Gain an understanding of the basic provisions of current lease forms used in the oil and gas industry.
This foundation level topic examines the meaning and intent of basic lease terms and concepts. This material will examine provisions traditionally found in an oil and gas lease and review how those provisions are evolving to meet the challenges of recent shale development. It will also help you correlate noteworthy events on a leased tract with applicable terms and provisions in the controlling lease and to reinforce essential lease-related skills.
The oil and gas lease is the most important contract in the energy industry. This material begins by exploring the nature of mineral ownership and the creation of oil and gas leasehold interests; and then presents an analysis of the basic clauses of the oil and gas lease and discussing the interaction of those clauses. The material concludes with a discussion of current developments in oil and gas leasing. Gain a fundamental understanding of the nature, structure, and issues related to the modern oil and gas lease.
More Program Information
