Description
Course Content
This course covers the following topics:
- Introduction and Overview of Oil and Gas Landman Operations
- What is a Landman?
- Minerals and Ownership
- History of land and Leasing
- Terminology
- Land Departments in oil and Gas
- Landman
- Division Orders
- Lease Analysts
- Relationship
- Royalty and Working Interest
- Royalty defined and documents used
- Working Interest defined and documents used
- Net Revenue and Overriding Interest
- Overriding interest
- Working Interest
- Carried Interest and Farm-out
- Law of the Land
- Conservations Laws
- Common laws
Learning Objectives
Upon completion of this course, you will be able to:
- Describe the Land Department and landman operations
- Discuss laws affecting oil and gas leases
- Summarize how to obtain leases and types of leases
- Differentiate and discuss Land Department documents
- Evaluate ownership rights
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