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:
- Recognize landman types and duties
- Recall the history of land and origin of the lease
- Recognize the functions and duties of a land department
- Recall the purpose and function of the Division Order
- Define and calculate interests and farm outs
- Recognize environmental laws that affect the landman
- Recall common laws and standards that affect the landman
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