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LANDMAN 101 - Course Outline

"Landman 101" is a seminar introducing the novice to the principals and processes of land, mineral, and royalty ownership, title search and oil and gas leasing - including preparation of leases, drafts, reports, and supporting documents. There will be a discussion of what happens to the lease from being signed by the Lessor until division orders are mailed. Also addressed, will be professional business conduct and practical information for working on the road and as an independent contractor.

1. Introduction - Why am I here?
   1. Overview of the role of the Field Landman
2. Land and Mineral Ownership
   1. Patents
   2. Land Descriptions and Measurements
   3. Types of Ownership
   4. Mineral Ownership
   5. Simple calculations of Mineral and Royalty Interests
   6. Types of Conveyance and Transfer of Ownership
   7. Probate, Administration and Intestate Succession
   8. Discussion of Minerals vs. Royalty
3. The Oil, Gas & Mineral Lease
   1. The Producer's 88 (7/69)
   2. Basic Lease Terms and Provisions
   3. Paid-Up vs. Rental
   4. Common Addenda
   5. Options to Extend Lease Term
4. Leasehold Interests, An Overview
   1. Units and Pooled Tracts
   2. HBP Lands
   3. Assignments
   4. ORR's
   5. Simple Computations of Interest (Handout)
5. "Buy a Lease on this Tract"
   1. Title Search
   2. Making Your Title Notes
   3. Chaining Title
   4. Mineral Ownership Reports
   5. Acquiring the Lease
6. The Lease Package and Supporting Documents
   1. Preparing the Lease
   2. Execution of the Lease
   3. The Lease Package
   4. The Lease Purchase Report
7. "The Journey", From Lease to Division Order - An Overview
8. Business Professionalism and Ethics
   1. Your relationship with other land professionals
   2. Workplace Courtesy
   3. AAPL
   4. Benefits of your local Landman's Association
   5. How to get and keep a job
   6. What to ask your Broker
   7. Invoicing
   8. Networking
9. The "Road Warrior", a Survival Guide
   1. Tools of the Trade
   2. Dressing for the Job
   3. Keep good records, for both clients and yourself
   4. Save for a "rainy day"
   5. Self-Employed = No Company Benefits
   6. "You and the IRS"