Apr 25, 2024  
2018-2019 Catalog 
    
2018-2019 Catalog [ARCHIVED CATALOG]

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LND 104 - Contract Law for Oil and Gas Industry


Credits: 3 credits
3 Lecture Hours
Prerequisites: CIT 155 , LND 101 , LND 102  
This course is a study of the principles of basiccontract law as it relates to issues in general business and specifically in the oil and natural gas industry. Emphasis on contract law for the oil and natural gas industry will include additional discussion topics and instruction on contracts utilized in the natural gas industry. The student will learn about various agreements such as farm-ins, farm-outs, communization, American Association of Petroleum Landmen (AAPL) Model Form Operating Agreement and Council of Petroleum Accountants Societies, Inc. (COPAS) Accounting Procedure, various forms of assignments, joint exploration agreements, gas purchase, gas sales, gas distribution, transportation and gathering agreements.


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