2017 Q3

PERMIAN BASIN ASSOCIATION OF DIVISION ORDER ANALYSTS (PBADOA) Association based in the Midland, TX Area

I went around the office here at Pioneer Natural Resources and visited with some of our veteran Division Order Analysts and picked their brains on what advice they would give to a new Division Order Analyst. After wading through the knee jerk responses often meant to be funny

WE Learned, WE Laughed, WE Lived a Great Day at the SADOA Summer Seminar!

like “Run” or “honey works better than vinegar”, I got some very important nuggets of knowledge. Mindy Warren’s advice was “save for the downturn”, as we all know that time will come. Larry Eudy’s nugget of knowledge was “make it add up to zero”. I think he meant figuratively and metaphorically. Cynthia McGill’s advice was “sweat the details”, because you can’t cut corners in this business. Julie Montgomery said to “ask as many questions as you can and strive to learn as much as possible” and Sally Holt’s advice was “read the entire document”. Pat Cantu’s advice was to “listen”. With these words of wisdom, I think any newbie analyst can become a shining star in their department. We were off for the summer but geared back up for our 2nd annual CDOA review on August 17-19. For more information regarding PBADOA, please visit our website at www.pbadoa.org. ………………………………… SOONER ASSOCIATION OF DIVISION ORDER ANALYSTS (SADOA) Association based in the Tulsa, OK Area

Stan and Michael, SADOA’s most and least O&G years, making new friends.

At our May luncheon, SADOA identified the analysts with the most and least O&G experience, meet Stan Pinney (43 yrs) and Michael Stefanatos (2 yrs). Stan, currently employed at Chesapeake, believes that we must treat our owners with the utmost respect, not knowing what level of knowledge they may possess. Stan says “In this industry we must all endeavor to persevere”. When he found the O&G industry, Michael found people who loved their jobs and credits SADOA for providing him a greater level of understanding. He says there is a lot to learn as he works at Associated Resources (ARI), but his knowledge is growing every day and he is anxious to assume a greater role in the industry as he lives his favorite quote: “It is ALL for the experience”. SADOA is ready for Institute! Congrats to Lecia Hite (Laredo), our lucky winner of the SADOA $1000 scholarship to attend the 2017 NADOA Institute. Also to Paula Staires (Cimarex), winner of a NADOA Tuition Scholarship. For more information regarding SADOA, please visit our website at www.oksadoa.org. …………………………………

The SADOA Summer Seminar was held in June and was a great educational experience for all who attended. The group enjoyed individual snack bags as we expanded our knowledge on Transfer on Death Deeds, Ethics, BIA leasing, Trusts, Litigation Developments and exciting new possibilities for reducing water from injection wells, thought to be related to a recent uptick in Oklahoma earthquakes. Thanks to all who attended and benefited from the great peer interaction and excellent speakers.

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