An important aspect of gas title process- Professionals involved in the gas title process
The thorough researching of who owns the oil and gas field land and obtaining permission to use it is a process of getting oil and gas title. How do landowners or interested parties find each other? They see each other through several trained professionals who act as a link between the landowner and the involved parties.
Involved professionals are
- Land manager- Number of professionals has their role in the in-depth examination, and one such professional island manager. The land manager, head of the process, brings together every detail in a single place so that no details are missed while making the final decision. They even act as administrators, coordinating efforts between landsman, attorneys, title examiners, and all other professionals so that all the steps are completed in an effective and efficient manner.
- Field landsman- The agent on front lines who acts as a negotiator between the oil and gas companies and the landowners are called field landsman. Their job is to secure deals at the best possible prices. The task of researching property ownership, entire title work, and examination of legal records is also conducted by field landsman. For conducting research in an organized way, they can take the help of a land technician.
- Title attorney-All the legalities related to land management are specially and mentioned explicitly in attorneys of oil and gas companies. These attorneys act as a representative of oil and gas companies in case of any land disputes. Thus, the title attorney professionals help to obtain a legally valid clear title attorney with no vague statement.
- Abstractor- All the physical or digital image cards of survey related to title transfers, inheritance, and conveyances along with any judicial proceedings are called abstractors and are related to title work. All the documentation of attorneys are submitted to make sure that all the necessary information is included. Sometimes the task of abstractor is done by landsmen.
- Leasing agent-The leasing agent and the landsmen are one and the same as they both act as a communicator between oil and Gas companies and the public. Most of the leasing agents have a real estate background. It is important for a leasing agent to specialize in mineral rights knowledge. What exactly they have to do? They have to persuade the landowners to lease their land to a particular oil and gas company. Implying, they must have good persuading powers.
These were some of the professionals involved in the process of obtaining the gas title. They play a very crucial part in obtaining the gas title. Oil and gas companies must contract with good professionals as the entire viability of their project depends upon them. If these professionals conduct a faulty examination, the company might suffer a huge loss. For example, if the landsman is a person who can be easily influenced in that case, the landowner will influence him and charge the price according to their wish; in this case company won’t be getting the deal at best possible price and the economic viability of the project will be hampered. Thus, the companies must not only choose landsmen wisely but also all other professionals involved as all of them are significant for the examination.
