AAPL Directors Report 12-20

AMERICAN ASSOCIATION OF PROFESSOINAL LANDMEN
QUARTERLY BOARD of DIRECTORS MEETING, VIRTUAL

December 12, 2020

The virtual AAPL Quarterly Board Meeting was held on December 12th, 2020. Lester Zitkus, AAPL President, called the
meeting to order. The invocation was given by Jay Beavers, 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 12th, 2020 were adopted by acclamation.
Treasurer’s Report:
Kyle Reynolds,
Treasurer, provided a report on AAPL and its affiliates for the period ending September 30, 2020 as follows:

AAPL, Inc.’s
total assets are $40,581,529, while total liabilities are $1,861,332.

Revenues
(exclusive of investment revenue) totaled $508,542 as of September 30, 2020. This is a decrease of
32.3% from September 30, 2019. The decrease in revenue was primarily due to decreases in educational seminar
fees, membership dues and publications.

Expenses
through September 30, 2020 totaled $1,300,653. This is a decrease of 20.4%. The decrease in
expenses is mostly comprised of education (decrease of $150,698 or 76.3%), board meeting (decrease of $93,943
or 99.1%), and G&A expenses (decrease of $66,482 or 6.9%)

Investments
as
of September 30, 2020
are
$33,875,859 which is an increase of $3,775,048 or 12.5% as
compared to the same period last year. The change has been the result of unrealized and realized gains due
to market activity in the AAPL investment account.

As of September 30, 2020, the
Education Foundation, Inc.’s
balance sheet reflects $4,714,943, which is an
increase of $339,779 as compared to the same period last year. The Statement of Investment Accounts reflects
$4,451,392 total monies invested which is an increase of $328,985 as compared to the same period last year.

As of September 30, 2020, the
Landman Scholarship Trust’s
balance sheet reflects $8,367,228, which is an
increase of $668,516 as compared to the same period last year. The Statement of Investment Accounts reflects
$8,220,525 total monies invested, which is an increase of $606,026 as compared to the same period last year.
AAPL General Report:

This was the third consecutive board meeting held in the virtual format.

To benefit membership and in response to Covid-19, a schedule of 10 complimentary one-hour webinars
was developed and began in March. This is in addition to the free monthly streaming videos that can be
found on the AAPL website. 1380 AAPL members have viewed these free webinars to date.

Wind and Solar focused webinars are coming soon.

2020 AAPL membership totaled 12,003 members, this is a -19.44% change from 2019
NAPE Summit

2021 NAPE Summit moves to August

The new NAPE Summit dates are:

In Person: Aug. 18-20, 2021

Virtual: Aug. 9-Sept. 3, 2021

New Hybrid event including in-person and virtual registration options on the NAPE network.

Nape Expo Charities fund event featuring General Mattis as keynote speaker.

The NAPE committee is working with and meeting weekly with the City of Houston (Houston First reps) and the
GRB staff to ensure we will have the most up-to-date and effective safety protocols in place.
Annual Meeting

The 2021 Annual meeting is still scheduled for June 23-26 in Banff, Alberta Canada

AAPL staff and committee members will monitor covid-19 and any possible travel restrictions and alert
membership as soon as any changes to the scheduled meeting are made.
Other Noteworthy News/Reports:

Professional Development Assistance 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-
development-assistance

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 March 12-14, 2021

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