Salary and Career Info for a Petroleum Landman
A petroleum landman requires a significant amount of formal education. Learn about the education and job duties to see if this is the right career for you.
Petroleum landmen work for gas and oil exploration companies. Their chief responsibility is getting permission to drill new wells, which includes drafting contracts, negotiating deals with individuals and companies, and ensuring compliance with governmental regulations. Most people entering the field today have an undergraduate degree in business, energy management, or a related field. They can get also industry certification through the American Association of Professional Landmen.
|Required Education||Bachelor's degree in business or energy management|
|Required Skills||Negotiating deals, drawing up contracts, completing financial reporting and project management tasks, and possessing communicative and persuasive abilities|
|Certification||Voluntary certification available|
|Median Annual Salary (September 2014)*||$75,935|
Petroleum Landman Salary Information
According to PayScale.com, the majority of petroleum landmen earned between $48,127 and $122,687 as of September 2014, including base pay and bonuses. At that time, the median salary in this field was $75,935.
A petroleum landman, often simply called a landman, is involved in scouting areas that could possibly hold oil. Once a petroleum landman has identified areas for drilling, he or she must negotiate contracts between the landowner and the oil and gas company. These contracts often include specifics concerning royalties, as well as a lease payment for the landowner. Communication and interpersonal skills are important since a petroleum landman is selling the idea of a lifetime lease to farmers, ranchers, and other landowners.
Oil and gas companies typically search for petroleum landman candidates who hold a degree in business or another area, such as energy management. An undergraduate energy management degree program generally includes foundational business courses and classes specific to the oil and gas industry. Core energy management courses might cover topics like petroleum geology, financial reporting, energy markets and structures, project management in the energy industry, and/or renewable energy.
Petroleum landmen can pursue voluntary certification through the American Association of Professional Landmen (AAPL), which offers the Registered Landman (RL), Registered Professional Landman (RPL), and Certified Professional Landman (CPL) designations (www.landman.org). Requirements vary for each level of certification, but, in general, they include meeting education and/or experience requirements, holding a current position as a landman, being sponsored by one or more registered or certified landmen and passing an exam. To renew their certification, petroleum landmen must meet continuing education requirements.
Related to Salary and Career Info for a Petroleum Landman
- Recently Updated
Learn about certificate programs in business essentials. Research the types of certificates available, their educational goals...
'Going green' has become an oft-repeated catchphrase in the last few years, but it's one of those rare phenomena that's both...
Students interested in studying business in Omaha have several schools to choose from. Read about the top school's degree...
Students interested in studying business in Atlanta have several schools to choose from. Read about the top school's degree...
- Top Business University - Charlotte, NC
- Top Business PhD Programs: School List
- Study Explores Student Views on the Future of Business
- Associate of Science (AS): Radiation Therapy Degree Overview
- Bachelor of Fine Arts (BFA): Computer Animation Degree Overview
- International Business Career Options
- Heating Technology: Diploma Summary