Prerequisites: RCC. Oil and Gas Law provides students with a survey of the law governing interests in oil and gas, including classification of property interests; conservation and administrative regulation of drilling and production; an examination of the oil and gas lease; conveyance; and pooling and utilization. The rights and responsibilities of the parties to the transaction and other affected persons during the various stages of the development process will also be examined. In the course of the semester, students will be exposed to documents and instruments that are integral to oil and gas transactions with attention given to their practical application. Grading will be based on class participation and a final examination.