AMERICAN ASSOCIATION OF PROFESSOINAL LANDMEN
QUARTERLY BOARD of DIRECTORS MEETING, San Antonio, TX
December 3, 2017
The AAPL Quarterly Board Meeting was held on December 3, 2017 at the Omni La Mansion Dl Rio in San Antonio, Texas. David Miller, AAPL President, called the meeting to Order. The Invocation was given by Pamela Feist, followed by the introduction of guests and roll call of the Executive Committee, Directors and Committee Chairs. Upon adoption of the Agenda, the minutes from the last board meeting on September 10, 2017 were adopted by acclamation.
Treasurer’s Report: Glen Mauldin, Treasurer, provided a report on AAPL and its affiliates for the period ending September 30, 2017 as follows:
As compared to September 30, 2016, AAPL, Inc.’s total assets have increased from $30,411,520 to $32,945,780 – a change of $2,534,259 or 8.3%. Total liabilities, as compared to September 30, 2016, have increased from $1,806,390 to $2,124,449 - a change of $318,059 or 17.6%.
Revenues (exclusive of investment revenue) compared to September 30, 2016 have increased from $552,651 to $761,619, a change of $208,968 or 37.8%. The increase in revenue is due to the increase in membership dues prices, reinstatement of recertification fees, increase in publications income, Contract Center income and rental income from NAPE Expo.
Expenses have increased 25.6% from $1,415,396 to $1,777,422, a change of $362,026. The increase in expenses is due in large measure to the one-time $500,000 disaster relief contribution AAPL made to the AAPL Educational Foundation. When excluding the donation, expenses decreased by 9.75% overall. The decrease is due to the elimination of governmental lobbying expenses and a reduction in salaries, contract labor, and benefits by moving seven employees to NAPE Expo.
Investments as of September 30, 2017 are $25,020,423, an increase of $1,047,963, or 4.4% as compared to the same period last year. The change has been the result of unrealized and realized gains in the AAPL investment account.
As of September 30, 2017, the Education Foundation, Inc.’s balance sheet reflects $4,403,017, which is an increase of $988,616 or 28.95% as compared to the same period last year. The Statement of Investment Accounts reflects $3,874,275 total monies invested which is an increase of $475,411 or 13.99% as compared to the same period last year.
As of September 30, 2017, the Landman Scholarship Trust’s balance sheet reflects $7,090,472, which is an increase of $711,612 or 11.16% as compared to the same period last year. The Statement of Investment Accounts reflects $6,918,798 total monies invested, which is an increase of $665,045 or 10.63% as compared to the same period last year.
AAPL General Report:
Update on AAPL’s disaster relief efforts:
o As of the date of the meeting, nearly $50,000 has been raised. This was matched by both AAPL and the AAPL Educational Foundation.
o There were 31 applications submitted for relief assistance of which 16 were approved and funds were distributed. Of the remaining applications, 14 were pending review/approval and 1 application was denied.
o Funds continue to be distributed, as needed, to approved applicants in $5,000 increments.
o EVP Melanie Bell gave a report on the volunteer workday in Rockport/Portland, Texas to assist in the cleanup efforts after Hurricane Harvey.
o OCAPL contributed $3,150 to the relief effort
Birmingham, Alabama will be the site of the September AAPL Board of Director’s Meeting while Austin, Texas will hold the December Board of Director’s Meeting.
The Albuquerque Association of Petroleum Landmen was disbanded due to inactivity.
AAPL will be holding its 64th Annual Meeting in Denver, Colorado June 19-20, 2018. David Lawler, CEO of BP America will be the Keynote Speaker. Registration will be open January 8th. Sponsorships are available and start at just $200. The Annual Meeting Committee’s sponsorship goal is $125,000.
NAPE will be celebrating 25 years at NAPE Summit.
o Ford F-150 door prize and other giveaways including a Houston Rockets suite package.
o Job Fair with over twenty companies already reserving booths.
o Tom Brokaw will be guest speaking at the NAPE Charities Luncheon.
o Summer NAPE will be August 15-18, 2018 in Houston, Texas.
Other Noteworthy News/Reports:
COPAS 2005 and the 2015 Master Land Service Agreement (MLSA) are being finalized for Contract Center.
Soon, members can use online tools to express interest in serving on AAPL committees.
The AAPL Mobile App can be downloaded on your phone. The app includes details for educational and member services.
If you are in need of credits, please check the AAPL website as previously recorded seminars are available for as low as $10/credit.
An independent contractor toolkit is available on the AAPL website. Please check it out if you are an independent contractor or employ independent contractors.
The next Board of Director’s meeting will be March 11, 2018 at the Estancia La Jolla Hotel and Spa in La Jolla, California.
If you are interested in serving on an AAPL or OCAPL committee or otherwise becoming more involved, please feel free to contact me. Additionally, if you have any questions, comments, concerns, or ideas regarding the AAPL and/or its services, please do not hesitate reach out.
AAPL Directors Report 12-17
AMERICAN ASSOCIATION OF PROFESSOINAL LANDMEN