ONLINE Petroleum Land Management Certificate Program ENROLL
Advance your career today!
Register to attend online Petroleum Land Management classes being offered through the Meinders School of Business at Oklahoma City University. Each course is comprehensive, convenient and valuable.
Oklahoma City University is the premier educational training center for those interested in a career or wish to enhance their career in petroleum land management. Each class being offered provides exceptional job-oriented training designed to broaden the job skills and increase the knowledge of everyone who attends.
Cost of Courses
The cost of each course is $525. Price includes all textbooks.
The Certification Program consists of 6 courses:
Introduction to Petroleum Land Management
This introductory class to petroleum land management takes a methodical approach in laying the foundational 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.
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 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.
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.
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.