Petroleum Land Administration:
Land Contracts Extension Certificate

E-mail: cescience@mtroyal.ca
Information: 403.440.6278
Register: Start here
Location: Lincoln Park Campus, 4825 Mount Royal Gate SW

 

Developed by industry experts, this certificate provides the expertise you need for the rewarding field of Petroleum Land Contract Administration. This highly specialized certificate explores contractual obligations, common exploration, land, and joint venture agreements and teaches you to conduct successful negotiations, draft agreements and identify contract issues.

Program Outcomes – Land Contracts
Upon completion of this program, in addition to the outcomes of the Introductory Courses and Mineral Rights Certificate, you will be able to:

• explain the basic structures and contractual obligations of common exploration and royalty agreements, processes and procedures
• interpret commonly used exploration, land, and joint agreements
• conduct negotiations and draft agreements
• identify problems in contracts, justify interests and draft special clauses
• understand acquisitions and divestitures
• resolve common technical issues
• apply new skills in real business situations

Required Land Contracts Courses

IMPORTANT! You must first complete  Mineral Rights Extension Certificate or have previously completed the Petroleum Land Contract & Administration-Foundation Certificate.

Land Agreements
Examine the basic structures and essential contractual obligations of common exploration agreements, the 1997 CAPL Farmout and Royalty Procedure, the 1990 CAPL Operating Procedure, joint operating agreements, acquisitions and divestiture processes, and unit agreements. 
Prerequisites: Mineral Rights Extension Certificate or PLCA Foundation Certificate
Course materials: available for purchase at the BookStore

Land Negotiations
Reviewing the various examples of commonly used exploration and land and/or joint agreements, identify problems in contracts, justify interests and draft special clauses. Learn about farm-in, farm-out, pooling and disposition negotiations through individual and group exercises. Emphasis is on comprehension, interpretation and negotiation of key contract clauses.
Prerequisite: Land Agreements
Course materials: available for purchase at the BookStore

Contract Land Systems
Use industry-specific software to enter and manipulate data, update and terminate files, and generate reports. Understand what data must be recoded, why it is important and how it is used by Land Contract Administrators in business situations.
Prerequiste: Land Agreements
Course materials: available for purchase at the BookStore

Contract Acquisitions and Divestitures
Acquisitions, divestments or swaps require detailed documentation and involve many responsibilities for Land Contract Administrators. Review checklists, scheduling and due diligence as well as closing and post-closing responsibilities as you learn the procedures and processes from a land contract perspective.
Prerequisite: Land Agreements
Course materials: available for purchase at the BookStore

Case Studies in Contracts and Technical Issues
Apply the skills learned in your Land Contract courses to solve real business challenges. Explore common technical issues in land contract administration with our experienced instructors.
Prerequisites: All previous Land Contracts courses
Course materials: available for purchase at the BookStore

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Scholarships and Bursaries
Several scholarships and bursaries are available.