Continuing Education Archives - Page 3 of 3 - Landman Insider.com

Promotes, Carries, and Bears…Oh My!

Promotes, Carries, and Bears...Oh My!
During my time as a field landman I never really got the opportunity to see how deals work and how the economics of a deal play out with regards to the party who develops it.  In hindsight, that’s unfortunate because it’s some pretty interesting stuff. I’ve been told that many of the readers of this blog are field landmen, so I thought some background on it might be of some interest to you.  Don’t confuse this background information  for someone who has stratospheric knowledge about this subject.  My exposure to the subject is still woefully inadequate, something I hope to ...

Experience: Our Way of Evaluating Landmen is Hurting our Industry

Experience: Our Way of Evaluating Landmen is Hurting our Industry
A demon that has always been lurking in the corner in our business is how we decide how much someone is worth.  Think about the last time you recommended someone to your supervisor.  The first question they asked was probably “How many years of experience does he/she have?”.  Occasionally you’ll get the “send me their resume” or the preferred “are they good?”, you might even get a “Do you want the person on your team?” line from particularly bright supervisors. It doesn’t take a rocket scientist to figure out that using “years of experience” as an indicator of skill is ...

Adverse Possession of a Cotenant

Adverse Possession of a Cotenant
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Why Your Client Hires Landmen Who Make Mistakes

Why Your Client Hires Landmen Who Make Mistakes
One of the more common complaints I hear from field landmen, particularly well experienced field landmen, is that brokers hire inexperienced people to work on and run projects.  The biggest reason I see thrown around for this is inexperienced hiring managers, careless brokers, and poor supervision from in-house landmen.  I’d counter that those issues are only a small part of the equation.  I’d say budgetary constraints and client driven needs are the bigger pieces of the puzzle. We’ve all seen those brokers who say “I need 20 landmen next week that live within 50 miles of <insert small rural town>.”  ...

Does Your Client Know What A Pugh Clause Is?

Now, I know you are all reading this because you said “of course everyone who isn’t a moron knows what a pugh clause is.”  However, after an interesting discussion on LinkedIn (see here) several months back I began specifically asking my clients how they defined a vertical and horizontal pugh clause.  I got more than one answer, and it opened my eyes to a way that one could easily make mistakes for their client. Why?  Because the ‘old’ way most companies (and many still do) defined a vertical pugh is as a depth severance after the primary term.  Likewise, they ...

Landman Certifications – RL, RPL, CPL

Landman Certifications - RL, RPL, CPL
Let’s first get on the same page.  I’m not talking about attending a certificate program, I’m also not talking about getting certified by some organization other than the AAPL.  I’m talking about certifications that are available from the AAPL by completing all the requirements.  There are three certifications available, RL – Registered Landman, RPL – Registered Professional Landman, and CPL – Certified Professional Landman. Becoming a CPL is just a ‘symptom of success’ for those individuals. These certifications are available by meeting specific requirements; an experience requirement based on how long you have performed land work, a sponsorship requirement verifying ...

AAPL – Joint Operating Agreements Class

AAPL - Joint Operating Agreements Class
I recently attended a seminar called Joint Operating Agreements, Exploration and Participation Agreements, hosted by the AAPL, taught by Dorsey Roach, CPL.  Not having much direct experience with these type of agreements, other than reading them, I assumed that I stood to learn quite a bit.  I was pleasantly surprised by the 2-day course, and found it very informative. While the title of course might lead you to think that it only addresses joint operating agreements, Mr. Roach also broached the topic of Participation Agreements and Exploration Agreements.  He feels that these agreements are being used much more often, and in ...


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