:: Training Courses
Land Management: Essential Concepts for PLM
1.4 CEUs
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This course provides a broad overview of the most-needed information related to petroleum land management with significant time focused on oil and gas leases, other types of oil and gas contracts, and understanding critical petroleum land title problems and solutions. Specific topics include types of land ownership, severance of minerals, land descriptions, and determination of mineral ownership, including undivided interests, the rule of capture, and the role of the recording system. Students learn how leases are acquired and how to evaluate lease provisions. A brief review of pooling and unitization and the role of state and federal regulatory agencies is provided. Other topics include how to calculate royalties, overriding royalties, working interests, net revenue interests, and the importance of lease administration. Reviews include the concept of the due diligence process used when buying and selling mineral interests, critical problems for titles, curative measures for those problems, and title opinions. Finally, key oil and gas contracts are discussed for fundamental elements and critical details concerning farmouts, support agreements, and joint operating agreements (JOAs). Internet tools and ethics in the oil and gas industry are also discussed. Cases and practical exercises are included.
Length: 2 days
Dates
Cost: $575.00 ($525.00 in Houston)
