Oil, Gas and Mineral Rights
Welcome to LawShelf’s video course on Oil, Gas and Mineral Rights. This course focuses on the ownership, exploration and accessing of subterranean resources.
This is an intermediate level course, as it builds on principles of real property law. Nevertheless, it can be taken and understood by someone without a background in property law.
The first module looks at the development of oil, gas and mineral law and looks at common law rules that affect the subject including the rule of capture and the doctrine of correlative rights. We will also look at the roles of state conservation and land use regulations. Finally, the module discusses basic property ownership principles of subsurface rights and causes of action available to owners of these resources.
The second module looks at the various rights held by the landowners and discusses how these can be transferred. We will look at mineral deeds, mineral leases and mineral states that can be created through dormant mineral statutes.
In module three, we will turn to mineral rights leases, including the natures of these arrangements and the ways in which they are conveyed. We will discuss the most common forms of natural resource leases and various state rules that limit what leases can convey. We will also discuss many common contractual provisions that frequent these leases.
In the fourth module, we will turn to other types of mineral contracts and transactions, including express and implied rights in mineral granting clauses, delay-rental terms and royalties. We will also focus on mineral lease negotiations.
Module five wraps up the course with a discussion of resource extraction from public lands. This includes the federal land use policy under various pieces of federal legislation, the discussion of the administrative agencies that regulate resource extraction and permits to extract resources from public lands.
This course will supply you with an in-depth understanding of the unique applications of property law to natural resources and the unique issues faced by owners, buyers and leasors of land that has the potential to extract oil, gas and mineral resources.
Best of luck and we welcome your feedback!
What is a video-course?
A LawShelf video-course is an in-depth series of presentations on a discreet legal topic. LawShelf video-courses focus on practical legal information and applications and are each designed to familiarize the viewer with a legal topic quickly and efficiently.
Who should take a video-course?
Our video courses are designed for professionals such as attorneys, paralegals, corporate officers and financial professionals, as well as laypeople looking to deepen their knowledge of particular areas of law. The courses allow you to acquire the specific knowledge and skills that you need without the expense and time commitment of going “back to school” for a degree.
How do I learn?
Video courses are divided into 5 or 6 modules. Each module contains a video lesson (usually about 15 minutes long) and a series of self-test questions that you can use to practice and make sure that you understand the material.
How do I complete a video-course?
To complete a video-course, you must pass a 10-question multiple-choice examination by scoring 70% or higher. The questions on the exam are randomly selected from the self-test question sets for the various modules. You can retake an exam as many times as you need to, though you will not get the same questions each time since the questions are drawn from an exam bank.
How long will it take me to complete a video-course?
Between watching the modules, doing the self-test practice questions, reviewing the material and taking the final exam, we estimate that completing a video-course requires a time investment of 4-5 hours. The courses are designed to get straight to the point. We’re cognizant that your time is valuable, and we condense the information you need to know to comprehensively cover a subject into as little time as practical.
Is there limit to how many video-courses I can take or complete?
No. A LawShelf subscription enables you to access any and all LawShelf content, including all video-courses. You can take courses as quickly or slowly as your time allows.
Do I receive any recognition for completing a video-course?
Once you complete the course by passing the final exam, you will be awarded a digital badge to display as evidence of your training and accomplishment.
How will a digital badge help me?
Modern educational trends are moving away from traditional classroom-based course completion models and towards skills-based education. Employers today care more about skills than ever before. LawShelf digital badges conform to the Open Badge standard and are verifiable records of your skills that can easily be shared online.
How long do I retain access to the course materials?