Chapters

1. The Early Days of the Oil and Gas Industry
2. The Granting Portion of the Oil and Gas Lease
3. Describing the Lands on the Lease
4. The Habendum Clause also known as The Term Clause
5. The Royalty Clause
6. The Termination Clauses of The Lease:The Delay Rental Clause
7. The Termination Clauses of The Lease:The Cessation of Production Clause
8. The Termination Clauses of The Lease:The Shut-in Royalty Clause
9. The Termination Clauses of The Lease: Implied Covenants
10. The Pooling Clause of The Lease
11. The Proportionate Reduction, Damage, Assignment,Surrender, Warranty, and Force Majeure Clauses
12. Surface Rights
13. Federal Lands and Federal Oil and Gas Leases

Course Description:

Finally, there is a practical course that can help land and land administration personnel manage the company’s oil and gas lease assets. This class is designed to offer specialized instruction for the landman, land tech., lease or title analyst as they deal with particular lease and lease related issues. Besides studying lease obligations and clauses, participants will also be involved in studying right-of-ways and surface agreements, legal descriptions including metes and bounds, calculations, federal leases, regulations and unique laws for several states.

Textbook:

A textbook entitled A Comprehensive Study on the Oil and Gas Lease, Lease Obligations and Lease Clauses is provided to each participant.  This textbook corresponds with each of the on-line lessons.  Both textbook and on-line lessons are filled with graphs, illustrations and visual helps.

Quizzes:

Multiple choice questions are offered at the conclusion of each chapter and a final quiz is offered at the conclusion of the course.  These are graded on a pass/fail basis.  Since participants are required to pass each chapter quiz before they can proceed to the next lesson, they are encouraged to use the information found in the on-line chapter or the corresponding textbook to help achieve a passing status.  Participants can re-take each quiz until a passing status is achieved.

Certificate of Achievement:

Every participant successfully completing the course by passing each of the chapter quizzes and the exam at the end of the course will receive a Certificate of Achievement.