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.
“Bankruptcy” is also approximately a 2-hour video course. It provides individuals, organizations, and companies an introduction to the bankruptcy code, the different types of bankruptcies and their applications, key concepts/terms (Filing Date, Types of Transfers, Proof of Claims, Meeting of Creditors, Executory Contracts, etc.), timelines for each type of bankruptcy, Farm-out & Joint Operating Agreements, counterparties, opportunities in bankruptcy, and more.
The current instability in the world’s economy has impacted the energy sector, which has seen a record number of bankruptcy filings in the first two quarters of 2020. Consequently, it is more important than ever for those in the energy sector to be familiar with bankruptcy law. After you complete this course, you should have a basic understanding of the different types of bankruptcies, as well as many of the essential concepts in bankruptcy law. Additionally, you will be able to appreciate how bankruptcy will impact many of the more commonplace oil and gas agreements and what you can do now to protect yourself from future bankruptcy filings. Finally, there will be a brief discussion of the opportunities available for creditors or other parties when a mineral owner or producer files bankruptcy.
Mr. Lewis had this to say regarding his experience with Oilfield Basics, “I have thoroughly enjoyed working with the folks at Oilfield Basics. Their focus on creating content that is both educational and practical is a refreshing change from the usual offerings.”
Both of Mr. Lewis’s courses “Oil & Gas Leases” and “Bankruptcy” are now available for purchase on our site. You can view the course details and purchase them here: https://oilfieldbasics.com/lp-courses/
For additional information, visit: Oilfield Basics, LLC
American Energy Partners, Inc. (AEPT)
AEPT and its group of companies focus on providing solutions in markets where energy production and water meet technology. Collectively, the subsidiaries are engaged in the energy sector as well as the design, construction and operation of regional water treatment facilities that serve the industrial, energy and government sectors.
For additional information, visit: American Energy Partners, Inc.
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