The Oil and Gas Landman Series provides you with a window of opportunity to see that all of the subjects discussed in each book, while vital in themselves, relate to and intertwine with each other, thus giving your skill level and understanding the ability to be much higher and reached much faster, which can instantly put you years ahead of your competition.
Guide to Understanding Held By Production Critical Issues
The second essential book in the OIL AND GAS LANDMAN SERIES is now available from the Petroleum Landman School Book store.. This 91 page book covers critical information that every field landman should know. Included are topics from Oil and Gas Commission Research, How a Unit is Formed, Farmout Agreements, Pugh Clause, Questions To Ask When Working In a New State and much more.
Why this book
The Guide to Understanding Held By Production Critical Issues can help the field landman to expand their skill sets, thus giving them a knowledgeable advantage in dealing with various related matters, common issues, rules and doctrines, and leasehold and well interests.
In order to be able successful in determining what part of the lease and what formations are actually “Held By Production” you need to understand certain clauses and meanings in the oil and gas lease along with certain state statutes regarding spacing units and pooling procedures and how both relate to each other. In addition, you need to know how the state you are working in views certain issues regarding wells that have not produced in a while and how you find information regarding them.
For example: Do you know the law regarding cessation of production vs. a well classified as an ‘idle well’ and how the state you are working in recognizes both? In addition, do you know where to find out if the well is under the cessation of production provision of the oil and gas lease or if it is an ‘orphan well’? Or, do you understand the difference of integrated unitization and poolings and what lands are affected by both?
These topics and other critical issues are discussed in this book.
The Complete Oil and Gas Lease Agent Guide
The first book in the dynamic OIL AND GAS LANDMAN SERIES. In the oil and gas industry the tiny details can make or break you. This 150 page book covers vital information that every landman needs to be successful. From a basic understanding to complex executed leases this book demonstrates the important aspects of the oil and gas lease and the agent's responsibilities.
Why this book
As a ‘lease agent’ you should know how the smallest of word changes in a lease could affect you, the Lessee, and the Lessor and change the entire meaning of the lease. The “Complete Oil and Gas Lease Agent Guide” deals with just some of the following questions and other critical issues that will “make or break” a lease and you as a lease agent.
Do you know, for example?
What wording in the lease could cause the Lessor the inability to lease minerals, which are subject to a depth clause (that are in effect and the lease is past the ‘primary term’) when the lease has a ‘pooling’ clause?
Can you explain what type of lease, if any, may prevent “termination” or “forfeiture” of it from happening even if: 1) the well is producing but the royalties have not been paid in several years, or 2) in the case of a shut-in ‘gas’ well, the shut-in royalty payments have not been paid in several years (or do you think that this is even possible)?
Do you have a complete lease “check list”?
When do the words ‘more or less’ in the legal description make it inaccurate?
How can inserting the term ‘market value’ in the royalty clause place your client at risk?
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