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Understanding Interests in Oil and Gas Lands and Production

SKU: ENV500
Total Credits
1 - 1.5
Price$75
  • Online Access
  • Smartphone
  • iPad/iPod/Tablets
  • CDs/DVDs

Description

Precedent is a central principle in the area of law. As such, working in mature areas of law with long established legislation can be beneficial to attorneys. This CLE course will explore the fascinating legal area of oil and gas, which, while relatively young, is a fairly well developed area and yet is uniquely positioned due to the theory of “ownership in place.” The theory stipulates that certain reserves can continue in perpetuity, regardless of how long ago they were established, and that their status retains any ambiguities made by previous legal agreements, even those of previous centuries.

The course will examine the creation and interpretation of various oil and gas land and production interests as well as explain some of the most common sources of ambiguity. These ambiguities, for example the severances in different states, mineral reservations and royalties and estate severance, may create tremendous confusion for title examiners and thereby increase the risks for oil companies.

Lecturer Bio

Joshua Richard Stein, Esq.

Josh Stein is a Texas oil and gas title attorney and graduate of Boston College Law School. The majority of his practice is dedicated to drafting drilling and division order title opinions. He has written title opinions on tracts throughout Texas, including lands bounded by avulsive rivers and pooled units within urban subdivisions.

Josh Stein has also represented landowners in matters involving surface use agreements, termination of nonproductive leases, and nonpayment of oil and gas royalties. In addition to oil and gas, he has represented clients on matters involving public beach access rights and hurricane relief on Galveston Island.



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