Copyright

Salary and Career Info for a Petroleum Landman

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. At one time, no formal education was required to become a petroleum landman; however, most people entering the field today have an undergraduate degree in business, energy management, or a related field.

View 2 Popular Schools »

Petroleum Landman Salary Information

According to PayScale.com, the majority of petroleum landmen earn between $48,000 and $131,600, as of November 2013, including base pay as well as bonuses. PayScale.com noted that those workers with one to four years of experience earned between $38,700 and $97,800 annually, while individuals with five to nine years' experience earned $69,900 to $154,000 a year.

Career Information

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.

Education

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.

Certification

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.

Show me popular schools

Related to Salary and Career Info for a Petroleum Landman

  • Related
  • Recently Updated
  • Popular
Business Essentials I Certificate: Program Overview

Business essentials certificate programs can help students develop proficiencies in the theories and practices of marketing,...

Turn Off the Juice: Schools Fight Back Against Wasteful Energy Consumption

'Going green' has become an oft-repeated catchphrase in the last few years, but it's one of those rare phenomena that's both...

Top Business School - Omaha, NE

The University of Nebraska at Omaha is a 4-year public school located in Omaha, NE. It is one of the top business schools in...

Top Ranked Business School - Atlanta, GA

Emory University, located in Atlanta, Georgia, is a top-ranked research university that was founded in 1836. Emory University's...

How to Start a Business While in College

Popular Schools

Other Schools:

  • School locations:
    • California (1 campus)
    Areas of study you may find at Stanford University include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Undergraduate: Bachelor
    • Engineering
      • Aeronautical and Astronautical Engineering
      • Biomedical and Medical Engineering
      • Chemical Engineering
      • Civil Engineering
      • Electrical Engineering and Electronics
      • Environmental Engineering
      • Industrial Engineering
      • Materials Engineering
      • Math
      • Mechanical Engineering
      • Petroleum Engineering
      • Systems Engineering
  • School locations:
    • Utah (1 campus)
    Areas of study you may find at University of Utah include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Post Degree Certificate: Post Master's Certificate, Postbaccalaureate Certificate
      • Undergraduate: Bachelor
    • Engineering
      • Biomedical and Medical Engineering
      • Chemical Engineering
      • Civil Engineering
      • Computer Engineering
      • Electrical Engineering and Electronics
      • Engineering Mechanics
      • Environmental Engineering
      • Geological Engineering
      • Materials Engineering
      • Math
      • Mechanical Engineering
      • Metallurgical Engineering
      • Mining Engineering
      • Nuclear Engineering
      • Petroleum Engineering
  • School locations:
    • Wyoming (1 campus)
    Areas of study you may find at University of Wyoming include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Non-Degree: Certificate
      • Post Degree Certificate: Postbaccalaureate Certificate
      • Undergraduate: Bachelor
    • Engineering
      • Chemical Engineering
      • Civil Engineering
      • Computer Engineering
      • Electrical Engineering and Electronics
      • Engineering - Architectural
      • Environmental Engineering
      • Math
      • Mechanical Engineering
      • Petroleum Engineering
      • Surveying
  • School locations:
    • Texas (1 campus)
    Areas of study you may find at Texas Tech University include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Undergraduate: Bachelor
    • Engineering
      • Chemical Engineering
      • Civil Engineering
      • Computer Engineering
      • Electrical Engineering and Electronics
      • Engineering - Architectural
      • Engineering Physics
      • Environmental Engineering
      • Industrial Engineering
      • Manufacturing Engineering
      • Math
      • Mechanical Engineering
      • Petroleum Engineering
  • School locations:
    • Michigan (1 campus)
    Areas of study you may find at Wayne State University include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Post Degree Certificate: Post Master's Certificate, Postbaccalaureate Certificate
      • Undergraduate: Bachelor
    • Engineering
      • Biomedical and Medical Engineering
      • Chemical Engineering
      • Civil Engineering
      • Computer Engineering
      • Electrical Engineering and Electronics
      • Environmental Engineering
      • Industrial Engineering
      • Manufacturing Engineering
      • Materials Engineering
      • Math
      • Mechanical Engineering
      • Petroleum Engineering
      • Plastics Engineering
  • Areas of study you may find at Louisiana State University and Agricultural & Mechanical College include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Undergraduate: Bachelor
    • Engineering
      • Biological and Agricultural Engineering
      • Biomedical and Medical Engineering
      • Chemical Engineering
      • Civil Engineering
      • Computer Engineering
      • Electrical Engineering and Electronics
      • Environmental Engineering
      • Industrial Engineering
      • Math
      • Mechanical Engineering
      • Petroleum Engineering
  • School locations:
    • Oklahoma (1 campus)
    Areas of study you may find at University of Oklahoma Norman Campus include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Undergraduate: Bachelor
    • Engineering
      • Aeronautical and Astronautical Engineering
      • Biomedical and Medical Engineering
      • Chemical Engineering
      • Civil Engineering
      • Computer Engineering
      • Electrical Engineering and Electronics
      • Engineering - Architectural
      • Engineering Physics
      • Environmental Engineering
      • Industrial Engineering
      • Math
      • Mechanical Engineering
      • Petroleum Engineering
  • School locations:
    • Louisiana (1 campus)
    Areas of study you may find at University of Louisiana include:
      • Graduate: Doctorate, Master
      • Undergraduate: Bachelor
    • Engineering
      • Chemical Engineering
      • Civil Engineering
      • Computer Engineering
      • Electrical Engineering and Electronics
      • Industrial Engineering
      • Math
      • Mechanical Engineering
      • Petroleum Engineering

Popular Schools

Avg. Wages For Related Jobs

Source: Bureau of Labor Statistics