Qualifications of Oil and Gas Landmen
The oil industry is one of the most profitable sectors of the economy. This means that there is no shortage of available work in this field. From drilling to engineering, there is a wide variety of jobs in the oil and petroleum industry. One of these jobs have been around since the middle ages - that of a landman. A landman or petroleum landman is an individual who performs various services for companies in the gas and oil exploration industry.
These services include, negotiating the acquisition or divestiture of mineral rights,
negotiating agreements to make the exploration and/or development of minerals possible, researching public and private records to determine the ownership in minerals, reviewing title status, curing title defects and reducing risks concerning mineral ownership,
managing rights and obligations from ownership of mineral interests, and many others.
Simply put, landmen are the people who bridge the gap between oil and gas companies and the land or mineral owners. They serve as the middlemen between landowners and stakeholders. While they are sometimes hired by energy companies, they typically work as independent contractors for brokers who seek them out to work on their clients'projects.
There are two types of landmen:
Field Landmen - An independent contractor who is hired by a broker to perform the necessary work before any drilling can begin. These involve: determining land ownership, identifying ownership of mineral rights, procurement and negotiation of land and mineral leases.
Company Landmen - An employee who is directly hired by an oil or gas exploration company. He performs services such as: researching property record, preparing and negotiating leases and contracts, oftentimes with other companies, managing drilling communication and activities, handling lease payments or even equipment malfunction.
Before hiring, www.landmanblog.com companies and brokers are looking for landmen who possess the following important initial qualifications. These include: a bachelor's degree preferable in business or science from a 4-year university, some experience in the oil and gas industry or real estate, communication, interpersonal, and analytical skill, as well as great attention to detail.
Work ethic and relevant experience used to be the only factors employees take into consideration before making a hiring decision. In fact, many landmen and landman broker have performed successfully in the industry without possessing some of the qualifications above.
Nowadays, the competition for jobs have reached a new high. This is why new minimum standards have been set for landmen.