Oil, Gas & Mineral Law
Nature of ownership of oil, gas and other minerals; oil, gas and mineral leases; express and implied covenants; title and conveyancing problems arising from transfers by fee owners and lessors; transfers subsequent to lease; pooling and unitization; governmental regulation.
Texas Oil, Gas and Land Title
The purpose of this course is to build upon the concepts learned in the introductory Oil, Gas, and Mineral Law course. This course will further acquaint students with advanced aspects of Texas oil, gas, and mineral in its common law, gas industry, and study the standard issues a Texas title examiner will frequently address when evaluating title for a client, along with typical comments and requirements found in a title opinion. Finally, students will partake in a practicum, evaluating a runsheet and accompanying documents, and will then draft an original title opinion for a fictitious oil and gas client.
The problem model will involve a typical transaction in the oil and gas industry. The initial problem will be the “monetization” of an offshore floating oil and gas platform in the Gulf of Mexico. The company owning the platform plans to use its value to borrow money to fund drilling wells in an established reservoir. Students will learn generally about the offshore oil and gas industry, especially producing hydrocarbons from underwater fields and moving them onshore. The platform will be conveyed to a subsidiary which will use it as collateral for a loan from foreign investors. The original owner will pay the subsidiary a monthly fee to use the platform for production. Documents will include the conveyance of the platform to the subsidiary, the use agreement, the loan agreement, a pledge (security agreement, and a legal opinion letter to the lender.
Advanced Oil & Gas Law
This course covers more advanced and practical aspects of the U.S. and international oil and gas law regimes. It focuses on contracts and transfers by oil and gas lessees like assignments, farmouts, master service agreements, operating agreements, and purchase and sales agreements. It also considers oil and gas development on federal, state, and Indian lands and environmental regulation of the petroleum industry. The course also addresses oil and gas transactions, including cessions and production sharing agreements and the purchase of domestic oil and gas assets by foreigners. It will consider the law of all oil and gas producing states but will emphasize the law of Oklahoma and Texas.
This is a survey course intended to serve as an introduction to the relevant issues in energy law. The course covers most aspects of energy not covered in others courses, including coal; water; nuclear power; the generation, transportation, and distribution of electricity; and the extraction and transportation of natural gas.