If your family holds mineral rights you inherited a blessing and a responsibility. A blessing because of the abundant wealth that could be right under your feet. A responsibility because there is a lot riding on your knowledge of local oil and gas laws.
But even if you don’t know oil and gas laws inside and out, there is one failsafe you can put in place to guard against problems when you’re buying and selling minerals; the Certified Professional Landman (CPL).
Certified Professional Landmen are not your ordinary, everyday landmen. They are a cut above, a step ahead, and wise enough to know a bird in the hand is worth two in the bush.
Certified Professional Landmen vs. Everyone
We’re not saying CPLs are the only legitimate landmen. Every landman started out as an information gatherer somewhere along the way. Some have reached the RL and RPL levels. But without the extensive experience it takes to even sit for the CPL the person interpreting your mineral deed is at a fundamental disadvantage.
Think of it this way. The landman without a CPL is like counselors. They can meet with you to discuss your issues, and nothing more. CPLs are like doctors. They can discuss your problems, identify the medical (legal) problem, and prescribe the right medicine (legal remedy).
Here are 4 more reasons you should only work with Certified Professional Landmen.[click to continue...]