2020 Q2

2020 Q2

National Association of Division Order Analysts April / May / June 2020

PERSONAL ATTENTION • ETHICAL STANDARDS • PROFESSIONAL SERVICE

PURCHASING ROYALTIES ACROSS THE NATION

Quick, no-obligation offers

Royalty valuations

Mineral rights appraisals

Free estate and title transfer consults

Pro bono Medicaid & social services appraisals

2

N a t i o n a l A s s o c i a t i o n o f D i v i s i o n O r d e r A n a l y s t s

[email protected] • 1-800-950-6954 • www.LegacyRoyalties.com

A RELATIONSHIP OF TRUST

Consider Russell T. Rudy Energy, LLC MINERAL, ROYALTY, & WORKING INTEREST ACQUISITIONS NATIONWIDE

Ownership Transfers Stop Here! We Do Not Reassign, Broker or Repackage Any Interest We Buy

Legal, Engineering, Land & Division Order Expertise On Staff

Known For Integrity and Fair Dealing

NADOA Member 30 Years

N a t i o n a l A s s o c i a t i o n o f D i v i s i o n O r d e r A n a l y s t s 1-800-880-0940 | [email protected] | www.RudyEnergy.com Russell T. Rudy Energy, LLC - Buying Oil & Gas and Mineral Interests Nationwide Since 1983 3

NADOA N a t i o n a l A s s o c i a t i o n o f D i v i s i o n O r d e r A n a l y s t s G R O W T H T H R O U G H E D U C T I O N

Volume MMXX • No 2

www.NADOA.org

Contents Feature

NADOA 2020 Officers President Luanne Johnson, CDOA

Articles

1st Vice President Lewis Box, CDOA 2nd Vice Presiden t Michele Lawton Treasurer Jennifer Kegans

Cybersecurity and Working Remotely............................. 5 Unclaimed Property Legislative Updates........................ 7 Navigating PSA and Advanced Title Calculations......... 8 North Dakota Legal Update......................................... 11 Lease Maintenance Analysis......................................... 13 I Temporary Cessation................................................ 14 II Force Majeure......................................................... 18 III Reduced Production. ............................................. 23 Wyoming Legislative Update........................................ 32

Corresponding Secretary Michelle Harris, CDOA Recording Secretary Vicki Danielson, CDOA

The NADOA News Magazine is a quarterly publication of the National Association of Division

In This

Order Analysts PO Box 1656 Palm Harbor, FL 34682

Issue

Subscription: By membership to NADOA, at $75.00 per year. News Magazine Editor Rona L. Erickson, CDOA Kaiser-Francis Oil Company [email protected] 918.491.4319 Associate Editors April Luedecke, CDOA [email protected] Cheryl Hampton [email protected]

President’s Corner. .................................................1 Decimal Points.......................................................3 Division Order $al.................................................3 2021 Candidates Needed........................................4 Certification...........................................................5 New Members.......................................................31 Counterpart Connection.......................................34 Sympathies – Sharon Baugh.................................38 2020 NADOA Board/Committee Chairs...............40 Calendar of Events. ..............................................41

Graphic Design Paul Beach

On the Cover: Fireworks on the River Courtesy of Shreveport Visitor’s Bureau.

All rights reserved. No part of this publication may be reproduced/copied without written permission. Editorial disclaimer: The contents of this newsletter are intended for member use only and any other use without permission from the NADOA Board of Directors is strictly prohibited.Articles published herein represent the view of the authors; publication neither implies approval of the opinions expressed nor accuracy of the facts stated and NADOA accepts no liability for misprints.

President’s

Corner

Luanne M Johnson, CDOA, CPLTA 2020 NADOA President

Who would have thought when I wrote my last letter for the magazine that the world would be in the state it is in? I knew we would see a lot of changes in this new decade but did not think we would see them as fast we did. I know many of you are now working from home or have worked from home and either are starting to go back to the office or are not sure when that date will be. During this time, we as a board had to make a difficult choice in cancelling the 2020 Institute. We felt with the state of our industry and the state of the COVID-19 virus this was the best thing to do for our organization and for you, our members. With this decision, we also knew we still needed to make sure NADOA provided education, which is one of the most important reasons to come to Institute. So, we are in talks with our speakers and we are working out who would be interested in presenting their class via a webinar. We anticipate having more details about this soon. We know a webinar is not the same as being there at Institute with your friends and the new friends you make while attending, but we hope this will be helpful for continuing your education.

We will miss you this year, but we know that we will be back better than ever next year!

1

G r o w t h T h r o u g h E d u c a t i o n - A p r i l / M a y / J u n e 2 0 2 0

essentially, clients value five things in a law firm

strong relationships

clear communication

budget certainty/ lean staffing

know-how

results

TOP LISTED IN THE U.S. IN ENERGY LAW BY THE BEST LAWYERS IN AMERICA ® Sharon O. Flanery Chair, Energy and Natural Resources Department [email protected]

THIS IS AN ADVERTISEMENT steptoe-johnson.com

ENERGY PROPELS US

Acquisition, Divestiture & Transition

Midstream & Pipeline Due Diligence

Process Design

>Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45

Made with FlippingBook - Online Brochure Maker