Oil and Gas

Elective Course
Course Number: LAW 651, Section 1
Credits: 3

Oil and gas law applies property law and contract law principles to a complex natural resource that has been the subject of a rich body of case law. The course evaluates resource rights from the perspective of the developer, the property owner, and the regulator. Topics include the creation of mineral property interests in oil and gas, how those interests are similar and different from other forms of real property, and how they are conveyed. We spend a fair amount of time evaluating the provisions of oil and gas leases, which are the principal instruments uses to transfer oil and gas rights. While much of the course focuses on private rights in resources, the course also looks at the acquisition of oil and gas rights on public domain lands. Property law is the only prerequisite, even if it is taken concurrently.