AMERICAN ASSOCIATION OF PROFESSOINAL LANDMEN
QUARTERLY BOARD of DIRECTORS MEETING, Arlington, TX
June 23, 2021
The AAPL Quarterly Board Meeting and National Annual Meeting was held on June 23rd, 2021 at Live! By Lowes in Arlington. 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 March 14th, 2021 were adopted by acclamation.
Treasurer’s Report: Kyle Reynolds, Treasurer, provided a report on AAPL and its affiliates for the period ending March 31, 2021 as follows:
AAPL, Inc.’s total assets are $43,656,114, while total liabilities are $1,568,585.
Revenues (exclusive of investment revenue) totaled $1,662,333 as of March 31, 2021. This is a decrease of 36.4% from March 31, 2021. The decrease in revenue was primarily due to decreases in NAPE Expo distributions, educational seminar fees (due to cancellation of in-person seminars due to Covid-19), and membership dues.
Expenses through March 31, 2021 totaled $4,151,599. This is a decrease of 15.1%, from the same time last year. The decrease in expenses is mostly comprised of education (decrease of $400,449 or 69.3%), board meeting (decrease of $220,322 or 81.9%), and G&A expenses (decrease of $71,916 or 2.5%)
Investments as of March 31, 2021 are $36,955,652 which is an increase of $10,539,323 or 39.9% 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 March 31, 2021, the Education Foundation, Inc.’s balance sheet reflects $5,361,645, which is an increase of $1,636,484 as compared to the same period last year. The Statement of Investment Accounts reflects $5,142,751 total monies invested which is an increase of $1,531,658 as compared to the same period last year.
As of March 31, 2021, the Landman Scholarship Trust’s balance sheet reflects $9,458,132 which is an increase of $2,798,932 as compared to the same period last year. The Statement of Investment Accounts reflects $9,382,757 total monies invested, which is an increase of $2,842,193 as compared to the same period last year.
AAPL General Report:
The 2021-2022 Officer slate is as follows:
President – James “Jim” Devlin, CPL, Corpus Christi, TX
First Vice President – Carl D. Cambell, CPL, Houston, TX
Second Vice President – Gregory “Greg” M. Riedl, CPL, Chalmette, LA
Third Vice President – William “Will” G. Boone, CPL, Wichita, KS
Treasurer – Cranford Newell, CPL, Denver, CO
Secretary – Sara Worsham, CPL, Round Top, TX
The new NAPE Summit dates were:
In Person: Aug. 18-20, 2021
Virtual: Aug. 9-Sept. 3, 2021
The new Hybrid event included in-person and virtual registration options on the NAPE network.
Nape Expo Charities fund event featured General Mattis as keynote speaker.
New this year will be the Renewable Energy Pavilion. This pavilion will host sponsors, exhibitors and attendees who are working in or are interested in learning more about this sector of the industry.
Final attendance numbers will be provided in the next report.
The 68th Annual meeting will be held in Chicago, Illinois June 15-18, 2022
Host hotel is the Hilton, Chicago
Sponsorships are available.
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. This program is available for all AAPL members. 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 June 22-23, 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.