Oil and Gas Production and the Environment
About This Class
This course will provide students with an understanding of the future of petroleum as a resource, the framework of conservation law and property law used to produce and regulate oil and gas, and the externalities of production. The course reviews the nature of the oil and gas lease used in the U.S. on private lands and on public lands, including federal offshore leases. The course will look at how best practices, sustainable development, and social issues, including human rights, are treated in the domestic and international law affecting oil and gas production. Additional topics include the role of FERC in regulating gas markets and pipelines and selected issues in shale oil and gas development in the U.S. A review of the major contracts used to explore for and produce oil and gas in the U.S. and internationally. The course covers leasing practices on public lands in the U.S. and the acquisition of host government contracts from foreign governments, and provides an understanding of the future of petroleum as a resource, the technology used to produce it, and the externalities of production.