» I own a large tract of land, but the oil company has only drilled one well on my land.  What can I do?

I own a large tract of land, but the oil company has only drilled one well on my land. What can I do?

If the oil company fails to properly develop your mineral interests, you may be entitled to damages or equitable relief. A leaseholder has a duty to drill all wells that a reasonable and prudent operator would drill under the same or similar circumstances, with a reasonable expectation of profit. This duty to drill extends to already producing formations or strata, and also formations or strata other than the formations or strata from which production is being obtained, but which in reasonable probability exist and are known to be capable of production.

< Back to Oil and Gas Frequently Asked Questions

Website by SEO | Law Firm™, an Adviatech Company