How to Get Oil Companies to Drill On Your Land

If you own mineral rights in the United States, you may be sitting on a potentially large stream of income. Thousands of property owners across the country have contacted oil companies and investors in order to drill and profit from the precious minerals in Earth. This is your guide on how to get oil companies to drill on your land too.

In general, this is accomplished one of two ways: by selling or leasing mineral rights. In this article, we are going to explore the pros and cons of selling or leasing your mineral rights as you seek to find an answer on how to get oil companies to drill on your land too.

Selling Your Mineral Rights

When you sell your mineral rights, an interested party becomes the owner of your property’s subsurface and has the right to explore it for valuable minerals. Aren’t you selling directly to the oil company? Then, the buyer likely has plans to start or continue a drilling operation.

Pros of Selling Your Mineral Rights

Mineral rights sales are generally settled with large lump sums of cash.
The sale of mineral rights is eligible for a 1031 exchange, which can be used to strategically acquire another property without the income tax.
You will no longer have to pay taxes on your mineral rights or oil royalties.

Cons of Selling Your Mineral Rights

Your mineral rights have the potential to become more valuable in the future.

Leasing Your Mineral Rights

Alternatively, if you do not want to give up your mineral rights entirely, you have the option to sign an oil and gas lease. In a mineral rights lease, you can sign a temporary agreement. This is to let an oil and gas company explore, procure, and sell minerals from your property.

Pros of Leasing Your Mineral Rights

You may receive an initial bonus, and signing payment.
If the production is successful, you will earn oil or gas royalties on the precious minerals produced.
You still maintain ownership of your mineral rights and have only agreed to the temporary exploration of the site.

Cons of Leasing Your Mineral Rights

Leases dependent on large oil production levels may not cash out as well as expected
Oil lease ownership can change hands without your involvement.

Contacting the Right People

Once you have decided whether a lease or sale is best for your mineral rights, then it becomes time to get into contact with the right people. There are many companies and individuals who are going to be interested in acquiring the right to drill on your land for oil or gas, so it is important to work with someone you can trust. Ranger Minerals is a Texas-based company with over 100 years of combined industry experience that can help with mineral rights transactions all across the country.

Dean says:

March 3, 2022 at 6:54 pm

I’m looking for knowledge and information in leasing mineral rights.

Bill says:

March 13, 2022 at 12:40 pm

We have 655 acres near Robert Lee. Wolf Camp area. We leased our minerals to Devon energy about 5 years ago for $800 acre.
Was thinking about leasing again. I heard Devon merged or sold.
Regards bill

Brad Dreiling says:

March 18, 2022 at 8:41 pm

My wife has mineral rights to 1,000 acres in Benkelman, NE. She was receiving royalties from Forrest Oil. We are trying to get information on the possibility of drilling on the land.

Thanks

Brad

John says:

March 23, 2022 at 11:22 am

I own the mineral rights to land that is rich in natural gas in Alabama. Gas wells border my property and still pumping from the 90s. Looking for someone interested in taking a look

Scott says:
November 26, 2023 at 8:31 am

I also have land in Alabama am looking for the name of a good company to drill for natural gas on my land

Gregory Bailey says:

March 29, 2022 at 2:45 pm

I am Looking for An Operator to Drill for Oil On Some Property that I own. Now I know that it would Cost $300,000 to $ 500,000 Thousand Dollars to Drill! I would Gladly go 50/50 for some one to do this Job for me. I have Approximately 1200 Acres of Land.

Tom Hagan says:

April 27, 2022 at 1:38 pm

Do you have names of oil companies and contact names or info. I have some land in Louisiana

marcia h says:

November 3, 2022 at 2:01 pm

Interested – have leased before, active acreage in Bosco Field, Louisiana.

Armand dellovade says:

February 18, 2023 at 11:25 am

Oil and gas drilling on my land

James Paul says:

July 9, 2023 at 11:05 am

My brother and I have 10 acres that heavily produced oil years ago . Several wells were removed when we moved on the property . There are wells all around us pumping now to this day. We want to get someone to maybe tap back in and start producing again. Thanks for your time and help with this matter.