Summary

Understanding the legal side of land ownership is critical to long-term success in ranching. This lectureship will focus on important aspects regarding real estate law, such as oil, gas, and mineral leases; easements; condemnation; liabilities; rights regarding surface and ground water; and transfer of property. It will also include discussion on current statutes, laws, and cases that affect all facets of the ranching industry.

Learning Objectives

• Understand the provisions of an oil, gas, and mineral lease
• Discuss landowner rights and ownership of surface and groundwater
• Recognize recent developments in the Rule of Capture, statutes, and case law
• Identify landowner liability for injuries and list measures to avoid liability
• Understand the condemnation process and determine strategies to protect property rights
• Recognize how private easements are created and terminated
• Identify how small estates transfer property to the next generation

Instructor