Petroleum Land Management
The Meinders School of Business is a leader in preparing energy professionals for career advancement in the energy industry.
The Meinders School of Business is recognized as being one of the best business schools in the world. Through our Executive & Professional Education Center and a partnership with Petroleum Education Workshops, we provide an opportunity for energy professionals to master the necessary information to advance their career.
- The Certification Program consists of six courses.
- All classes begin on the first day of the month.
- The classes may be taken in any order.
- Students may take two classes at one time.
COST: $525 per class which includes required textbook.
Introduction to Petroleum Land Management
Introduction to Petroleum Land Management class takes a methodical approach to the fundamental principles for oil and gas land management. Topics include: a general introduction to the oil and gas lease, mineral and royalty ownership, calculating net mineral interests; gross working interests (GWI), net revenue interests (NRI), royalty interests (RI), overriding royalty interests (ORRI), and unit calculations; mineral, surface, and royalty rights; rules for transferring title; legal descriptions; farmouts; pooling, unleased owners; and non-consent/payout issues.
Property & Mineral Ownership for Petroleum Land Management
Understanding property and mineral ownership and the transferring of title is critical for all those working in petroleum land management. This course takes an in-depth and thorough look at the subject, studying land and mineral ownership in the United States, differing types of property ownership, the rules surrounding mineral and royalty ownership, the rules for conveying property, varying types of conveyances, testate and intestate succession, the many types of title transfers that result from court actions, curing land titles and the laws governing oil and gas ownership and development.
Petroleum Land Management Practices
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.
Basic Contracts & Agreements used in Petroleum Land Management
The oil and gas industry uses a number of unique contractual arrangements to explore for, develop, produce, and market oil and gas. This course includes a good overview of key clauses of the oil and gas lease and examines the laws governing farmouts, operating agreements, unit operating agreements, joint venture agreements, area of mutual interest agreements, seismic agreements, pooling and unitization agreements. This interactive course not only takes a detailed look at these contracts but allow the students an opportunity to negotiate and draft several of the contracts that are vital to the industry.
Calculating Oil & Gas Interests
A producing oil or gas well may produce millions of dollars in revenue and have scores of owners who are entitled to receive their portion of the revenue from production. Understanding the principles of calculating these oil and gas interests is a vital component for the land management professional. Each calculation may be tied to key clauses in the oil and gas lease or language associated with other agreements. This is more than a math class. Students will learn how to tell each owner’s story with numbers and have a fuller understanding of the rules related to title conveyances, burdens, net revenue interests, overriding royalty interests, farmouts, payouts, and non-consenting interests.
Negotiating Skills & Techniques
Nobody is born a great negotiator. Great negotiators learn their craft. It is not a gift. A gift is something given to a person at birth. A skill is different. A skill is obtained through study, exercise and practice. The purpose of this study is to simply place into the hands of every student a handful of practical negotiating tools that, if mastered, can help them negotiate through the issues of life.
Adjunct Faculty - Petroleum Land Management
Keynote speaker, Adjunct Professor at Oklahoma City University and North Dakota College. CEO/Instructor with Petroleum Education. Chief Executive Officer for Leadstrong360, a leadership training and consulting company, Owner of S&R Properties LLC., a property acquisition and management company. Seth has accomplished many things over his career. Among those is the founding of a multi-million dollar service and supply company; successfully initiated and negotiated contracts on behalf of major companies; successfully trained thousands of students including land administration professionals, provided business consulting to small businesses and startup companies; designed highly profitable programs through marketing, training and partner relationships and guided leadership teams for multiple non-profit organizations.
WHAT OTHERS ARE SAYING
"I completed the online Petroleum Land Management Certificate program at Oklahoma City University. The course met all the objectives that I set for my professional development. The curriculum covered a spectrum of topics to prepare me with a broad knowledge base and skill set for a career in petroleum land management. The program was taught by Seth Williams who did an outstanding job of providing thought provoking discussions, assignments & feedback. I walked away from the program with a great deal of confidence and satisfaction!"
-Barry Iio CPA, CIA, CISA
"For anyone wanting to pursue a career in the Oil & Gas industry, an excellent way to accomplish this goal is to complete the Petroleum Land Management program. Recently, after working for the Federal government for almost 9 years, I decided to change careers. There were several reasons why the Land Management caught my attention. The decision was made to educate myself, network with others in the business, and ask the Instructors as many questions as possible. I found the course material and the instructors for the program as paramount to my successful experience with the Petroleum Land Management program.Seth confirmed he is a phenomenal asset to the program by several characteristics demonstrated repetitively throughout their instructing."