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GodOfFire · 08-04-2011, 06:51 PM

This mineral rights thing is no joke. A friend of mine inherited mineral rights and had no idea until his aunt called to tell him that an exploration company was tapping the land. The current land owner was not happy but he was getting a check every quarter for the lease of the land and if the slight long shot hit and it became a usable well he would get substantially more money on a monthly basis on the life of that well.

Well many people think they don't have oil fields in their area but as someone mentioned the natural gas folks are going crazy right now and new technologies are allowing them to tap into areas they have not been able to use before.

08-04-2011, 06:51 PM	#16
GodOfFire Adjusting to the Life Join Date: Oct 2008 First Name: Jackie Location: Georgia Posts: 287 Trading: (10)	Re: Any advice on buying land? This mineral rights thing is no joke. A friend of mine inherited mineral rights and had no idea until his aunt called to tell him that an exploration company was tapping the land. The current land owner was not happy but he was getting a check every quarter for the lease of the land and if the slight long shot hit and it became a usable well he would get substantially more money on a monthly basis on the life of that well. Well many people think they don't have oil fields in their area but as someone mentioned the natural gas folks are going crazy right now and new technologies are allowing them to tap into areas they have not been able to use before.