Oct 26, 2021  
2018-2019 Catalog 
    
2018-2019 Catalog [ARCHIVED CATALOG]

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BGEN 433 - Oil & Gas Land Management Practices

3 credits (Hrs. 3 Lec)
Petroleum land management begins in a courthouse where an examination of mineral ownership takes place.  It then moves to the next stage - the acquisition of oil and gas leases.  From there, state regulatory commissions, other oil and gas companies, the Bureau of Land Management and/or surface owners become involved in the process.  The formation of a unit is created, a title opinion is rendered, title curative must be done, and the well is drilled and hopefully competed as producing in commercial quantities.  Finally, proper payment of revenue must be made to all parties that are entitled to receive such payments.  From start to finish, many steps must take place. This class is designed to help the student understand the process and take each step in proper order.

Prerequisite(s): Junior standing



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