I wonder if there is any oil under my backyard?

newguy88 · 04-22-2008, 08:40 PM

Just got to thinking, Maybe we put a drill out back and look for oil. The ground is real sandy, kinda like the saudi desert.

Yes drinking on a tuesday evening. Er what a great thing.

Notmuchlonger · 04-22-2008, 08:47 PM

Ya go outside and start digging. Let us know.

ERD50 · 04-22-2008, 09:47 PM

Quote:

Originally Posted by newguy888

Yes drinking on a tuesday evening.

Well, you already struck ethanol!

-ERD50

Johnphx · 04-22-2008, 09:59 PM

I am not sure it would matter in alot of instances.

I know in our subdivision, even though the houses and land were sold to us (although we all just rent our land from the government), the mineral rights (including any oil or natural gas deposits) were not.

Kind of crazy when you think of that.

bbbamI · 04-22-2008, 10:00 PM

We can't drill for oil, or raise chickens.

Rambler · 04-22-2008, 10:55 PM

Yeah, if you are in a subdivision you don't get the mineral rights...or even the water rights, usually.

But I see you are having fun thinking about it...

R

Notmuchlonger · 04-22-2008, 10:56 PM

Wonder how deep Newguy is now?

youbet · 04-22-2008, 11:41 PM

off the deep end?

Wags · 04-23-2008, 12:12 AM

YouTube - The Beverly Hillbillies 1962, 1971

GOD BLESS US ALL

newguy88 · 04-23-2008, 09:07 AM

Quote:

Originally Posted by Notmuchlonger

Wonder how deep Newguy is now?

Been digging a hole for a tree today, no oil yet.

Grizz · 04-23-2008, 09:42 AM

My dad is 70 this yr and 2 years ago he was surprised when he started receiving cheques for royalties on a long abandoned but recently re-opened natural gas well that he didn't even know about. It turns out that my grandfather, who died in 1970, and his brother somehow acquired mineral rights to this quarter section of land. My dad and his 2 siblings and their cousin have to date split about $90K. The cheques are very irregular in timing and amount, but a nice surprise every time one shows up. Dad doesn't need the cash, but he has a motorhome that gets about 9 mpg that goes to Arizona every year. He did a bit of research and it would seem that at least in Canada, a land owner can no longer buy mineral rights.

ronin · 04-23-2008, 09:46 AM

I actually got an offer from Texaco on the oil under my property. They intended on slant drilling from a site several blocks away. Apparently there is enough oil under our neighborhood to be worth their while. I refused their offer as insultingly low. Never heard back. Wouldn't be suprised if they were secretly siphoning me dry as we speak.

Grizz · 04-23-2008, 12:11 PM

Quote:

Originally Posted by ronin

I actually got an offer from Texaco on the oil under my property. They intended on slant drilling from a site several blocks away. Apparently there is enough oil under our neighborhood to be worth their while. I refused their offer as insultingly low. Never heard back. Wouldn't be suprised if they were secretly siphoning me dry as we speak.

I've got a cousin who is a "land man". These are the folks who represent the oil company in negotiating with the land owners (usually farmers) for things like building temporary roads on their property, compensation for noise, loss of income from the farm land, etc. As you can imagine, it can be a very dangerous job. With the relatively new directional drilling technology, it gave the oil company the advantage since if a farmer doesn't accept their terms, they can set up at the neighbors place and go exactly where they wanted to in the first place.

lazygood4nothinbum · 04-23-2008, 12:23 PM

we don't have oil under our florida houses but many of us do sit on top of an aquifer which i tap by well. when water restrictions kick in, it is not just the tap water people who get affected: florida controls my use of even the well water.

Khan · 04-23-2008, 01:21 PM

When my parents lived in Gulf Shores, AL they were getting regular checks for mineral rights (natural gas I think).

JohnDoe · 04-23-2008, 01:42 PM

I loaded up on gasoline when it was under $2/gal. I bought 3000 gallons. Plus I feel I'm doing my part to keep the earth 'green' by recycling all those gallon milk cartons.

04-22-2008, 08:40 PM	#1
newguy88 Thinks s/he gets paid by the post Join Date: Nov 2005 Posts: 2,119	I wonder if there is any oil under my backyard? Just got to thinking, Maybe we put a drill out back and look for oil. The ground is real sandy, kinda like the saudi desert. Yes drinking on a tuesday evening. Er what a great thing.

04-22-2008, 08:47 PM	#2
Notmuchlonger Thinks s/he gets paid by the post Join Date: Dec 2007 Posts: 2,986	Ya go outside and start digging. Let us know. __________________ Call the troops out in a hurry. This is what we've waited for. This is it boys, this is war.

04-22-2008, 10:00 PM	#5
bbbamI Thinks s/he gets paid by the post Join Date: Dec 2006 Location: Dallas Vicinity Posts: 1,810	We can't drill for oil, or raise chickens. __________________ If you think pleasure in life is over-rated, you haven’t been pleasured enough.

04-22-2008, 10:56 PM	#7
Notmuchlonger Thinks s/he gets paid by the post Join Date: Dec 2007 Posts: 2,986	Wonder how deep Newguy is now? __________________ Call the troops out in a hurry. This is what we've waited for. This is it boys, this is war.

04-22-2008, 11:41 PM	#8
youbet Thinks s/he gets paid by the post Join Date: Mar 2005 Posts: 4,385	off the deep end? __________________ Over all was the silence of the wilderness - Sigurd Olsen

04-22-2008, 09:59 PM	#4
Johnphx Recycles dryer sheets Join Date: Apr 2008 Posts: 53	I am not sure it would matter in alot of instances. I know in our subdivision, even though the houses and land were sold to us (although we all just rent our land from the government), the mineral rights (including any oil or natural gas deposits) were not. Kind of crazy when you think of that.

04-22-2008, 10:55 PM	#6
Rambler Full time employment: Posting here. Join Date: Jul 2007 Posts: 741	Yeah, if you are in a subdivision you don't get the mineral rights...or even the water rights, usually. But I see you are having fun thinking about it... R

04-23-2008, 09:42 AM	#11
Grizz Recycles dryer sheets Join Date: Jun 2007 Posts: 258	My dad is 70 this yr and 2 years ago he was surprised when he started receiving cheques for royalties on a long abandoned but recently re-opened natural gas well that he didn't even know about. It turns out that my grandfather, who died in 1970, and his brother somehow acquired mineral rights to this quarter section of land. My dad and his 2 siblings and their cousin have to date split about $90K. The cheques are very irregular in timing and amount, but a nice surprise every time one shows up. Dad doesn't need the cash, but he has a motorhome that gets about 9 mpg that goes to Arizona every year. He did a bit of research and it would seem that at least in Canada, a land owner can no longer buy mineral rights.

04-23-2008, 09:46 AM	#12
ronin Recycles dryer sheets Join Date: Oct 2003 Posts: 442	I actually got an offer from Texaco on the oil under my property. They intended on slant drilling from a site several blocks away. Apparently there is enough oil under our neighborhood to be worth their while. I refused their offer as insultingly low. Never heard back. Wouldn't be suprised if they were secretly siphoning me dry as we speak. __________________ a surfer who hasn't wised up to the importance of hard shoes....

04-23-2008, 12:23 PM	#14
lazygood4nothinbum Thinks s/he gets paid by the post Join Date: Feb 2006 Posts: 3,783	we don't have oil under our florida houses but many of us do sit on top of an aquifer which i tap by well. when water restrictions kick in, it is not just the tap water people who get affected: florida controls my use of even the well water. __________________ "off with their heads"~~dr. joseph-ignace guillotin "life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901

04-23-2008, 01:21 PM	#15
Khan Thinks s/he gets paid by the post Join Date: Aug 2006 Location: Greater Dayton area Posts: 3,152	When my parents lived in Gulf Shores, AL they were getting regular checks for mineral rights (natural gas I think). __________________ "Candle wax and red wine can do interesting things to a keyboard."

04-23-2008, 01:42 PM	#16
JohnDoe Recycles dryer sheets Join Date: Dec 2006 Posts: 262	I loaded up on gasoline when it was under $2/gal. I bought 3000 gallons. Plus I feel I'm doing my part to keep the earth 'green' by recycling all those gallon milk cartons.

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