Understanding Interests in Oil and Gas Lands and Production

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Virgin Islands CLE
Accreditation Info

United Institute for Continuing Legal Education offers CLE courses accredited in many states throughout the country. Attorneys licensed in the Virgin Islands may earn 20 credit hours with us. To view our full accreditation details please .

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All Courses Available iOS/Android Web

About This Course

The theory of “ownership in place” creates a unique position for the laws surrounding oil and gas companies. The theory, which stipulates that reserves can maintain their status in perpetuity, allows legal agreements, including those that are ambiguous or erroneous, to be upheld even centuries later. This CLE course will examine the creation and interpretation of oil and gas land and production interests and how some of the most common sources of ambiguity, including severance and royalties, may create confusion for title examiners and increased risk for oil companies and interests.
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