Deciding on a Landman's Career
If you are in the midst of deciding what your career path will be, you may want to look into the possibility of becoming a landman. A landman is someone who does a variety of services for gas and oil exploration companies. His job entails a thorough research of title and land ownership as well as that of oil or mineral rights beneath the land surface, determining the status of the title, and working out difficulties in title defects. He is also in charge of preparing and negotiations of leases and contracts, oftentimes with other companies outside the one he works for.
Because he has a very diverse set of tasks to perform, a landman must have great mathematics and management skills, plus a lot of good people skills. A landsman may perform very well in his technical responsibilities, like making reports or contracts or computing payments, but without the ability to get along well with different sots of people, it would be very difficult for him to, for instance, convince a landowner to sell or lease his land or mineral rights.
Depending on the requirements of the association of professional landsmen in your country, becoming one may entail getting a degree or certification. At the very least, landsmen today secure jobs with land service companies with an undergraduate degree. This could be in the field of energy management or business, or related fields.
One of the attractions of becoming a landman is the lucrative pay that a landsman can make. In 2014, most landmen would make between $48,127 and $122,687. A company landman may make slightly more than an independent or field landman, with a median salary of $110,000 and $90,000 (2010 figures), respectively.
A company landman is one who works directly under the employ of an oil or gas exploration company. A field landman is hired by landmen brokers to provide services to client companies.
Some factors also play a part in determining the salaries for oil and gas landmen/landmen brokers.
Education is one. The higher the educational attainment of a landman, the higher also is the pay. For instance, a landman with a 4-year Bachelor's degree can earn a median salary of $100,000 while one with a high school education will have a salary of $90,000. One who has a PhD degree can earn as much as $152,000 median salary.
Another consideration by land service companies is experience. The more the experience, the higher is a landman's salary. This is regardless of whether he, or she for that matter, works for an energy company or a landman broker. Landmen with five years of experience and below can earn a median salary of $76,200 while one with more than 30 years' experience can receive as much as $150,000 median salary.
Other factors that can affect a landman's salary are certification, the region of employ, and gender. The higher the certification levels, the higher is the salary. Some regions have higher pay levels than others, depending on the level of activity in the area, the resources found, and the cost of living; these are all factored in.
A few female landmen or abstractors have found their way into the field, but so far, it is still a male-dominated field. Sadly, gender is also a deciding factor in the level of salary offered; men still get a higher pay then women do in this industry.