Are you looking into leasing a piece of land for the purpose of exploring the oil and gas possibilities that it contains? If you are, then you’ll soon be working with a landman. If you’re not familiar with what landman services are, this quick explanation should help you understand why they are essential for you to move forward in your process. If you’re looking for a landman, please consider Majr Resources. We would be happy to help you out.
If you are in the oil and gas industry and you’re looking to do some exploration, your landman will work for you. Before you can drill for oil and gas, or even do research to see if it’s present, you have to have the oil and gas rights to the land that you’re drilling on or researching. Landmen are middlemen who work for you. They will help you figure out who owns a piece of land, who has mineral rights, and what you need to do if you want to purchase the mineral rights or get a lease on the land.
Most land men are independent contractors. They can be hired directly by oil and gas companies, but that is less common. Instead, they work for brokers, who are themselves hired by the oil and gas companies. These brokers oversee the entire title transfer process and hire landmen to do some of that work for them.
This is particularly true for a field landman. These people work hard to figure out exactly who owns the land and who has the current mineral rights. This is specialized work that requires significant training. Then, the landmen work to negotiate leases between mineral companies and these landowners.
Their job is made more difficult when mineral rights and land rights do not belong to the same person. The land on the surface can be sold separately from the land beneath the surface. This can require two separate negotiations. All of these negotiations must be completed before an oil or gas company can drill on a piece of land.
A company landman works for the oil or gas exploration company. They do similar work but are not thought to be as objective. They research who owns a property, prepare leases, contracts, and other relevant documents, and also manage the logistics that go into drilling. These land men are more commonly used when the negotiations are between two companies, rather than between a company and an individual. In these cases, each company may have its own landman or team of landmen working on the case.
You will want to have a competent team performing your landman services if you want to get the best deal on any mineral rights that you were purchasing or leasing. Whether you’re looking for oil rights or gas rights, oil leases or gas leases, you will want to spend as little as possible in order to make as much as possible. It is your landman’s job to make sure that you get the best deal.