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Course Description

 

The Professional Land Management Certificate Program is comprised of six courses covering many facets of the petroleum industry. All courses must be completed to receive a certificate and are all available both online and face-to-face. This rigorous curriculum consists of the following courses and topics.

 

Fundamentals

This class focuses on a methodical approach in laying the foundational principles for oil and gas land management. This course is offered face-to-face and online.

Major Topics Covered

  1. Careers in petroleum land industry
  2. Land is the basis of all wealth
  3. Mineral and royalty ownership
  4. The oil and gas lease
  5. Pooling, utilization, exploration and drilling a well
  6. Laws for oil and gas
  7. Legal descriptions

 

Property and Mineral Ownership

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. This course is offered face-to-face and online.

Major Topics Covered

  1. Types of owners and ownerships
  2. Statutory estates
  3. Rules surrounding mineral and royalty ownership and conveying property
  4. Types of conveyances, testate and intestate succession
  5. Types of title transfers from court actions
  6. Curing land titles
  7. Laws governing oil and gas ownership and development

 

Negotiating Skills and Techniques

An essential skill for landmen is negotiating. A landman must know how to prepare for successful negotiations, whether it’s a lease, a basic contract, or other legal documents. Success often requires having an understanding of not only industry-specific information, but also the application of different approaches and techniques in negotiations to enable one to achieve the best end result. Applicable laws and ethical considerations will also be discussed as a part of the negotiating process. This course is offered face-to-face and online.

Major Topics Covered

  1. Types of negotiations
  2. Strategic planning
  3. Communication and power
  4. Ethics and legal issues
  5. Multiple parties
  6. International negotiation

 

Basic Contracts and Agreements

The oil and gas industry uses a number of unique contractual arrangements to explore for, develop, produce, and market oil and gas. 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. This course is offered face-to-face and online.

Major Topics Covered

  1. Essence of Contracts
  2. Types of agreements-seismic, confidentiality, joint venture, letter agreements, area of mutual interest agreements, etc.
  3. Oil and gas lease
  4. Surface contracts
  5. The joint operating agreement
  6. Unit agreements and unit operating agreements
  7. Farmout

 

Petroleum Land Management Practices

This class focuses on the process of Petroleum Land Management. There are many steps that take place from start to finish. This class is designed to help the student understand the process and take each step in proper order. This course is offered face-to-face and online.

Major Topics Covered

  1. Trends and issues in United States
  2. Ethics for petroleum land professional
  3. Surface owners and surface agreements
  4. Acquisition of oil and gas lease negotiations and amendments
  5. Examining courthouse records
  6. Seismic study interpretation
  7. Curing land titles
  8. Regulatory commission work
  9. Well proposal

 

Calculating Oil and Gas Interests

An oil or gas well may produce millions of dollars in revenue and have scores of owners entitled to receive their portion of the revenue. 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 course is offered face-to-face and online.

Major Topics Covered

  1. Rules of conveyances
  2. RI, GWI and NRI
  3. Calculating burdens and interests
  4. Calculating federal and beneficial interest units
  5. Before and after payout calculations
  6. Oklahoma proportionate production calculations
  7. Calculating inflated interests

 

 

Page maintained by College of Business Web Specialist

Last updated or reviewed on 11/26/13

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