Oil and Gas Law (3490)
This course focuses on the nature of interests in oil and gas deposits, an analysis of leases and other voluntary devices for conveying or unitizing mineral interests, and the regulatory aspects of production. The concepts relevant to this course are drawn from real and personal property law, contracts, torts, and certain aspects of administrative law. All but ten counties in Michigan have producing oil or gas wells. The purpose of this course is to prepare a student to understand the consequences of severed mineral interests, the legal and economic consequences of leases, and the protections provided to owners and producers by the regulatory system.
- Credits: 3