Notice to Industry
A joint Confidentiality Agreement Committee of eleven members from CAPL (Canadian Association of Petroleum Landmen) and PADA (Petroleum Acquisitions and Divestments Association), having diverse roles and experience in oil and gas related land management, business development, legal and acquisition and divestiture activities, has been struck to develop a confidentiality agreement that will provide Industry with standardized terms and conditions applicable to a wide variety of oil and gas transactions.
The acceptance and use of a standardized confidentiality agreement by a broad range of Industry participants offers a more efficient and effective tool for expediting the disclosure of information and ensuring a consistent and comprehensive contractual arrangement exists to protect that data in every transaction. Parties would no longer need to fully review and negotiate the various forms of confidentiality agreements frequently seen in our everyday business transactions and which typically vary insignificantly from one to another with respect to the intended outcome. Industry’s full participation in the development of this industry-standard confidentiality agreement is critical to ensuring that we satisfy this objective.
The first draft of this form of agreement has been prepared by the Committee and is accessible under the “What’s New” section of CAPL website home page at http://www.landman.ca. It is comprised of two parts: i) the Confidentiality Head Agreement that allows for customization of the agreement, and ii) the Confidential Information Disclosure Procedure, which sets out the standardized industry terms and conditions similar to other CAPL industry standard documents such as the Joint Operating Procedure and Farmout and Royalty Procedure and which can be modified by identifying any changes to the Procedure in the appropriate schedule to the Confidentiality Head Agreement.
Industry is asked to review and provide comments related to this draft by October 31, 2014. All questions and comments are to be directed to the attention of Michelle Radomski, Confidentiality Agreement Committee Chairman, by email at mradomski@rangeroyalty.com.
While any and all feedback on this draft is encouraged and welcome, please respect that it would be most beneficial to restrict comments to material content disparities for the intended broader application of this document. Preferential wording changes that would not otherwise impact the overall intent, meaning, interpretation or application would not be useful in the context of a standardized industry document and, once finalized, further customization can subsequently be accomplished in the body or schedules of the head agreement.
It is the intent of the Committee that all initial comments will be reviewed and a second draft incorporating any pertinent comments offered to Industry for further review by December 15, 2014.
Michelle Radomski, Vice President Land, Range Royalty Management Ltd.
Committee Chairman
Committee Members:
Brian Bidyk, Davis LLP
Darryl Derouin, President, CB Securities Inc.
Derek Lynn, Manager, Divestments, Enerplus
Donald Mortimer, VP Business Development, Tuzo Energy Corporation
Heather Isidoro, Manager of Business Development, Pine Cliff Energy Ltd.
Kim Urban, Vice President, A&D and Joint Ventures, Harvest Operations Corp.
Leslie Kende, Managing Director – A&D, AltaCorp Capital Inc.
Margaret Ariss, Land Manager, Black Pearl Resources Inc.
Mike Belenkie, Modern Resources
Tim Blair, Vice President Land, Bellatrix Exploration Ltd.
