AAPL Directors Report 12-19

AMERICAN ASSOCIATION OF PROFESSOINAL LANDMEN

QUARTERLY BOARD of DIRECTORS MEETING, Grapevine, TX

December 15, 2019

The AAPL Quarterly Board Meeting was held on December 15th, 2019 at the Gaylord Texan Resort, Grapevine, TX. Jay Beavers, AAPL President, called the meeting to Order.  The invocation was given by Mike Curry, followed by the introduction of guests and roll call of the Executive Committee, Directors and Committee Chairs. New Directors/Temporary and Sub-Directors were seated. Upon adoption of the agenda, the minutes from the last board meeting on September 19, 2019 were adopted by acclamation. 

Treasurer’s Report: Jason Maloy, Treasurer, provided a report on AAPL and its affiliates for the period ending September 30, 2019 as follows:

AAPL, Inc.’s total assets are $38,460,078, while total liabilities are $2,290,725. 
Revenues (exclusive of investment revenue) totaled $751,363 as of September 30, 2019.  This is an increase of 1.2% from September 30, 2018. 
Expenses through September 30, 2019 totaled $1,633,056.  This is an increase of 26.8% from September 30, 2018.  The increase in expenses is mostly comprised of general and administrative expenses (increase of $154,673), education expenses (increase of $58,851) and IT and software expenses (increase of $47,953).         
Investments as of September 30, 2019 are $30,100,811 which is an increase of $1,430,447.    
As of September 30, 2019, the Education Foundation, Inc.’s balance sheet reflects $4,375,164, which is a decrease of $51.144 as compared to the same period last year. The Statement of Investment Accounts reflects $4,122,407 total monies invested which is a decrease of $111,444 as compared to the same period last year.
As of September 30, 2019, the Landman Scholarship Trust’s balance sheet reflects $7,698,712, which is a decrease of $153,191 as compared to the same period last year. The Statement of Investment Accounts reflects $7,614,499 total monies invested, which is an increase of $8,734 as compared to the same period last year.

AAPL General Report:

New EVP Dr. Greta Zeimetz presented the AAPL staff report at the meeting.  She is currently working on areas to streamline and improve workflow including:

Calendar system – tracking who is in and out of the office.
Software/IT support
Human resources – orientation/on-boarding, personnel files, vacation and sick time tracking, job descriptions
Membership, education and Certification

AAPL currently has 15,138 members.  2,920 of those have obtained their CPL and 1,874 have their RPL. 
As of November 18th, 2019, the Professional Development Assistance program has given $9,300, the breakdown is as follows:

Institutes - $3,600
Seminars - $3,000
Oil and Gas Review - $1,200
NAPE - $600
Books and Videos - $300
Exams - $300

NAPE Summit

NAPE Season Pass - a new season pass is available, which includes admittance to both NAPE summit and Summer NAPE and guarantees you pay the early bird price no matter when you register. 
NAPE Charities Luncheon will feature Nikki Haley – former governor of South Carolina and US ambassador to the United Nations. 
A job fair will be held for all NAPE attendees. 
NAPE Magazine – debuts with the October issue; all NAPE attendees receive a free annual subscription. 
New this year, NAPE is partnering with TCU to host the first Energy Innovation Case Competition.   The AAPL education foundation is the title sponsor and $40,000 in cash will be awarded to the students of the winning teams. 
2020 NAPE Summit will once again feature a women’s event entitled Connections & Conversations:  Women in Energy with a moderated panel featuring Ali Pruner, Sarah Sandberg, and Jacki Deason.

Summer NAPE   

NAPE Season Pass - a new season pass is available, which includes admittance to both NAPE summit and Summer NAPE and guarantees you pay the early bird price no matter when you register. 

Annual Meeting

The 2020 Annual Meeting will be held June 17-20, at the Hyatt Regency Hotel in Huntington Beach, California. 
Special events this year:  THUMS Island tours, workouts on the beach, Landman Bash on the beach, AAPL Champion Golf Tournament at Pelican Hill. 
Registration is now open. 

Other Noteworthy News/Reports:

Professional Development Assistance Program – as mentioned earlier in this report, this program reduces the registration fee up to $300 for AAPL operated events including the Annual Meeting, the NAPE Business Conference, and educational workshops and seminars.  For more information about this program go to:  https://www.landman.org/professional-development/professional-developmen...
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.  More information is available on the AAPL website
The next Board of Director’s meeting will be at The Marriott Louisville Downtown, Louisville, KY.  March 6-8, 2020.

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.    

Respectfully submitted,

Robert Rice

AAPL Director