This class is designed to discuss the HBP status of a lease from two perspectives:
1) The state regulatory statutes; 2) The terms in the oil and gas lease.
We do not discuss legal aspects and remedies.
It is also designed with the in-house and title landman in mind as it pertains to putting a lease block together or making an acquisition or divestiture of production and/or oil and gas leasehold. The information is presented in a generalized fashion rather than focusing on any one state, although certain situations in individual states will be discussed from an example point of view.