Petroleum Landman Salary
A Petroleum Landman earns an average salary of $83,337 per year. People in this job generally don't have more than 10 years' experience.
|Salary||$55,000 - $130,000|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$55,752 - $157,812|
Job Description for Petroleum Landman
Most of the time, petroleum landmen (or petroleum land workers) work for gas and oil exploration companies. They acquire subsurface mineral rights from owners on behalf of their company. They must make sure that their company legally owns the rights to the minerals that are found on the ground during exploration. They are involved in negotiating business agreements related to mineral rights with landowners.Read More...
Employers usually require that petroleum land workers have a bachelor’s degree in business, energy management, or another relevant field. However, some companies may accept candidates with significant years of experience as petroleum land workers in lieu of a bachelor's degree requirement. They must have computer skills and should be knowledgeable in mapping software. Due diligence is required to make sure that they deal with the right property owners. Petroleum land workers must have experience with land ownership and land titles. They are required to understand legal contracts between their company and landowners related to exploration and mineral rights. They must work closely with their company’s legal counsels. Some companies prefer to hire candidates with law degrees, since contracts related to mineral and exploration rights are very complex.
They are required to travel. They must have excellent written and oral communication skills. They must have interpersonal skills. They must be able to work in a team environment. They must keep themselves up to date with changes in government rules and regulations related to oil and mineral exploration. They may have to communicate with environmental groups. They may have to train new or more junior petroleum land workers.
Petroleum 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.
Key Stats for Petroleum Landman
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