5355 Oil & Gas - WEAVER- 12571
Jacqueline Weaver (FACULTY)
Course Areas: Energy, Natural Resources and Environmental Law
Time: 1:00p-2:30p TThLocation: 144 TU2
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
First Day Assignments: The casebook is Weaver, Texas Oil and Gas Law: Cases and Materials (Fall 2012). It is sold at cost at the UHLC Copy Center as a 3-hole punched course pack.
Day 1. Aug. 28
Preface 1-4 (intro material), and pp. 9-11 and 12a to 12e. Petroleum Geology and conventional versus unconventional oil and gas.
Ch 1, pp 1-1 to 1-8. Rule of capture and Engineering Background. Note: I will present a Powerpoint slide show in class. The library has the CD on reserve to borrow if you like. CB Addendum page 1 graphic on importance of controlled production rates for conservation.
Preface 5-8 Oil and Gas Lease Basics and recent news clippings that follow on pp 8-17. 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, like the enterprising Tioga Landowners’ Association has bargained for in the second clipping. This is very rare in the U.S.
Day 2: Aug. 30
Ch 1 pp 1-8 to 1-30. Limits on the rule of capture.
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.
Final Exam Schedule: 12/20 2-5pm 144 TU2 117 TU2
This course will have:
Satisfies Skills Course Requirement: No
Satisfies Senior Upper Level Writing Requirement: No