Oil and Gas Law

$99.00

This course will cover the many different legal principles that guide the development of oil, gas and other minerals in the U.S.. Unlike other countries, the U.S. is unique in that it allows for private ownership of minerals. Rather than negotiating with the government to procure leasing rights, negotiations are with the owners of the land and the mineral interests. Thus, the law establishes parameters around the rights of these private citizens through general principles of law and legal doctrines. Some of the most important doctrines covered in this course are the Ad Coelum Doctrine, the Rule of Capture or ROC, the Doctrine of Correlative Rights, the dominant mineral estate and the accommodation doctrine.

Finally, the course concludes with the Implied Covenants of the Oil & Gas Lease which imposes duties on the lessee that are inferred in the oil and gas lease even though there is no specific provision spelling out these duties within the document itself – a potential trap for the unwary.

Who should take this course:

Landmen, attorneys, geologists, land owners, division order analysts, lease and title analysts, lease records clerks, land techs, people involved in exploration and development activities and anyone who wants to further their knowledge in the field of energy management.

Category:

Description

Course Objective

Upon the successful completion of this course, you will have a solid foundation in the many laws and legal doctrines that specifically impact the day to day work of oil and gas development in the U.S.

Knowledge of the law will also help you to avoid traps for the unwary and minimize the risk of litigation to you and your company, especially when it comes the application of such legal doctrines as the Rule of Capture and its counterpart, Correlative Rights and the Dominant Mineral Estate and its counterpart, the Accommodation Doctrine. Perhaps most importantly, the course introduces the obligations that oil and gas companies bear that are not otherwise stated. These obligations are the “Implied Covenants” in an oil and gas lease, including the reasonable, prudent operator standard.

Course Length:

1hr video

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