Introduction to Petroleum Land Management class takes a methodical approach to the fundamental principles for oil and gas land management. Download Syllabus. Understanding property and mineral ownership and the transferring of title is critical for all those working in petroleum land management.
This course takes an in-depth and thorough look at the subject, studying land and mineral ownership in the United States, differing types of property ownership, the rules surrounding mineral and royalty ownership, the rules for conveying property, varying types of conveyances, testate and intestate succession, the many types of title transfers that result from court actions, curing land titles and the laws governing oil and gas ownership and development.
Petroleum land management begins in a courthouse where an examination of mineral ownership takes place. It then moves to the next stage — the acquisition of oil and gas leases. The formation of a unit is created, a title opinion is rendered, title curative must be done, and the well is drilled and hopefully competed as producing in commercial quantities.
Finally, proper payment of revenue must be made to all parties that are entitled to receive such payments. From start to finish, many steps must take place. This class is designed to help the student understand the process and take each step in proper order. The oil and gas industry uses a number of unique contractual arrangements to explore for, develop, produce, and market oil and gas.
This course includes a good overview of key clauses of the oil and gas lease and examines the laws governing farmouts, operating agreements, unit operating agreements, joint venture agreements, area of mutual interest agreements, seismic agreements, pooling and unitization agreements.
This interactive course not only takes a detailed look at these contracts but allow the students an opportunity to negotiate and draft several of the contracts that are vital to the industry. A producing oil or gas well may produce millions of dollars in revenue and have scores of owners who are entitled to receive their portion of the revenue from production. Understanding the principles of calculating these oil and gas interests is a vital component for the land management professional.
Each calculation may be tied to key clauses in the oil and gas lease or language associated with other agreements. This is more than a math class. Alyce is recognized and sought-after expert and instructor on topics related to land management. This a six-module course with each module being about month in length. Each course is estimated to take about 12 hours each including webinars, lectures, videos, field trips, class projects and assignments.
The modules are designed to mirror the steps a landman takes to secure a lease and develop properties:. The modules are designed to mirror the steps a landman takes to secure a lease and develop properties: In Module 1 , we cover the foundation of land work including the process of securing a lease, real property law, probate law, Louisiana law and an industry overview. In Module 2 , we cover how to determine mineral ownership through a check of the county records.
Wait, I can have a minor? How can I study abroad? Scholarships Supporting our Energy Management students is a priority. What has our Energy Management Program achieved recently? What kind of career could I pursue? How much will I make? Internships Our students have excellent opportunities to gain work experience via internships with energy companies, including 59 students in 12 different cities in alone, and nearly internships accepted in just the past two years.
What have our OU graduates done with their Energy Management degrees, and who hires them? There are many energy executives and business leaders who are graduates of the program. Also, there are many who have started and manage their own companies. Program Accreditation. Admissions Social Links.
0コメント