Technical / TECH-03 / 2 days
Introduction to the Canadian Land Tenure System
Robert R. Warholm P.Eng.
Specialist, Quality and Assurance
This 2-day course is an introduction to the Canadian land tenure system, with a specific focus on how it integrates into the evaluation of Canadian oil and gas properties. However, the course material will also address mineral rights ownership in the US as well as international production sharing agreements. By the end of the course, participants will fully understand the concepts associated with mineral rights ownership, how to interpret company land schedules, and how to incorporate these land interests into an oil and gas evaluation.
- Definitions of land and mineral interests
- Land survey systems and land schedules
- Royalties and mineral taxes
- Incentives and development agreements
- Drilling spacing units
- US lands and international production sharing agreements
The material covered in the course is relevant for engineers, geologists, geophysicists, land negotiators, accountants, technologists, and anyone who wants to understand the importance of mineral interests in the process of evaluating Canadian oil and gas properties.