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Fall 2008 - Oil and Gas

Smith, Ernest E

Course ID: 390  Unique # 29105  Credit Hours: 3
Meeting DaysTimesLocation
   Monday 12:30 pm - 1:20 pm TNH 2.139
   Tuesday 12:30 pm - 1:20 pm TNH 2.139
   Wednesday 12:30 pm - 1:20 pm TNH 2.139
Exam Type   Date   Time      Name Range   Room  
  Final Thursday, December 18    8:30 am          A-K
Registration Information
This course is restricted to upper division students only.

This course includes a study of various kinds of property interests that are commonly created in oil and gas and the land from which they are produced.  Included are concepts as to the nature of a landowner's interest in oil and gas; the creation and duration of mineral leases; the rights and duties between lessor and lessee; the nature and characteristics of a mineral fee; the rights and duties between mineral and surface owners; the different kinds of royalty and mineral interests; the protection of interests in oil and gas properties against trespassers and wrongful claimants, and agreements between oil companies, such as farmouts and operating agreements.  State regulation of drilling and production, and federal environmental regulation will also be covered.

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