AMERICAN ASSOCIATION OF PROFESSOINAL LANDMEN
QUARTERLY BOARD of DIRECTORS MEETING, Las Vegas, NV
March 10, 2019
The AAPL Quarterly Board Meeting was held on March 10, 2019 at the Encore at Wynn Resort, Las Vegas, Nevada. Mike Curry, AAPL President, called the meeting to Order. The Invocation was given by David Miller, 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 December 9, 2018 were adopted by acclamation.
Treasurer’s Report: Michael Pisciotte, Treasurer, provided a report on AAPL and its affiliates for the period ending December 31, 2018 as follows:
AAPL, Inc.’s total assets are $33,164,684, while total liabilities are $1,932,960.
Revenues (exclusive of investment revenue) totaled $1,994,108 as of December 31, 2018. This consists of $847,412 from membership dues, $451,407 from NAPE Expo distribution, $375,925 from educational seminar fees and $149,544 from publication income.
Expenses through December 31, 2018 totaled $2,880,325. Expenses include general and administrative ($1,650,345), publications ($283,867), educational program ($269,667), financial expenses ($170,387), board of director meeting expenses ($168,551) and IT/software expenses ($269,541).
Investments as of December 31, 2018 are $25,143,104, which is a decrease of $1,178,425 due unrealized losses due to market fluctuations.
As of December 31, 2018, the Education Foundation, Inc.’s balance sheet reflects $3,878,036, which is a decrease of $667,797 as compared to the same period last year. The Statement of Investment Accounts reflects $3,694,975 total monies invested which is a decrease of $345,476 as compared to the same period last year.
As of December 31, 2018, the Landman Scholarship Trust’s balance sheet reflects $6,886,448, which is a decrease of $554,331 as compared to the same period last year. The Statement of Investment Accounts reflects $6,685,948 total monies invested, which is a decrease of $608,158 as compared to the same period last year.
AAPL General Report:
The 2019-2020 Officer Slate was announced:
President – Jay Beavers III, CPL
First Vice President – Lester Zitkus, CPL
Second Vice President – Wendy Dalton, CPL
Third Vice President – Sean W. Marshall, CPL
Treasurer – Jason T. Mallow, CPL
Secretary – Britney Crookshanks, CPL
The Awards Committee announced the individual and association awards for this year. Sorry, I need to keep it quiet. You’ll need to attend the Annual Meeting in Pittsburgh to find out!
An amendment to the budget was passed to provide a capital expenditure of $180,000 to professionally film and produce 16 new educational videos specifically dealing with Landman ethics. The new videos will replace the dated library with updated topics and, while some with be general business ethics, most will be specific to Land.
AAPL currently has twenty-two employees with one open position in Marketing and Publications. Tracy Ford joined AAPL in March in Accounting.
NAPE continues with seven employees with one open role for business development.
The Legislative and Regulatory Affairs Committee is working tirelessly on various issues around the country. They continue to monitor legislation in Ohio, Colorado and other states, including Oklahoma.
963 Global Conference Attendees
142,100 Square Feet of Booth Space
A $1 million donation to the NAPE Expo Charities Fund was presented at the NAPE Expo Charities Luncheon to President George W. Bush and former Fist Lady Laura Bush in memory of President George H. W. Bush.
Summer NAPE will be August 21-22.
The AAPL Annual Meeting will be held at the Wyndham Grand Pittsburgh in Pittsburgh, PA on June 19-22. Register now as prices for registration will increase after April 22. Hotel reservation cut-off is May 27 and will fill up fast. You must be registered for the Annual Meeting to get the AAPL hotel rate.
Annual Meeting sponsorship packages are still available.
I mean, 24 CPL/RPL/RL Credits… can’t pass that up!
Contract Center workshops for the new 2015 JOA.
Multiple Pittsburgh Pirate baseball games to choose from.
Landman Bash, Hot Play Happy Hours, Welcome Reception and the Golf Tournament are fantastic networking opportunities.
Other Noteworthy News/Reports:
If you are interested in networking and mentoring, I encourage you to look into the Landman Advisory Connection Program. The program provides a platform for experienced land professionals to mentor new members of our profession or those who may desire to enhance their skills in a certain area of focus. So far, 44 pairs of Advisors and Participants have been matched.
If you are in need of credits, please check the AAPL website as previously recorded seminars are available for as low as $10/credit.
The next Board of Director’s meeting will be at the Wyndham Grand Pittsburgh Downtown in Pittsburgh, PA June 18th and 19th.
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 to reach out.