UHD 2000/2001 Catalog UHD Catalog Home | Course Descriptions | Professional Land Management (PLM) Table of Contents | Previous Section | Next Section | Index | How to Use the Online Catalog 2301 123 Introduction to Oil Industry and Professional Land Management (3-3-0) Prerequisite: Sophomore standing. An overview of the oil industry and professional land management functions as they relate to the oil and gas exploration, leasing, drilling, production, transportation and economics of the industry. Special emphasis is given to the understanding and use of oil and gas maps, land mensuration and land description. 3399 Directed Study in PLM Prerequisite: Formal approval of department chair and dean. Selected topics in professional land management; intensive individual study under the guidance of a member of the professional land management faculty. 4301 Legal Aspects of Land Management (3-3-0) Prerequisites: RE 2302, PLM 2301 and BA 3302. Oil and gas law including legal concept of mineral interest, transactions which affect the mineral interest such as leasing, pooling and unitization, and governmental regulation of minerals. 4303 Land Management Practice (3-3-0) Prerequisites: PLM 2301, PLM 4301 or departmental approval. Concurrent enrollment in PLM 4304. Development of the technical skills related to understanding the terminology, methodology, planning, strategies and management of the professional land management functions as they relate to: (1) the determination of mineral ownership; (2) negotiation, acquisition, maintenance and disposition of publicly or privately owned oil and gas interests; (3) title curative and the due diligence functions; (4) pooling and unitization; (5) lease administration and payment of the proceeds from oil and gas production; and (6) interpretation, negotiation, preparation, execution and administration of oil and gas contracts in the USA and internationally, as they relate to farmouts, well trades, operating agreements and host government contracts. Additional emphasis is given to the ethical and professional standards of the petroleum landman as part of the exploration/production team. 4380 Field Experience For more information and qualifications see Field Experience in the College of Business section of this catalog and/or the department chair for your declared major.