Tuesday, February 12 2019
AAPL Structuring a Deal: Negotiation Strategy and Technique Seminar
Format:
Workshop
Location:
George R. Brown Convention Center
1001 Avenida De Las Americas Houston, TX 77010-6035
Date:
February 12, 2019
Time:
8:00 AM - 3:00 PM
Credits:
6.00 CEU
Speaker:
More information can be found here.
The Structuring A Deal: Negotiation Strategy and Technique Seminar is designed for land professionals involved in negotiating deals and contracts in the oil and gas industry. This includes negotiations for oil and gas leases, surface agreements, rights-of-way, mineral acquisitions, farm-ins, trades, AMIs, assignments (producing and non-producing), and mergers and acquisitions.
Learn steps to prepare for effective negotiating, how to move through blocks and barriers in communication, overcoming issues that may arise, staying on target and getting more deals signed. The course includes countertactics, knowledge and tools that are easy to use and implement.
Your instructor, Marita G. Morris, CPL, has over 32 years of experience as a land professional and has been actively negotiating for most of her career. Marita’s training and experience delivers real-life situations, winning tactics for powerful negotiating, and insights into negotiating in the oil and gas industry.
SEMINAR AGENDA
7:30 am – 8:00 am Registration
8:00 am – 12:05 pm Morning Session
Introduction to Course Curriculum
Lecture – Assessment and Plan Development for a Negotiation
- Develop Your Vision for the Deal
- What is Your Planned Outcome
- What Do You Need to Know to Develop the Desired Deal Terms
- What are Your Boundaries and Authorities
- Why You Must Develop the Terms for Your Best Deal
- Why You Must Identify Your Walk Away Terms – Know your BATNA
- Why You Should Identify the Other Party’s Walk Away Terms
Break – 10 minutes
Group Exercise #1
Lecture – Setting the Tone for Your Negotiation
- When, Where and How
- The Power of Civility
- The Power of Integrity and Trust
- The Power of Pacing, Timing, and Breaks
- When Should You Make the First Offer
- Examples and Stories of Negotiations
- The Seven Elements of Negotiation
Break – 10 minutes
Lecture – The First Steps in the Negotiation Process
- How to Learn the Counterparty’s Perspective of Deal Success
- How to Determine Who Owns the Decision for the Counterparty
- Is Their Perspective Consistent With Your Planning Assumptions about Them
- Do You Now Know How to Satisfy the Common Goals
- Do You Need to take a Break to Adjust Your Planning Based on What You Now Know
- The Quick Prep Spreadsheet to Prepare for a Negotiations in a Hurry
- The Full Negotiations Preparation Worksheet
12:05 pm – 12:55 pm Lunch
Breakout Exercise #2
Lecture – Other Negotiation Considerations
- How to Defuse Emotional Negotiations/Negotiators
- Joint Problem-Solving
- Barriers to Cooperation
- Breaking Through Tough Blocks in Negotiations
- What to Do if the Other Party is Not Bargaining in Good Faith
- What to Do if You are at an Impasse – When Do You Walk Away
Break – 15 minutes
Lecture – What Makes a Good Deal and Contract
- All Important Terms, Financials, Roles, and Obligations are Included
- The Agreement is Organized and Easily Administered
- The Parties Are Willing to Do Another Deal Together
Lecture – Negotiations by Email or Text Message
- Should You Negotiate by Email or Text Message
- What are the Risks
- Are There any Benefits
Lecture – Personal Negotiation Styles
- Is it Important to Know Our Personal Negotiating Style
- What Can We Do with This Information
- Steps to Improving Your Negotiation Skills
- How to Negotiate when the Opposing Side is More Powerful – Understanding the Power in the Room
3:00 pm Course Concludes