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re: Working as a landman

Posted on 10/12/17 at 9:11 am to
Posted by Collegedropout
Where Northern Mexico meets Dixie
Member since May 2017
5202 posts
Posted on 10/12/17 at 9:11 am to


I knew you would come in here and say this.

But I would love to live there... You seriously think it would be worse than fricking Midland; Huntington, West Virginia or Canton, Ohio.

At least I'll be two hours from Dallas. I would be lucky to work there considering some of the other places I will more likely end up for a few years...
Posted by GaryMyMan
Shreveport
Member since May 2007
13498 posts
Posted on 10/12/17 at 9:11 am to
I had the JD already. I started working as a landman the day after I passed the bar, just fell into it on a supposedly temporary project that led to another and another...
This post was edited on 10/12/17 at 9:15 am
Posted by Collegedropout
Where Northern Mexico meets Dixie
Member since May 2017
5202 posts
Posted on 10/12/17 at 9:12 am to
What would be my options if I got my JD? Would I have a shot in going directly in-house?
Posted by 50_Tiger
Dallas TX
Member since Jan 2016
40240 posts
Posted on 10/12/17 at 9:17 am to
quote:

But I would love to live there... You seriously think it would be worse than fricking Midland; Huntington, West Virginia or Canton, Ohio.

At least I'll be two hours from Dallas. I would be lucky to work there considering some of the other places I will more likely end up for a few years


Well when you say it like that yeah Tyler seems better than all those other shite holes.

The talent pool is significantly lower and you better be prepared to go to the Neon Country outside of Jacksonville.
Posted by GaryMyMan
Shreveport
Member since May 2007
13498 posts
Posted on 10/12/17 at 9:18 am to
quote:

What would be my options if I got my JD? Would I have a shot in going directly in-house?


I'm the wrong person to ask since it never worked out . If you just want to be an in-house landman I think it would be a waste of time. You could go to ULL or Oklahoma and get a bachelors in land admin and be more prepared. And it would show to the hiring manager that you're serious about land work, rather than just being an out-of-work lawyer.

My thesis is: get into the company however you can. Hell, I did work for a Fortune 1000 company where they talked about training a file girl to do land work, until she got caught stealing petty cash.
This post was edited on 10/12/17 at 9:31 am
Posted by ragincajun03
Member since Nov 2007
21443 posts
Posted on 10/12/17 at 9:28 am to
quote:

My man. This is a great strategy, in theory. (I had the same idea, gave it 5 years, now I have to be a lawyer). Practically, it's just on the other side of realistic. E&P companies ONLY hire landmen with in-house experience. Even if you try to aim lower for the analyst job, they'll see that you're an independent landman and likely trash your resume.

It's not impossible to get that in-house job, you just need to start there. Internships come up, once in a blue moon. Some lower level analyst jobs come up with no experience required. It's much easier to work your way up from the inside, rather than coming from making $80k/year as an independent then starting over at $40k.


I’m going to say in general, you are correct. Especially if taking about in-house mineral Landman spots (sometimes called Land Negotiators).

However, a good independent, field Landman could get a serious look from operators like Anadarko, EOG, COG, etc for a Surface Landman position. You would be negotiating Surface agreements, dealing with landowners and ranchers who are mad because you’re drilling in their property, but they don’t own any mineral rights to get royalty payments.

And usually, after proving yourself in that spot, you can move into the mineral Landman role eventually.

Being a lease analyst would be a dull, boring arse way to work yourself into an in-house mineral Landman role. Though if it’s the only way offered...
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 10/12/17 at 9:35 am to
quote:


What would be my options if I got my JD?


That's one thing I would not get unless you have a job already lined up.

Throwing 100-200k at that degree is very risky.

Tbh, id learn a trade. Become a master electrician or something along those lines. It would probably be the quickest way to owning your business and making 200k. Those types of jobs are becoming very high paid because no one grows up now wanting to become an electrician or being able to use their hands.
Posted by MasterKnight
Louisiana
Member since Jan 2016
1131 posts
Posted on 10/12/17 at 9:55 am to
My friend is a landman and he works in Colorado. He has been doing it the last 5 years and he is making over $70K a year. He says it is easy once you get the system down. He also runs a side business with a few friends of his. He may work long hours on some days but others might be just for a few. He enjoys it and his biggest time is spent looking at reports but the money is good for him.
Posted by Norla
Member since Aug 2016
370 posts
Posted on 10/12/17 at 10:19 am to
I've been a Landman 16 years. I've worked both Contract Field position, and In-House jobs in downtown Houston, and Pittsburgh PA. Probably spend 300 nights a year on the road, but I'm divorced with no kids so it doesn't bother me to travel. I've had years where I made over $200k, and years I haven't made $70k, it's just part of the Oil and Gas Roller Coaster.
Posted by TheIndulger
Member since Sep 2011
19239 posts
Posted on 10/12/17 at 10:25 am to
Just bite the bullet and get a PETE degree instead
Posted by CharleyLake
Member since Oct 2006
1327 posts
Posted on 10/12/17 at 10:25 am to
Does a landman have the authority to negotiate compensation for a pipeline easement? Does he simply deliver a proposal and is he required to deliver counter offers back to the company he represents?

I was contacted by SunCoast Land Services from Lafayette.
Posted by Collegedropout
Where Northern Mexico meets Dixie
Member since May 2017
5202 posts
Posted on 10/12/17 at 12:01 pm to
Apparently Western Colorado will let you get a PLM degree in 1 year if you already have a bachelors. I might just do that.
Posted by Marlbud
Member since Jun 2017
964 posts
Posted on 10/12/17 at 12:16 pm to
Depends on the client he is representing.
Posted by ragincajun03
Member since Nov 2007
21443 posts
Posted on 10/12/17 at 12:22 pm to
quote:

Does a landman have the authority to negotiate compensation for a pipeline easement? Does he simply deliver a proposal and is he required to deliver counter offers back to the company he represents?

I was contacted by SunCoast Land Services from Lafayette.


Anyone who either the operator of the pipeline and/or the company they broker out to chooses can negotiate on their behalf.

Is he required to deliver counter offers? I suppose since he’s self employed, he can do what he wants, but if he doesn’t and they find out, he’ll have to find new work elsewhere.
This post was edited on 10/12/17 at 12:25 pm
Posted by Beefherinthequeefer
;)
Member since Jan 2008
37689 posts
Posted on 10/12/17 at 12:24 pm to
My whole family are Landmen. It’s nice. Don’t do it if you want a career
Posted by ragincajun03
Member since Nov 2007
21443 posts
Posted on 10/12/17 at 12:25 pm to
quote:

My whole family are Landmen. It’s nice. Don’t do it if you want a career


Ignorant statement is ignorant.
Posted by Beefherinthequeefer
;)
Member since Jan 2008
37689 posts
Posted on 10/12/17 at 12:29 pm to
Not really
Posted by Collegedropout
Where Northern Mexico meets Dixie
Member since May 2017
5202 posts
Posted on 10/12/17 at 12:30 pm to
My uncle has made it a fine career. I don't see the problem as long as you aren't an idiot with managing money.
Posted by Collegedropout
Where Northern Mexico meets Dixie
Member since May 2017
5202 posts
Posted on 10/12/17 at 12:30 pm to
Do you have a Lafayette PLM degree?
Posted by Beefherinthequeefer
;)
Member since Jan 2008
37689 posts
Posted on 10/12/17 at 12:31 pm to
Is he in house?
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