New Committee Created for Young Energy Professionals!

The Institute for Energy Law (IEL) values the involvement of its younger members and wants to encourage more to join and participate. The IEL recently created the Young Energy Professionals (YEP) Committee, which has a seat on IEL's Executive Committee.David Sweeney with Bracewell & Giuliani is the YEP Committee Chair and Patrick Dunn, Sr. Counsel with ZaZa Energy, LLC, is Vice Chair. "Young" energy professionals are attorneys, landmen, engineers and other industry participants who are under the age of 40.

The YEP Committee is currently planning programs and events and would appreciate your input. Activities being considered are happy hours, sporting events, wine-tastings, dinners and a mentoring program. We're also looking to co-host events with other area organizations.

If you're interested in becoming involved with the YEP Committee and IEL, please contact David or Patrick.

If you are not already a a member of IEL, join today!

	Committee Chair: David Sweeney david.sweeney@bgllp.com (713) 221-1288
	Committee Vice Chair: Patrick Dunn patrick.dunn@zazaenergy.com (713) 595-1915

Rocks, Dollars and Deals - The "Netherland Sewell School"
Comes to Houston
May 3, 2012

Whether you are in land, finance, business development, or legal, this seminar has something for you. Co-sponsored by The Institute for Energy Law's Young Energy Professionals Committee and the AIPN's Young Negotiators, but open to all ages, the event will be held in Houston and will last one day, to be followed by a networking reception.

Each year, Netherland, Sewell & Associates, Inc. (NSAI) conducts highly-regarded Oil & Gas Property Evaluation Seminars for non-technical professionals in Dallas, Texas and London, England. For the first time, this renowned seminar will be offered in Houston and will be focused on helping lawyers, negotiators and other dealmakers understand the basics of reserve evaluation, how these evaluations are used to price projects, and how both of these are reflected in the terms of transactions.

Topics Include:

• Understanding the process for determining what is in the ground (including primers on basic reservoir properties, geology, petrophysics, seismic and other data, reserve calculation, probabilistic reserves, and reserve simulation),
• Project and economic modeling (including cost assumptions and examples, product pricing and market- and country-specific effects), and
• Discussing transaction terms with respected negotiators.

We look forward to seeing you at the event.

4th Annual YEP General Counsel Forum
December 1, 2011
Alden Hotel
Houston, Texas

This popular evening event, now in its fourth year, is of great interest to in-house counsel who want to hear more about the careers of some of the most senior lawyers in industry, and to attorneys in private practice who want to improve their ability to address the needs of their clients as effectively as possible. The evening will begin with a reception, followed by a panel discussion, after which each General Counsel will join a smaller group of young attorneys for dinner and a more intimate conversation.

The YEP Committee gratefully acknowledge our event sponsors

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IEL's Young Energy Professionals and AIPN Young Negotiators Breakfast Speaker Series: "Farmouts and Other Entry Points"

On June 15, the YEP Committee held another of its joint breakfasts with AIPN Young Negotiators at which Marie Wagner, Senior Counsel with Anadarko Petroleum Corporation, discussed farmouts, letters of intent, joint study and bidding agreements, and related topics.  The event was one of the most successful breakfasts, with over sixty total registrants, an excellent presentation, and informative materials.  Many thanks to Marie for agreeing to talk to our young professionals and making the drive down from the Woodlands and to our sponsors, Tim West and Vinson & Elkins for hosting us and providing breakfast.