Oil & Gas Landman Salary
An Oil & Gas Landman earns an average salary of $96,017 per year. Most people move on to other jobs if they have more than 10 years' experience in this career.
Job Description for Oil & Gas Landman
Oil & gas landmen work primarily for energy companies. Permission is needed from landowners prior to conducting these jobs, so these landmen must conduct research to determine the land's rightful owners and to whom the mineral rights belong, as these are not always owned by the same entities. As such, negotiation skills are highly beneficial in this position.Read More...
Strong communication skills are important to work well with others, including bargaining with landowners to settle a payment scheme. Landmen may aim to purchase or lease the land depending on the company's needs, and negotiations may focus on things such as fixed payments, royalty percentages, bonuses, and payment per area. It is important to reach deals which are favorable for the company while still respecting all rights of the landowner.
Oil & gas landmen must have in-depth knowledge of contracts for this position, and it may occasionally be necessary to work with attorneys. Regular travel is required to survey land, and a bachelor's degree in a relevant field may be a minimum requirement for this position. Some companies prefer landmen who have a degree in petroleum land management.
Oil & Gas Landman Tasks
- Coordinate field exploration activities.
- Assess the cost of oil and gas wells and monitor production rates to improve exploration processes.
- Oversee the work of technical staff and supervise geological procedures necessary to identify exploration sites.