eCourse
The Oil and Gas Lease from A to Z: Classification, Scope of Grant, and Duration; Royalty Clauses; Implied Covenants; and Other Clauses
Contains material from Apr 2013 to Apr 2014
The Oil and Gas Lease from A to Z: Classification, Scope of Grant, and Duration; Royalty Clauses; Implied Covenants; and Other Clauses
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Session 1: The Oil and Gas Lease, Part I: Classification, Scope of Grant and Duration - An in-depth focus on how an oil and gas lease is classified in law and on the key clauses of the lease.
Session 2: The Oil and Gas Lease, Part II: The Royalty Clause in an Oil and Gas Lease - In Texas, the calculation of the royalty obligation created under an oil and gas lease is determined by looking at the specific language contained in the royalty clause. This session focuses on some of the principal phrases used to describe such obligations and how the Texas courts have interpreted them, and takes a look at how that same language has been interpreted differently in other jurisdictions. The impact of division and transfer orders are analyzed to determine how such instruments may affect the royalty obligations contained in the lease.
Session 3: The Oil and Gas Lease, Part III: Implied Covenants - An outline of the law of implied covenants, including duties imposed, standards applied and remedies available.
Session 4: The Oil and Gas Lease, Part IV: Other Clauses - A review of other clauses in an oil and gas lease, including surface use clauses and riders, retained acreage and proportionate reduction clauses and savings clauses such as continuous operations, dry hole, force majeure and shut-in gas royalty clauses.
Session 2: The Oil and Gas Lease, Part II: The Royalty Clause in an Oil and Gas Lease - In Texas, the calculation of the royalty obligation created under an oil and gas lease is determined by looking at the specific language contained in the royalty clause. This session focuses on some of the principal phrases used to describe such obligations and how the Texas courts have interpreted them, and takes a look at how that same language has been interpreted differently in other jurisdictions. The impact of division and transfer orders are analyzed to determine how such instruments may affect the royalty obligations contained in the lease.
Session 3: The Oil and Gas Lease, Part III: Implied Covenants - An outline of the law of implied covenants, including duties imposed, standards applied and remedies available.
Session 4: The Oil and Gas Lease, Part IV: Other Clauses - A review of other clauses in an oil and gas lease, including surface use clauses and riders, retained acreage and proportionate reduction clauses and savings clauses such as continuous operations, dry hole, force majeure and shut-in gas royalty clauses.
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1.
The Oil and Gas Lease, Part I: Classification, Scope of Grant and Duration (Apr 2013)
Owen L. Anderson
1.00
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Session 1 —58 mins
The Oil and Gas Lease, Part I: Classification, Scope of Grant and Duration (Apr 2013)
An in-depth focus on how an oil and gas lease is classified in law and on the key clauses of the lease.
Originally presented: Mar 2013 Fundamentals of Oil, Gas and Mineral Law
Owen L. Anderson,
The University of Oklahoma College of Law - Norman, OK
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2.
The Oil and Gas Lease, Part II: The Royalty Clause in an Oil and Gas Lease (Apr 2013)
Bruce M. Kramer
0.75
0.00
0.00
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Session 2 —46 mins
The Oil and Gas Lease, Part II: The Royalty Clause in an Oil and Gas Lease (Apr 2013)
In Texas, the calculation of the royalty obligation created under an oil and gas lease is determined by looking at the specific language contained in the royalty clause. This session focuses on some of the principal phrases used to describe such obligations and how the Texas courts have interpreted them, and takes a look at how that same language has been interpreted differently in other jurisdictions. The impact of division and transfer orders are analyzed to determine how such instruments may affect the royalty obligations contained in the lease.
Originally presented: Mar 2013 Fundamentals of Oil, Gas and Mineral Law
Bruce M. Kramer,
Of Counsel, McGinnis, Lochridge & Kilgore, L.L.P. - Houston, TX
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3.
The Oil and Gas Lease, Part III: Implied Covenants (Apr 2014)
Elizabeth N. Miller
0.75
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0.00
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Slides
(pdf)
17 pgs
Session 3 —48 mins
The Oil and Gas Lease, Part III: Implied Covenants (Apr 2014)
A review of the law of implied covenants and its application to the oil patch.
Originally presented: Mar 2014 Fundamentals of Oil, Gas and Mineral Law
Elizabeth N. Miller,
Scott, Douglass & McConnico, L.L.P. - Austin, TX
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4.
The Oil and Gas Lease, Part IV: Other Clauses (Apr 2013)
Gina S. Warren
0.50
0.00
0.00
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Slides
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8 pgs
Session 4 —24 mins
The Oil and Gas Lease, Part IV: Other Clauses (Apr 2013)
A review of other clauses in an oil and gas lease, including surface use clauses and riders, retained acreage and proportionate reduction clauses and savings clauses such as continuous operations, dry hole, force majeure and shut-in gas royalty clauses.
Originally presented: Mar 2013 Fundamentals of Oil, Gas and Mineral Law
Gina S. Warren,
Texas Wesleyan School of Law - Fort Worth, TX