Wyoming Real Estate Salesperson Exam — All Questions

A Wyoming statement of consideration filed with a deed is:

• a.indexed and open to public inspection
• b.published annually by the department of revenue
• c.available to any licensee on written request
• d.confidential and not a public record✓

It is held confidential by the county clerk, county assessor, the boards of equalization and the department of revenue, is not subject to discovery in other proceedings, and may be shown only to a person reviewing or contesting his own assessment. Cite: Wyo. Stat. §34-1-142(e).

Wyoming law declares the ownership of all pore space in the strata below the surface to be vested in:

• a.the owners of the severed mineral estate
• b.the owners of the surface above✓
• c.the state of Wyoming as trustee
• d.the holder of the most recent oil and gas lease

A conveyance of the surface carries the pore space unless it was previously severed or is explicitly excluded. For priority of subsurface uses, however, the severed mineral estate stays dominant whoever owns the pore space. Cite: Wyo. Stat. §34-1-152(a)-(b), (e).

Before beginning oil and gas operations on a Wyoming split estate, the operator must give the surface owner written notice of the proposed operations:

• a.at least 10 days before operations commence
• b.no more than 60 days nor less than 14 days before operations commence
• c.no more than 180 days nor less than 30 days before operations commence✓
• d.at any time before the drilling permit is approved

The notice must disclose the plan of work well enough for the surface owner to evaluate its effect, and must include proposed dates, facility locations and access routes, operator contact information, an offer to negotiate in good faith, and a copy of the act. A separate five-day notice applies to nonsurface disturbing activities. Cite: Wyo. Stat. §30-5-402(b), (e).

When a Wyoming oil and gas operator posts a surety bond instead of obtaining the surface owner's consent or a surface use agreement, the bond must be at least:

• a.$1,000 per well site
• b.$25,000 per well site
• c.$100,000 for the whole field
• d.$10,000 a well site✓

A blanket bond covering operations on one surface owner's land is also permitted, but it too must be at least $10,000 per well site, and the minimum is expressly not a measure of reasonable and foreseeable damages. Cite: Wyo. Stat. §30-5-404(b).

Wyoming's surface damage and disruption payments to a surface owner:

• a.may not be severed from the land surface✓
• b.may be assigned to the mineral lessee at closing
• c.may be sold separately as a royalty interest
• d.pass to the operator once reclamation is complete

The payments cover loss of production and income, loss of land value and loss of the value of improvements on land directly affected by the operations. An operator who misses an installment under an annual damage agreement owes twice the unpaid installment if it stays unpaid 60 days after notice. Cite: Wyo. Stat. §30-5-405(a)(iii), (b).