Petroleum land management begins in the hearts and minds of a good geologist. It then moves to a courthouse for the examination of title ownership; from there to the acquisition of an oil and gas lease. Next, to the state regulatory commission or perhaps to the Bureau of Land Management. Next, to the surface owners. A title opinion is rendered, title curative is done, the well is drilled and proper payment of revenue is made. From start to finish, many steps must take place. This class is designed to help the student understand the process of each step along the way.

Major Topics Covered:

1. Seismic Interpretation and its importance

2.  Title Search and its importance

3. Lease Acquisition and its importance

4. Curing Title and Lease Maintenance and their importance

5. Commission Work, Permits, Surface Agreements and their importance

6. Well Proposals, AFE’s, and JOA’s and their importance