Energy Land Management/ Instructor Dr. Patrick Fitzgerald
(PTRT1000)

This class is excellent for the current or prospective land professional, or mineral owner who desires a broad overview of the content and process of land management.  It is ideal for landmen, lease title analysts, division order analysts, land techs, mineral owners, investors, attorneys, and those who assist them.

This course presents a broad overview of the most needed information related to petroleum land management with significant time focused on the role of  land personnel in the development of oil and gas plays, the oil and gas lease, oil and gas contracts and understanding critical petroleum land title issues and solutions.

Specific topics include types of land ownership, severance of minerals, land descriptions, determination of mineral ownership, including undivided interests, the rule of capture and the role of the recording system. Students will understand how leases are acquired and how to evaluate lease provisions. We will briefly review pooling and unitization and the role of state and federal regulatory agencies. Students will understand how to calculate royalties, overriding royalties, working interests and net revenue interests and the importance of lease administration. We will review the “due diligence” process used when buying and selling mineral interests and critical title curative problems, title opinions, and the use of affidavits, curative conveyances and stipulations in order to “cure” title problems. Finally, key oil and gas contracts are reviewed including the fundamentals and critical specific details concerning leases, farmouts, support agreements and joint operating agreements. Internet tools and ethics in the oil and gas industry are also discussed. Cases and practical exercises are included. The course also covers topics that include real property and oil and gas law including key issues related to acquiring and properly protecting oil and gas interests. Also included are economic and financial decision-making and the role of taxation in such decisions. The role of leases, contracts and land titles will be discussed in depth including joint operating agreements (the AAPL Model Form) and farmout agreements. Internet tools and ethics in the oil and gas industry are also discussed. Cases and practical exercises are included.

Patrick W. Fitzgerald

Ph.D., ED.D., J.D.

Fitzgerald & Associates-Attorneys at Law

Fitzgerald Economic and Business Consulting, LLC

Distinguished  Visiting Professor- University of Denver

 

Patrick W. Fitzgerald Ph.D., ED.D., J.D. is Senior Partner in the law firm Fitzgerald & Associates with offices in Dallas and Oklahoma City where his practice includes various areas of law related to the oil and gas industry. He is "of counsel" with a Denver law firm specializing in Oil and Gas Law. Concurrently, he is a Distinguished Visiting Professor in Energy Management and Petroleum Land Practices in the Daniels College of Business at the University of Denver where he teaches graduate courses in various areas related to oil and gas as well as over 50 different courses dealing with all areas of energy land management, oil and gas tax, energy finance and environmental and water law. He teaches finance and oil and gas accounting in the graduate MBA program at Oklahoma Baptist University along with multiple short courses in the Energy Land Management Certificate Program. He recently completed appointments as is a Visiting Scholar in Finance in the Price College of Business at the University of Oklahoma and a Lecturer in Energy Finance with the University of Colorado Denver. At Texas Christian University, he has served as a Distinguished Scholar and Expert with the Energy Institute and taught  various land management courses for the University of Texas at Austin and was an Affiliated Scholar in the Center for Global Energy, International Arbitration and Environmental Law at The University of Texas School of Law. He has taught for the McGuire Energy Institute in the Cox School of Business of Southern Methodist University and for the American Association of Petroleum Landmen. Dr. Fitzgerald is the author of "Understanding and Negotiating  Farmout Agreements"  published by the American Association of Petroleum Landmen.

 

G122172Q Jan 22 - 23 8:30 am - 4:30 pm
Mon,Tue  $675.00
($700.00 out-of-state)
PPDC Building, 105 W. Illinois, Midland, TX
Registered: 0 14.0 Hours


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and associate and baccalaureate degrees. Contact the Commission on Colleges at 1866 Southern Lane, Decatur, Georgia 30033-4097
or call 404-679-4501 for questions about the status of Midland College.

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