5355 Oil & Gas - WEAVER- 12418
Jacqueline Weaver (FACULTY)
Course Areas: Energy, Natural Resources and Environmental Law
Time: 10:30a-12:00p MWLocation: 144 BLB
Course Outline: This course covers the basic property, contract and regulatory framework for oil and gas production in Texas. It explores common law property concepts (such as the rule of capture, trespass, cotenancy, life tenancy); the provisions of an oil and gas lease negotiated between a mineral interest owner and an oil company as lessee; mineral and royalty interest conveyancing; and Railroad Commission regulation of drilling, production, pooling, and unitization for the efficient and fair development of oil and gas.
Course Syllabus: Syllabus updated 8/4/14
First Day Assignments: Casebook: The casebook for this course is Weaver and Wells, Texas Oil and Gas Law: Cases and Materials (Fall 2014). This casebook is available from Amanda Parker in my faculty office suite (Teaching Unit 2, first floor) at no cost. You will receive only one free copy.
Day 1. August 25 Monday
Preface 1-4 (intro material), and pp. 16-24. Petroleum Geology and conventional versus unconventional oil and gas. I will present a Powerpoint slide show in class on geology, reservoir engineering and maximizing production. The library has the CD on reserve to borrow if you like.
Ch 1, pp 1-2 to 1-8. Rule of Capture and Engineering Background.
Preface pp. 5-8 Oil and Gas Lease Basics. A sample Texas lease is at the end of your CB; a lease used by the state of Alabama in coastal waters also appears at the end to use as a comparison.
Optional: recent news clippings that follow in Preface at pp 8-16. After taking this course, you will not find yourself in the position of the Ely family in the first clipping, should you become a lessor. The International Petroleum Transactions course covers other types of development contracts that are profit-sharing contracts, like the enterprising Tioga Landowners’ Association in New York has bargained for in the second clipping. This is very rare in the U.S.
Day 2: Aug. 27
Ch 1 pp 1-9 to 1-31. Limits on the Rule of Capture. What are the limits? When does the rule of capture not apply?
CB 1-25 to 1-26 has Tex. Nat. Res. Code sections 85.045-.046 on the definition of prohibited forms of waste.
Note: If we don’t finish the reading listed for a certain day or week, the remaining pages roll over into the next day/week. We don’t just forget about them! You will always know where to begin the next class: where the last one ended. If you then read 20 pages ahead, you will always be prepared.
Monday Sept 1. No Class--Labor Day
Final Exam Schedule: 12/12/14 10am-1pm
This course will have:
Satisfies Skills Course Requirement: No
Satisfies Senior Upper Level Writing Requirement: No
Course Materials (6/13/2014 1:53:30 PM)
No book required for this course
Course Materials: Texas Oil and Gas Law: Cases and Materials (Available from Amanda in TU2-114)