Which defines the term "landman" according to Chapter 1702.324(a)?

Study for the Texas DPS PSB Qualified Manager Exam. Practice with flashcards and multiple choice questions. Each question includes hints and explanations. Prepare for your exam confidently!

The term "landman," as defined in Chapter 1702.324(a), pertains specifically to an individual whose primary role is to acquire or manage interests in petroleum. This definition highlights the specialized nature of the landman's work in the oil and gas industry, where they are often involved in negotiating leases, acquiring land rights, and managing relationships between landowners and petroleum companies. This definition is vital as it distinguishes landmen from professionals in other sectors such as real estate management, mining operations, or civil engineering. Understanding this definition is crucial for anyone studying the regulations surrounding private security and land management in the context of Texas law.

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