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.
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