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ULM-WEB Understanding Landman Boot Camp: Virtual Classroom

This is an interactive course designed for Non-Landmen and individuals desiring to expand increase their Oil and Gas Landman knowledge.  It is suitable for petroleum industry new hires, revenue, joint interest, business professionals, investment advisors, analysts, exploration, transportation, regulators, government employees, and lawyers or anyone who interacts with the Land Department.

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ULM-WEB Understanding Landman Boot Camp: Virtual Classroom

Description

Topics Covered

  • Landman, Surveys and Leases
    • What is a Landman?
    • Minerals and Ownership
    • Land and Leasing
  • “Land” Departments and Division Orders
    • Landman
    • Division Orders
    • Lease Analysts
    • Your Relationship
  • Royalties and Interests
    • Royalty Interest
    • Working Interest
    • Net Revenue Interest
    • Overriding Interest
    • Carried Interest and Farm Out
  • Law of the Land
    • Conservation Laws
    • Common Laws

Course Objectives

Upon completion of the course, you will be able to:

  1. Recognize landman types and duties
  2. Recall the history of land and origin of the lease
  3. Recognize the functions and duties of a land department
  4. Recall the purpose and function of the Division Order
  5. Define and calculate interests and farm outs
  6. Recognize environmental laws that affect the landman
  7. Recall common laws and standards that affect the landman

 

 

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Additional information

Date / Location

June 27 – 28, 2022

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