How to Get an Oil Well Drilled on Your Property
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- เผยแพร่เมื่อ 1 ส.ค. 2024
- How do you get someone to drill an oil or gas well on your property?
The short answer is, "You can't." This video explains why you can't just call Exxon (or another company) and ask them to drill a well on your property. However, there is an exception that we will also cover. In some areas, there is a slight possibility that you can spur interest in drilling.
To get an offer on your oil and gas royalties and mineral rights, visit bluemesaminerals.com.
Questions? Ask the comments!
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Thank you for this video. My grandparents passed on 40 acres to my parents and they discovered natural gas back in 2006 but nothing was ever done about it. Our issue is trying to find a small operator that will actually be willing to work with us.
That's a big challenge. Generally, mineral owners have to wait for someone to offer a lease. The exploration company has to believe that there is enough oil or gas to profitably extract. You could check with any off-set operators.
Hello. Love Love Love the videos you put out. Here is my question my family has land that has oil and gas on it. The reason I know is because companies has drilled and the 90s and in 2015 a company reached out to my grandmother. Could we reach back out to these companies? Also we have over 200 family owners I believe in this land 😂😂 most of them I know and a lot I don’t. Is there a percentage of them we need to gather up in order to make things happen on this land?
There isn't enough info for me to really answer your question. If you own mineral or royalty interest and there are producing wells on the property, you should receive royalties (unless there is a title defect or the minerals are in suspense for some reason). You can reach out to these companies ask them if you should be in "pay status." If I were you, I would start by checking on the status of any wells on the property (they may or may not be producing anymore). Here is a video of how to do this in Texas. Most states have similar websites where you can view oil and gas development. th-cam.com/video/PAfHHmByY2I/w-d-xo.html
We keep waiting and waiting they’re flying helicopters over constantly we keep getting letters from company’s wanting our mineral rights they told our neighbors they’re gonna put a well on our property it’s weird it seems like the people who own the actual property are the last to know it’s like they want you to sell to a company they don’t wanna lease they wanna own lol
Thank you Danna! I’m buying a quarter 160 acres in Hodgeman County Kansas. Mineral rights are intact with the sale. This family has owned this property forever and never explored or should I say, never contacted by an oil company. My neighbor has an active oil pump about a 100 yards from our north property line. Is there something on the pump indicating the oil company associated with the lease?
I'm not sure. There might be. Otherwise you can find it on KGS's interactive map at maps.kgs.ku.edu/oilgas/index.html.
Thank you very much! A lot of info!
Currently looking at buying a property (I'd get mineral rights if i buy) that has a oil drill on it, however there's no record of a lease for the drill. Does that mean no company is currently getting oil from it?
It depends on where it's located and when the well was leased/drilled. You can look up the legal description using the state's oil and gas regulatory agency's GIS map. What state and county is the property in?
@@BlueMesaMinerals texas, atascosa county
@@homerpimpson7169 You can look up the legal description using gis.rrc.texas.gov/GISViewer/. Click on the magnifying glass icon, then select Surveys and enter the legal description. You can also get a general idea from this heat-map on ShaleXP: www.shalexp.com/texas/atascosa-county. Just keep in mind the red areas could be old, plugged wells, or producing wells. You really have to use the GIS viewer to look at your specific property.
@@BlueMesaMinerals thank you so much
How do I make them leve
Who do you want to leave? The operator an oil or gas well? If so, you may not be able to make them leave if there is an active lease for your mineral rights. Leases are generally in effect until there is no longer well producing economic quantities of oil and gas, but the specific terms should be spelled out in your lease.
I have a oil well and the company won't send me a new lease and they won't leve
Is the property under a lease (perhaps held by production from an older well)?