Hi guys I'm new here, this is my first. Also i thought I'd start off with an introduction. My name is Colin and I'm from Houston, Tx, and my family and I own 10 acres of land in East Texas, Tyler county. The property is near Colmesneil, Tx. We do own the mineral rights to the land.
So I got the idea of drilling there cause I saw rigs around there, and what else is there to do with the land? Here comes the questions.
Would oil drillers be interested in looking at 10 acre piece of land, to see if something is there?
If so where would I start to look for a drilling company?
Should always have an attorney present? should i have them negotiate/communicate to them for me?
That's all I can think of for now! Thanks!
The Oil and Gas Company (O & G) will come to you if they see an opportunity on your land. If the O & G comes to you, seek an attorney who has a specialty in O&G in your County. I am a landowner leased in North Louisiana. They came to me. If you get a lease request hire an attorney who knows the area. Is the area already in a play? Is the area near an existing play? These determine negotiation for price per acre on your land.
I wish you good luck and patience.
Thanks I appreciate the information! I thought you could hire seismic testing, to see what's down there. There is Derricks nearby, and I would LOVE to put one on my land. We gotta try to utilize our land one way or another.
It's probably not a good idea right now to try any of this right now, as in petroleum industry wise the price of oil is way tooo low. its take me 25$ to fill the tank in my car!