Continuing Education Archives - Landman Insider.com

Master Data – What Is It?

Master Data - What Is It?
I’ve heard from several clients this year that they have gotten information from their leadership (and IT departments) that they will have the privilege of embarking on a master data management (MDM) program over the coming year. The resounding question that I heard was “What the heck is master data, and why do I care?” What Is It? Master data is a fairly simple concept (that gets extremely challenging in reality). Essentially, the goal is to have a single, defined source of the truth for individual data points in the business. One often used example is Working Interest on a ...

Lease Provision Penalties: Hard vs Soft

Lease Provision Penalties: Hard vs Soft
In this episode I’d like to chat about a part of lease provisions that people landmen, lease analysts, and land managers may not typically keep track of.  I’ve written several articles in the past on lease provisions, but this will address them from a different perspective. As land professionals, we know that we need to keep track of the provisions that are applicable to agreements we own or manage.  However, it is not always obvious what types of information needs to be captured.  One bit of data that is important for a number of provisions is whether the provision contains a ...

Book Review: Landman’s Legal Handbook

Book Review: Landman's Legal Handbook
Over the past several weeks I’ve had the opportunity to read the Rocky Mountain Mineral Law Foundation’s newest edition of the Landman’s Legal Handbook. If there is one word to sum up this book, it is “encyclopedic”. I’ve had the opportunity to read and review several books that are targeted to landmen, title attorneys and other land professionals — and typically they all contain approximately the same information conveyed in different ways. I have to say that the Landman’s Legal Handbook contains information that I haven’t read in any other books, and the depth in which the material is reviewed ...

People Who Create Content in the Land Business

People Who Create Content in the Land Business
Earlier last year I published a post detailing websites that I often visit.  That post still gets a lot of traffic, and my original intention was to write an article detailing the people that create content that is relevant to me as a land professional in the oil & gas industry.  I quickly found out that my list wasn’t long enough to make an article out of, so I thought I just needed to look a little harder…. I went through 2 months of twitter feeds, the last month of LinkedIn, and about 6 months of emails to find people who ...

Annual Industry Conferences for Land Professionals

Annual Industry Conferences for Land Professionals
I’ve written quite a few article about the importance of continuing education to keep your skills current and also to grow your professional network.  I had a chance to attend the AAPL Annual Convention in Washington, DC in 2013 — it was a great experience.  If your company doesn’t sponsor a trip to these events on your behalf, they can be an expensive proposition.  That’s why I’m going to tell you about three major upcoming conferences in 2014 that you can budget and plan to attend. This early in the year details can be light on topics and speakers, but ...

Outsource Your Land Administration

Outsource Your Land Administration
Oftentimes we hear about ‘outsourcing’ and we think negative thoughts.  Some of you may even be expecting to hear about how some company now has lease analysts or division order analysts based in India — although that isn’t what I’m talking about today.  I’d like to discuss a trend I’m seeing in small to medium sized operators that I believe is gaining speed.  I’ve seen a few companies capitalize on this concept by being innovative and ‘ahead of the curve’.  This trend I’m talking about is the outsourcing of land administration duties to outside service companies.  Most of these companies ...

Be Careful With No Surface Usage Provisions

Be Careful With No Surface Usage Provisions
I was recently cleaning out some old files and came across a difficult situation I dealt with several years back.  Some of you may have dealt with similar issues in the past, but I’m certain many of you have not.  Evaluating no surface usage provisions in leases is an integral part of the E&P life-cycle.  It is important when you buy the lease from the Lessor, when you acquire a lease, during operations and later in the life of the asset when you have maintenance operations.  While many of us have experience with leases which outright ban any use of ...

Giving Back to the Land Profession

Giving Back to the Land Profession
I think giving back is a very important topic, I generally try to encourage people to do acts or donations to give back during the year.  Today, i’m going to approach it from a different angle, I’d like to talk about giving back to our own land community.  “Giving back” is kind of a silly phrase, because it doesn’t really tell you what I’m talking about.  If I ask five peoples opinions, I’m sure I’ll get five completely different answers.  What my opinion of giving back is what I’m going to talk about today, and everyone else can write their own blogs ...

AAPL Annual Meeting 2013 – A Quick Recap

AAPL Annual Meeting 2013 - A Quick Recap
I had the opportunity to attend the AAPL Annual Meeting last week and I wanted to share some thoughts about it.  I won’t go into too much detail on the the particular events, education or festivities — but if you’d to see more about it then you can check it out at the AAPL Annual Meeting website page. As some of you know, I don’t work as a full-time employee for an oil & gas company.  This means that I had to make the decision to pay for the cost of attending this function myself.  It was not inexpensive after ...

Consent to Assign — A Scourge Upon Your Lease

Consent to Assign -- A Scourge Upon Your Lease
As landmen in the field, an often mentioned request by mineral owners is that the lease not be assignable without consent of the lessor.  On the surface this is a perfectly reasonable request, because Mr. Johnny just wants to make sure that he knows who holds his lease and that they are good folks.  Unfortunately this clause can cause all sorts of heart burn later down the road. Most legal departments draft this clause with a caveat, “such consent will not be unreasonably withheld.”  Unfortunately most leases don’t define the word ‘unreasonable’, and there are a multitude of perfectly reasonable-reasons ...


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