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Oil & Gas 101: The Many Roles of a Landman
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Oil & Gas 101: The Many Roles of a Landman

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Oil & Gas 101: The Many Roles of a Landman

What Does a Landman Do?

Landman refers to a role in oil and gas with responsibilities including researching property titles, maintaining leases and auditing.

Anyone becoming acquainted with the business side of the oil and gas industry will no doubt encounter references to the job title called “landman,” which is short for “land management professional” and is not indicative of gender.

There are many landman responsibilities across the spectrum of domestic oil and gas production in the United States.

Researching Property Ownership and Titles

First, a landman must research local county property records to determine the mineral ownership for tracts of land in which an oil and gas company wants to lease the drilling rights. Once, this is accomplished, a landman is needed to actually lease up those mineral rights.

Often, additional documentation will be needed to prove that a property owner actually has clear title to the land they have leased out. A landman is needed to perform title curative by obtaining the documentation required by a title opinion lawyer who has reviewed the title. Landmen are also often sent to local county courthouses to research property ownership to augment a company’s in-house records.

Maintaining Leases

Once an oil and gas lease is taken and title is clear, the landman’s role is now primarily in-house at the oil company owning the leases. It is the in-house landman’s responsibility to identify drilling locations and enter agreements with other companies that are needed to finance exploration and production activities.

Landmen must also work other departments within their company to ensure that leases are maintained by properly paying royalties to mineral owners.

Auditing and Reporting

Landmen assist in the acquisition and divestiture of oil and gas assets between companies. They also audit records to report acreage to investors under Sarbanes-Oxley rules.

Summary for Oil Investors

The role of the landman spans every stage of the domestic exploration and production industry and the position must be filled in order to engage in any oil and gas leasehold transaction or to drill new wells in the continental US.

If you don’t want to track down all of this information on potential oil investments yourself, you can create a free EnergyFunders account to view our current vetted investments and their due diligence packages.

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EnergyFunders.com is a website owned and operated by EnergyFunders, LLC. EF Advisor, LLC is an exempt reporting adviser that advises the special purpose entities used in the Regulation D offerings. Regulation Crowdfunding offerings are conducted by EF Funding Portal, LLC, a registered funding portal and member of FINRA. By accessing this site and any pages thereof, you agree to be bound by our Terms and Conditions and Privacy Policy. Neither EnergyFunders, LLC, EF Advisor, LLC, EF Funding Portal, LLC, nor their affiliates provide investment advice or make investment recommendations. No communication, through this website or in any other medium, should be construed as a recommendation for any security offering on or off this investment platform. Unless otherwise stated, any securities listed herein will not be registered under the US Securities Act of 1933 as amended, or any other act. Only Accredited Investors as defined in 17 CFR 230.501(a) and persons residing abroad in jurisdictions where securities registration exemptions apply may purchase the Regulation D securities.

By using EnergyFunders.com, you accept our Terms of Service & Privacy Policy, and agree to the Electronic Consent. If investing, you accept our Investor Agreement.

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