The success of the oil and gas industry relies on communication between professionals and thought leaders. The North American Prospect Expo (NAPE) provides the best setting for successful gatherings of decision makers and investors in the oil and gas field. The annual summer NAPE this year is in Houston, Texas. It runs for two days (August 10th and 11th) and is a highly anticipated event for professional landmen around the country. Here’s what you need to know to excel at NAPE this year.
The CourthouseDirect.com Blog
Tags: Land Management
In the oil and gas industry, new innovations and technological breakthroughs are constantly changing the way business is conducted. Landmen are charged with the responsibility of understanding tried-and-true methods of oil and gas extraction along with the additional burden of following trends and learning brand-new methods – such as hydraulic fracturing and horizontal drilling.
In the Modern Age, technological improvements to land management systems (LMS) have taken huge strides toward simplifying, streamlining, and bringing the oil and gas industry up-to-date in today’s data-driven environment.
Although the American economy continues to recover slowly, the downturn of 2008 is still having an impact on many industries. The oil and gas industries are perhaps two of the hardest hit, and many employers are eager to learn how to save money and jobs in their land management companies. Fortunately, several ways exist to do both, and most are fairly easy to implement.
Tags: Land Management
The recent downturn in the oil and gas industry has made the competiveness of resumes even more challenging as employers in these fields seek more-experienced workers to fill more-versatile roles. If you have not yet written your oil and gas resume or need to update your existing resume, be sure you have the knowledge you need to make yours stand out.
The downturn in the gas and oil industry has created many challenges for recent graduates who are searching for work in these fields. Although the outlook may look bleak for graduates, understanding the current environment and knowing some tips on how to find similar work can help these jobseekers land a job.
With every new year comes a new tax season, sending chills up independent contractor's spines across the US. Unlike most people who enjoy a refund this time of year, landmen can usually expect to be emptying their bank accounts and forking over thousands in taxes. Thankfully, there are plenty of write-offs to help offset tax expenses. Unfortunately, however, these write-offs can sometimes lead to an audit.
To describe the current oil and gas industry as “competitive” would be an understatement. But intense competition need not be seen as a disadvantage. Learning from the mistakes of others lets a business reap all the advantages of the lesson while also learning how to avoid those mistakes themselves.
The oil and gas industry is undergoing a lot of changes to regulations and the prices of oil. It was once thought employees in the industry couldn’t make significant wages, but the truth is quite the opposite now. Landmen have the opportunity to make nearly $100,000 a year with little to no prior experience. Oil prices are increasing, and the number of employees in the industry is decreasing, which means Landmen have ample opportunity to enter a very lucrative career.
While becoming a landman doesn’t require a lot of experience, it does require the desire to learn. Regulations and procedures within the industry mean there’s a steep learning curve. Provided one has the ability and willingness to understand the complexities of the industry, a successful career lies ahead.
The rule of capture may not sound like it should apply to underground substances like oil, gas, and water, but it does. The oil and gas industry is unique in that it combines elements of contractual law, property law, and tort law. The laws that govern this industry are made even more complex because of the very nature of gas and oil, neither of which is in a solid state. Therefore, they don’t remain in one place, and “owning” gas or oil is a far more complex concept than one would think. So what is the rule of capture and how does it apply to oil, gas, and water?
Tags: Land Management