Land and the Law in Upstream Oil & Gas – for Non-Landmen

What are the practices and laws of real and personal property and how they affect us in the oil & gas business. Upstream oil and gas begins with obtaining the right to extract valuable minerals from the ground. Whether from the point of view of the royalty owner or the working interest owner, a thorough understanding of the rules, practices and laws is critical to the difference between making and losing money.

Who Should Attend:

Employees new to Upstream oil & gas. Employees who need to interact in any way with the Land department, royalty owners. Employees performing legal work in oil and gas

Prerequisites: None

Upon Completion of this Program, Participants will be Able to:

• Understand what the Land department does, why it takes so long and costs so much

• Understand the laws that affect the land and the minerals beneath it

• Understand the issues that affect royalty and mineral owners

• Understand the effect of land on accounting

• Identify and understand the purpose of the various documents used

Key Topics and Objectives:

Unique Terminology

History, Rights and Conveyances

Different Types of Leases

The Parts of a Lease

Land Department Responsibilities

Land Documents

Ownership Issues

Quality programs – offered on-site and adapted for your company. Contact Jim Hoffman at 214.763.9644 or via email at jhoffman@pdi.org. Visit us online at www.pdi.org