Price$325
To take this class as part of a University PLM Program click here.
To take this class as part of a Job Related Program click here.
This practical course provides a solid understanding of the common provisions and legal significance of an oil and gas lease. It will help land management and land administration personnel manage the company’s oil and gas lease assets. Students will better understand Termination vs. Savings clauses and will be able to evaluate alternative wording and the implications of striking or modifying lease language. This class is designed to offer specialized instruction for the landman, land technician, lease or title analyst as they deal with particular leases and lease related issues.
Major Topics Covered
- The Early Day fo the Oil and Gas Lease
- The Granting Portion of the Oil and Gas Lease
- The Habendum Clause of the Oil and Gas Lease
- The Royalty Clause
- The Termination Clause of the Lease
- Implied Covenants
- The Pooling Clause of the Lease
- Miscellaneous Clauses of the Lease
- Federal Oil and Gas Leases
