Professional Land Management Certificate
The Professional Land Management Program is for those persons desiring to pursue a career in Petroleum Land related activities. The program is designed for landmen, lease and title analysts, attorneys, and others involved in supporting exploration and development activities. The curriculum consists of six courses which will provide our graduates with the skills necessary to augment their career in land management. Each course will provide 24 hours of in class instruction with an 80% attendance requirement for course Certificate. Upon successful completion of the six course program a The Professional Land Management Certificate will be awarded. The courses within this certificate program can be used for continuing education credits for the American Association of Petroleum Landmen recertification.
This program was developed in response to inquiries regarding developmental courses for persons involved in the petroleum industry but lacking formal training in land management skills. The program attempts to bridge the education gap for those persons wanting exposure to University quality instruction on a condensed basis without the pressure of exams.
The PLM faculty is composed of known experts in their field and they are either current UHD faculty members or industry professionals with several years of experience in their specialty working with Petroleum Education Workshops.
To receive the Professional Land Management Certificate, the following six courses must be completed:
- Introduction to Petroleum Land Management
This introductory class to petroleum land management takes a methodical approach in laying the foundational principles for oil and gas land management. Topics include: a general introduction to the oil and gas lease, mineral and royalty ownership, calculating net mineral interests; gross working interests (GWI), net revenue interests (NRI), royalty interests (RI), overriding royalty interests (ORRI), and unit calculations; mineral, surface, and royalty rights; rules for transferring title; legal descriptions; farmouts; pooling, unleased owners; and non-consent/payout issues.
- Property and Mineral Ownership for Petroleum Land Management
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.
- Negotiating Skills and Techniques
How to prepare for successful negotiations including the application of different approaches to negotiations with emphasis on ethics.
- Petroleum Land Management Practices
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. From there, state regulatory commissions, other oil and gas companies, the Bureau of Land Management and/or surface owners become involved in the process. 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.
- Basic Contracts and Agreements used in Petroleum Land Management
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.
- Calculating Oil & Gas Interests
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. Students will learn how to tell each owner’s story with numbers and have a fuller understanding of the rules related to title conveyances, burdens, net revenue interests, overriding royalty interests, farmouts, payouts, and non-consenting interests.
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Last updated or reviewed on 8/29/11