Book Description

For landowners, landmen, lawyers, and investors as well as all oil company employees, this manual takes a layperson's approach to the legal aspects of land-ownership, transfer, and leasing. Ten chapters cover privately owned land; state and federal lands; the transfer of interests in land; land measurement and land description; preparations for drilling, producing, and selling; agreements to explore and develop leased properties; and pooling, unitization, and release. Five appendixes discuss specific leasing practices in Alaska, California, Louisiana, and Canada, and indicate similarities and differences for Kansas, Michigan, New Mexico, North Dakota, Oklahoma, Texas, and Wyoming. Glossary is included. Sponsored by the Association of Desk and Derrick Clubs.