Land for Non-Landmen

This one day program provides non-Land personnel an insight into what Land does and is designed to facilitate communications between other parties, internal and external to the energy company and Land.

Who Should Attend:

· Accountants of E & P companies who interact with Land

· Anyone who works in A/P, Joint Interest or Revenue

· Engineers, Geologists and Technical folks who are affected by Land

· Administrators, Info Techs and HR personnel who work with Land

· Royalty Relations employees

· Royalty Owners

Prerequisites: None

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

· Understand the unique terminology of Land

· Understand what laws affect what Land does

· Understand the various clauses of a Lease

· Understand costs associated with Land and Leasing

· Understand Interest Types and Divisions of Interest

· Understand Legal Descriptions

· Understand Interactions among Land, other departments & 3rd parties

· Have better Communication with the Land department

· Have a better chance of passing the "Land" part of the APA exam

Key Topics:

• Laws that affect Land in Oil & Gas
• Clauses of a Lease
• Mineral Ownership
• Responsibilities and Duties of the Land Department
• Why everything in Land seems to Take so Long and Cost so Much
• Legal descriptions
• Lease negotiation

Interactive Exercises:

• Legal description
• Examining a lease
• Negotiating a lease
• Calculating a Distribution DOI

Professional Development Institute

University of North Texas

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 http://energy.pdi.org