Note: Oil and Gas is a requirement, BUT both Oil and Gas Law AND Oil and Gas Law II can be taken in the same semester.
This class covers practical aspects of the U.S. oil and gas legal regime, focusing on the relationship between energy companies and between energy companies and regulatory authorities. Topics of discussion include contracts and transfers by oil and gas lessees such as assignments, farmouts, operating agreements, purchase and sale agreements, and master service agreements. Oil and gas development on federal, state, and American Indian lands will be considered, as well as environmental regulation of the petroleum industry. Bankruptcy, energy finance, and land use control will also be covered, as well as purchase of domestic oil and gas assets by foreigners. The law of all producing states will be considered with some emphasis on Oklahoma and Texas, the two states with largest bodies of oil and gas case law and which most often provide divergent views on various oil and gas issues. May be taken concurrently with Oil and Gas (LAW 390).
Kulander, Christopher