The Federal government owns 640 million acres, about 28% of all land in the United States, and controls the coastal area extending 200 nautical miles from the shore. The Bureau of Land Management (BLM) manages an estimated 5.3 billion barrels of proved oil reserves and 69 trillion cubic feet of proved gas reserves onshore, and the Bureau of Ocean Energy Management (BoEM) manages another 4.3 billion of proved oil reserves and 16 trillion cubic feet of proved gas reserves offshore. Not surprisingly, the Federal oil and gas lease program is frequently at the center of political and legal debates about the country’s energy policy.
This course provides an overview of the legal framework governing Federal oil and gas leases. It offers background on how the Federal government grants leases to private parties and the fiscal terms of those leases. In addition, it surveys recent regulatory and judicial developments affecting onshore and offshore leasing.
Excellent presentation. Great written materials.Presenter clearly knows the subject well and discusses it with ease. Worthwhile program.
Informative and articulate
Mr. Seber was excellent. I work in oil and gas and he was much more knowledgeable than I could have hoped for.
Very professional and thorough.
The graphics in his slides were a great visual aid. Thank you
Speaker was very knowledgeable and well prepared.
This worthwhile program introduces the non-specialist to and refreshes the attorney concentrating in this practice area to the legal principles and fiscal significance of the Federal oil and gas leasing program. The speaker divulges recent regulatory developments and court decisions; identifies emerging issues; and forecasts trends.