Open AccessThe 2007 CAPL Operating Procedure
Author(s) -
Craig Spurn,
Jana Prete,
Melissa Zerebeski
Publication year - 2009
Publication title -
alberta law review
Language(s) - English
Resource type - Journals
eISSN - 1925-8356
pISSN - 0002-4821
DOI - 10.29173/alr233
Subject(s) - key (lock) , norm (philosophy) , economics , computer science , operations research , risk analysis (engineering) , business , law and economics , industrial organization , law , political science , computer security , engineering
This article provides an introduction and overview of the 2007 Canadian Association of Petroleum Landmen Operating Procedure and a detailed analysis of certain key provisions and changes made. The article notes that the 2007 Procedure is responsive to significant developments in the Canadian oil and gas industry and constitutes a major update of the Procedure, including in its emphasis on a “norm-based” approach rather than a “standard form” approach and articulating the need for, and cost of, deviating from the provisions of the model form.