The Institute of Energy Development
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Guide to Understanding Held By Production Critical Issues

Guide to Understanding Held By Production Critical Issues

Guide to Understanding Held By Production Critical Issues

The second essential book in the OIL AND GAS LANDMAN SERIES is now available from the Petroleum Landman School Book store.. This 91 page book covers critical information that every field landman should know. Included are topics from Oil and Gas Commission Research, How a Unit is Formed, Farmout Agreements, Pugh Clause, Questions To Ask When Working In a New State and much more.

 Why this book

The Guide to Understanding Held By Production Critical Issues can help the field landman to expand their skill sets, thus giving them a knowledgeable advantage in dealing with various related matters, common issues, rules and doctrines, and leasehold and well interests.

In order to be able successful in determining what part of the lease and what formations are actually “Held By Production” you need to understand certain clauses and meanings in the oil and gas lease along with certain state statutes regarding spacing units and pooling procedures and how both relate to each other.  In addition, you need to know how the state you are working in views certain issues regarding wells that have not produced in a while and how you find information regarding them.

For example: Do you know the law regarding cessation of production vs. a well classified as an ‘idle well’ and how the state you are working in recognizes both?  In addition, do you know where to find out if the well is under the cessation of production provision of the oil and gas lease or if it is an ‘orphan well’?  Or, do you understand the difference of integrated unitization and poolings and what lands are affected by both? 

These topics and other critical issues are discussed in this book.

 

Price $39.95

Plus Shipping and Handling

A $150 value

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Sample of Index

Index

Sample of Inside Page

Sample Page