Public Lands and Mining, or Water Law, or Environmental Law, or permission of the instructor.
This course will provide interested students with an overview of oil and gas statutes, regulations, and case law, as well as an overview of typical transactions involving oil and gas, such as oil and gas leases, royalty agreements, etc. The course will focus on the legal rules that govern the development of privately owned mineral rights, which often also apply to governmentally owned resources. A basic outline of the course follows:
1. Basic overview of oil and gas geology, oil and gas refining and marketing
2. Rule of capture and correlative rights
3. How an oil and gas lease works
4. Implied covenants
5. Concurrent ownership and severed minerals
6. Contracts and business considerations
7. Overview of oil and gas taxation
8. Overview of oil and gas leasing on federal lands
PLEASE NOTE: This class will meet on the following Saturday mornings:
Saturday, January 22, 2011: 10:00 a.m. to 10:45 a.m. (class 1, intro meeting and assignments)
Saturday, January 29, 2011: 9:00 a.m. to 11:30 a.m. (class 2, technical overview)
Saturday, February 5, 2011: no class
Saturday, February 12, 2011: 9:00 a.m. to 11:30 a.m. (class 3, ownership)
Saturday, February 19, 2011: 9:00 a.m. to 11:30 a.m. (class 4, the oil and gas lease)
Saturday February 26. 2011: 9:00 a.m. to 11:30 a.m. (class 5, implied covenants and transfers)
Saturday, March 5, 2007: 9:00 a.m. to 11:30 a.m. (class 6, business considerations and federal land issues)
John S. Lowe, Oil and Gas in a Nutshell, 5th ed.
This course will be offered over a series of Saturday mornings, and will involve primarily lecture with some student discussion. This course is for students with a serious interest in natural resources law.
|Type of Exam||
To be determined
|Basis for grading||
Class attendance and participation is required. This class is designed for students who know they are interested in some area of natural resources law and have confirmed their interest by having studied in one of the areas of law described in the prerequisites.