Landman Job |
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| Tuesday, 06 April 2010 01:59 |
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Landman Job Although the economy is experiencing problems on every front, the price of oil and gas has started to rise again. With the growth in foreign economies, this trend should continue leaving an opening for Oil and Gas Landman jobs. A Landman is the person who leases the land where the oil and gas companies drill their wells. Their job is to research who owns the minerals on a certain tract and then contact this individual about signing an oil and gas lease. All the terms for the lease will be given to you by the company you work for, but this job offers alot of freedom and you work out of the office most of the time. You will basically be determining who owns the minerals of the land and will be contacting these people about signing and Oil and Gas Lease. There is a difference between the mineral owner and land owner and one that is very important to the Landman. The land owner owns the surface of the land while the mineral owner owns the mineral on or underneath the land. The Landman will take a lease from the mineral owner although they might have to work with the land owner for a drill site for a well. Doing the title work to determine who owns the minerals is a big part of the Landmans job and the part that is the most confusing. A trip to the courthouse or abstract office in the county or parish where you are working will be required for this records research. You will need to find the current owner of the tract and then trace the ownership backwards to make sure there are no mineral reservations on the property. A mineral reservation will be stated in the Deed and in many cases will be in language like this: Seller herein reserves all minerals. If you would like to learn more about the job of a Landman, please visit: Sincerely John Peyton Article Source: http://EzineArticles.com/?expert=John_Peyton |
| Last Updated on Friday, 16 July 2010 04:50 |
