAPL publications, regular meetings and social functions.

AMBASSADORS OF THE OIL INDUSTRY LAND IS THE BASIS OF ALL WEALTH