When was the last time you heard of an oil industry accident? Is there any other industry that has a safety record AS GOOD as the oil industry? How many people have died installing windmills?Do you think that we have the technology to control the Earth's climate but not enough to drill for oil safely?
We've had the technology for us to use vehicles without oil for decades now,
oil and polluting, and raping and pillaging make too much money, ok.Do you think that we have the technology to control the Earth's climate but not enough to drill for oil safely?
Anyone that truly believes the Energy Policy, Cap %26amp; trap etc. are anything other than a grab at your power and money in a further effort to eviscerate American Freedom and Liberty is an idiot!
Their policies are SO contrary to anything that makes sense, you would have to be a FOOL to believe anything thy say.
Should we have FRANCE run our power industry?They have had great success supplying France with 85% of their energy needs with clean efficient safe, non-polluting nuclear energy for a long time now.
I guess the USA isn't smart enough to do that.
By the way, T. Boone Pickens has more than 600 windmills he bought but no one wants. Maybe he and Nancy Pelosy will sell them to the next sucker they can find.
We don't have the technology to control the earths climate. We have the technology to minimize the damage we do. 2 different things.
LMAO! There are several massive oil spills every YEAR!
Why is it so difficult for you people to engage in an honest debate?
Are you the president of Exxon?
Wednesday, August 18, 2010
At what price per barrel of oil, does it become economically viable to operate a drill rig domestically?
Try to use academic or good sources in your answerAt what price per barrel of oil, does it become economically viable to operate a drill rig domestically?
The US has only about 8 years worth of oil reserves. After that, we'll be even more dependent on foreign oil, like 100% dependent. The wiki article at the link below if very informative.At what price per barrel of oil, does it become economically viable to operate a drill rig domestically?
If they had any sense, they would go ahead and drill here. The foreigners could withhold the oil from us at any time, then prices would shoot up again, even more, and that's if we could get it.
If we drill for our own oil, when we did buy from other countries, it would drive the price down, because we wouldn't really need it, and they would have a surplus.
Plus, why depend on others for our needs. They can drill now with minimal damage to the environment, and there is plenty in Alaska and off shore.
The conservationists will be ticked at themselves, and have America mad at them when they can't even pull their car out of the drive, because no one here has gas.
Or, when they can't afford food because what supplies that could be shipped, would have a tremendous charge added. But how are you going to pay for it if you can't get to work? It's just stupid to depend on others.
Somewhere in the mid 50s. Drilling has picked up soon after oil passed that price.
The US has only about 8 years worth of oil reserves. After that, we'll be even more dependent on foreign oil, like 100% dependent. The wiki article at the link below if very informative.At what price per barrel of oil, does it become economically viable to operate a drill rig domestically?
If they had any sense, they would go ahead and drill here. The foreigners could withhold the oil from us at any time, then prices would shoot up again, even more, and that's if we could get it.
If we drill for our own oil, when we did buy from other countries, it would drive the price down, because we wouldn't really need it, and they would have a surplus.
Plus, why depend on others for our needs. They can drill now with minimal damage to the environment, and there is plenty in Alaska and off shore.
The conservationists will be ticked at themselves, and have America mad at them when they can't even pull their car out of the drive, because no one here has gas.
Or, when they can't afford food because what supplies that could be shipped, would have a tremendous charge added. But how are you going to pay for it if you can't get to work? It's just stupid to depend on others.
Somewhere in the mid 50s. Drilling has picked up soon after oil passed that price.
So global warming melted the glacier in Alaska, now why shouldn't they drill for oil in the thawed parts?
Makes sense to me. The glacier receeded, now they have great places to drill for oil, places not available a twenty years ago. And finding oil there will help stop global warming, right?So global warming melted the glacier in Alaska, now why shouldn't they drill for oil in the thawed parts?
It wouldn't help the snvironment now would it?
To the best of my knowledge, none of the oil that goes through that ugly pipeline goes to the US anway! Doesn't it all go to Japan?
We need a few more Exxon Valdez dumps in Alaska. It's so good for all those animals up there.So global warming melted the glacier in Alaska, now why shouldn't they drill for oil in the thawed parts?
Efforts are still made only to prevent Global Warming.Being Research Engineers we have made an attempt to suggest a solution to Global Warming in the form of futuresystematization.
Visit www.geocities.com/futuresystem鈥?for my survey on ';Global Warming an approach to human survival'; Report Abuse
Luckily, not all the glacier are melted yet. But more importantly, the problem with drilling in Alaska is not that it would make the ice melt, but that it would heavily impact complex eco-systems. Even very cold regions and even glaciers have fauna, and any huge intervention in fragile cold areas of the world may have huge unforeseeable consequences.
The other issue is, we're already using up fossil fuels at a breakneck rate instead of finding ways to conserve energy. If there was the political will to truly change something, public transport could replace a lot of individual transportation by car, environmentally much more efficient trains could replace many flights (emissions from airplanes are especially destructive of the atmosphere), houses could be insulated and built in smarter ways to save on heating and make air-conditioning superfluous. There's *much* more that could be done.
So why is George W. in favour of drilling in Alaska? Well, his cronies are going to make huge profits once they're being given this business.
I don't get it...Why would you think that finding oil would stop global warming? One of the suggested reasons for increased global warming is emissions/pollution. Pretty much ALL uses of oil presently result in emissions.
The reason not to drill is to maintain the natural habitat and allow the species in these protected areas to continue to survive and proliferate.
There are other cheaper, more efficient, less polluting technologies available; not to mention vast other oil sources if people must insist on this type of fuel. In Canada alone, there is enough oil to support the entire world for another century.
It wouldn't help the snvironment now would it?
To the best of my knowledge, none of the oil that goes through that ugly pipeline goes to the US anway! Doesn't it all go to Japan?
We need a few more Exxon Valdez dumps in Alaska. It's so good for all those animals up there.So global warming melted the glacier in Alaska, now why shouldn't they drill for oil in the thawed parts?
Efforts are still made only to prevent Global Warming.Being Research Engineers we have made an attempt to suggest a solution to Global Warming in the form of futuresystematization.
Visit www.geocities.com/futuresystem鈥?for my survey on ';Global Warming an approach to human survival'; Report Abuse
Luckily, not all the glacier are melted yet. But more importantly, the problem with drilling in Alaska is not that it would make the ice melt, but that it would heavily impact complex eco-systems. Even very cold regions and even glaciers have fauna, and any huge intervention in fragile cold areas of the world may have huge unforeseeable consequences.
The other issue is, we're already using up fossil fuels at a breakneck rate instead of finding ways to conserve energy. If there was the political will to truly change something, public transport could replace a lot of individual transportation by car, environmentally much more efficient trains could replace many flights (emissions from airplanes are especially destructive of the atmosphere), houses could be insulated and built in smarter ways to save on heating and make air-conditioning superfluous. There's *much* more that could be done.
So why is George W. in favour of drilling in Alaska? Well, his cronies are going to make huge profits once they're being given this business.
I don't get it...Why would you think that finding oil would stop global warming? One of the suggested reasons for increased global warming is emissions/pollution. Pretty much ALL uses of oil presently result in emissions.
The reason not to drill is to maintain the natural habitat and allow the species in these protected areas to continue to survive and proliferate.
There are other cheaper, more efficient, less polluting technologies available; not to mention vast other oil sources if people must insist on this type of fuel. In Canada alone, there is enough oil to support the entire world for another century.
Does this video of Harry Reid ensure we will never drill for Oil in the USA?
Harry Reid, leader of the Democrats in the Senate, has confirmed that as long as the democrats are in the pockets of ';Big Environmentalist'; we will never drill for oil in the USA to increase supply. See the video at http://www.youtube.com/watch?v=SqR0Ui0g3鈥?/a>
What are your thoughts?Does this video of Harry Reid ensure we will never drill for Oil in the USA?
Coal makes us sick, then what are we doing about McDonald hamburgers, Coca-Cola, and all the prescriptions drugs that the liberals are taking. I think Harry Reid has no clue on what makes this nation run, and without the current production of fossil fuels we would go bankrupt.Does this video of Harry Reid ensure we will never drill for Oil in the USA?
Yes, because Harry Reid is the current king of America. Get real! Congress has to agree, and not all the Democrats in Congress agree with Harry Reid. They will also bow to their constituents opinions or be unelected.
';Coal makes us sick';
I think the only ones who are ';sick'; are our elected officials (clowns) for jumping into the ';global warming'; parade .
They are trying to bring our country to it's knees. The real question is, how long are the American people going to put up with this nonsense?
No.
Only a fool would mistakenly believe that an idiot like harry reid will be in office forever.
Sounds like Nevada needs to get rid of Reid. America would be better off without him.
What are your thoughts?Does this video of Harry Reid ensure we will never drill for Oil in the USA?
Coal makes us sick, then what are we doing about McDonald hamburgers, Coca-Cola, and all the prescriptions drugs that the liberals are taking. I think Harry Reid has no clue on what makes this nation run, and without the current production of fossil fuels we would go bankrupt.Does this video of Harry Reid ensure we will never drill for Oil in the USA?
Yes, because Harry Reid is the current king of America. Get real! Congress has to agree, and not all the Democrats in Congress agree with Harry Reid. They will also bow to their constituents opinions or be unelected.
';Coal makes us sick';
I think the only ones who are ';sick'; are our elected officials (clowns) for jumping into the ';global warming'; parade .
They are trying to bring our country to it's knees. The real question is, how long are the American people going to put up with this nonsense?
No.
Only a fool would mistakenly believe that an idiot like harry reid will be in office forever.
Sounds like Nevada needs to get rid of Reid. America would be better off without him.
Why do democrats block drilling and seem to want to keep oil expensive
i think its obvious that democrats have been bought out by the big oil companies, so i dont see why the media keeps giving them a big pass and meanwhile block republicans who are trying to get more drilling going, and lower the price of oil for struggling families!!Why do democrats block drilling and seem to want to keep oil expensive
The real answer is, the Dems want our econoy as bad as it can to ensure they win the presidency. Because if it is bad they will blame the GOP and Bush. If things improve they have nothing to stand on. Because the war in Iraq is going well. So the onnly other thing they can attempt to do is promis everyoe something for free. Like Healthcare etc. Which by the way isnt free the hardworkers on this country pay for it with there taxes. I feel sacrificing americans just to gain power is evil. Thats more corrupt than anything I have ever heard of I politics at this point.Why do democrats block drilling and seem to want to keep oil expensive
You have to be kidding, we have an Oil millionaire president another as Vice president and the Dems are bought by the oil companies? I suppose your going to blame the impending recession/depression on the next president and not the one breaking our economy right now hu? More drilling? how long do you think that can be sustained? Oil is going to be plentiful forever? How about some new tech? Do you know what new technology means? It means new and many more jobs!!!!
How about we take our government back and tell these oil companies we won't put up with your ';record breaking profits'; quarter after quarter after quarter any more, we want your profits to be less and our prices under control for regular people again! I'm not saying we put anybody out of work I'm saying that their PROFITS go down instead of growing exponentially and our prices come down so we can drive to work again!
Republicans who are going for Offshore drilling, Love high oil prices, this is the only way that can act like they care, all the while going for a plan that will not show one drop of oil for years, maybe even as long as 10 years...
Why not talk about how our oil currently being pumped is being exported to other countries...
Why not talk about the oil fields which are in land and just under developed...
I tell you why... Republicans (those who are wanting Offshore Drilling) Love High Oil Prices and will do whatever it take to make sure they stay HiGH!
Added...
It's funny how you said ';it's always convenient for dems to blame EVERYTHING on bush'; Funny because the person that placed the ban so many years back was Bush senior...
How is it possible to not blame this on Bush...
The oil corporations already have 68 million acres of leases they haven't drilled on yet. First explain to us all how giving them more new drilling sites today, if we could, will lower your gas prices tomorrow. I'll be waiting for your answer. While you're thinking about that answer, maybe you can tell us all why Bush held up the moritorium to ban drilling off the coast of Florida while his brother Jeb was governor of that state. Again, I'll be waiting for your answer to both. The reason why I ask them is because they are very important factors that your question doesn't come close to considering. BTW, the oil corporations have all contributed very heavily to McCain's campaign in the last 3 weeks. And, your question forgets the fact that McCain’s Tax Plan Gives Top Five Oil Companies $3.8 Billion A Year In Tax Breaks. According to a study conducted by the Center for American Progress, “The McCain plan would deliver approximately $170 billion a year in tax cuts to corporations, including some corporations that are very large and profitable. Just one of the proposals—cutting the corporate rate from 35 percent to 25 percent—would cut taxes for five largest U.S. oil companies by $3.8 billion a year.” [Center for American Progress, 3/27/08]
Hmm I wonder why they haven't done the same for Obama's.
Have a really nice evening.
I have no idea if they've been bought out, but it seems likely to me that Democrats just don't want to drill because that's what Republicans want.
And Bush certainly could have overturned the off shore drilling ban while we had a Republican congress, but 80% of the price increase happened during the Democrat congress.
It's all about the money, not what you save, but what they can take
from you...and the republicans get the bad rap... we didn't have this
economic meltdown until we got ourselves a democrat controlled
congress, a bunch that won't do anything but let the high price for petroleum roll on and on, higher and higher, they can reap the
wind fall of taxes while you and I do the paying!
Drilling will not lower the cost of oil. It will go on the international market and China will buy it at the same price they are paying now.
Blah blah blah blah blah.
Every fifth question is some con trying to sell offshore drilling and each time the answer is the same.
But true to form...it either never sinks in or they are under Rush's orders to repeat the question every fifteen minutes.
COME UP WITH A USEFUL CONTRIBUTION!!!!
There is a good deal of doubt that drilling in reserved areas will make much of an impact on price at the pump. Manipulation and profit taking are much more likely causes of the price run up.
That's hysterical. Both the president and the VP are oil men, and you think the *Democrats* have been ';bought out by the big oil companies';?! What version of reality is this?
President Bush could have lifted the executive ban on off shore drilling years ago when he had a Republican majority in congress. Doing it now is little more than a political ploy.
They want to 'save the planet'. I wish they had the same compassion where the American workers who gotta drive to work were concerned.
Because keeping 213 endangered species alive seems more important.
Cause they want people to suffer. The more suffering, the more dependents.
Ding ding ding we have it folks the all time stupidest thing ever posted on YA
well despite the above rant there are actual answers to all this. There are leases on millions of acres but its shear economics why they havent been drilled on. Not all oil costs the same to extract and much of it is so expensive to extract that it was not worth doing until the price reached a certain level. As far as the conspiracy poster Ann Coulters nemisis there are intelligent answers she doesn't understand. Like companies are meant to profit. If they didn't none of us would have jobs at all. Its dumb to talk about oil companies buying people out because they donate healthily to both parties and this information is widely available online and in print due to disclosure laws.
The media is giving the dems a pass because it is a liberal insitution itself and has an agenda. The liberals in america hate capitalism and american values like economic freedom. The reason oil costs so much is because they have artificially held down the supply of energy. There is more energy potential in coal reserves in the US than oil in the middle east. We have large percentages of the worlds untapped oil in our own country they wont let us drill. If we increase the supply or replace it with a substitute (ie nuclear energy) the price would fall with the increase of energy. American liberals are obsessed with the green movement and the ';greedy profits.'; the statistics from the center of american progress are like saying my two year old performed a scientifically accurate data survey..... they are a left wing ';think tank';
the envirmental movement is why gas prices are so high its simple. energy drives the economy and if the economy is bad people elect democrats because they promis to ';give us things'; be it ';free'; health care or anything else in the way of government expansion. if we cant function without the government and the dems are the ones making government run badly but getting elected they all have jobs. high energy alone may be enough to get us ';free healthcare'; and we will pay for it with the ';greedy profits'; earned by those ';evil corporations';.
I don't know what all the fuss is about. their has been drilling in Louisiana for years and it is known as the sportsman's paradise. I lived their all my life and all sorts of animal and plant life thrive their. The argument about endanger species etc do not hold water. As for oil spills we have had our share and guess what it always comes back to where it was before. Nancy Pelosi and the dems are totally wrong, I agree that we need alternatives but until then lets use what we have. Bring down the futures market by allowing the drilling and then lets go with the oil man T-bone Pickens he wants to make money in the future he has the right ideas. If we don't drill offshore the Chinese are planning to drill in international waters off our coast. Then we will have to give more of our money to the Chinese for their oil.makeup ideas
The real answer is, the Dems want our econoy as bad as it can to ensure they win the presidency. Because if it is bad they will blame the GOP and Bush. If things improve they have nothing to stand on. Because the war in Iraq is going well. So the onnly other thing they can attempt to do is promis everyoe something for free. Like Healthcare etc. Which by the way isnt free the hardworkers on this country pay for it with there taxes. I feel sacrificing americans just to gain power is evil. Thats more corrupt than anything I have ever heard of I politics at this point.Why do democrats block drilling and seem to want to keep oil expensive
You have to be kidding, we have an Oil millionaire president another as Vice president and the Dems are bought by the oil companies? I suppose your going to blame the impending recession/depression on the next president and not the one breaking our economy right now hu? More drilling? how long do you think that can be sustained? Oil is going to be plentiful forever? How about some new tech? Do you know what new technology means? It means new and many more jobs!!!!
How about we take our government back and tell these oil companies we won't put up with your ';record breaking profits'; quarter after quarter after quarter any more, we want your profits to be less and our prices under control for regular people again! I'm not saying we put anybody out of work I'm saying that their PROFITS go down instead of growing exponentially and our prices come down so we can drive to work again!
Republicans who are going for Offshore drilling, Love high oil prices, this is the only way that can act like they care, all the while going for a plan that will not show one drop of oil for years, maybe even as long as 10 years...
Why not talk about how our oil currently being pumped is being exported to other countries...
Why not talk about the oil fields which are in land and just under developed...
I tell you why... Republicans (those who are wanting Offshore Drilling) Love High Oil Prices and will do whatever it take to make sure they stay HiGH!
Added...
It's funny how you said ';it's always convenient for dems to blame EVERYTHING on bush'; Funny because the person that placed the ban so many years back was Bush senior...
How is it possible to not blame this on Bush...
The oil corporations already have 68 million acres of leases they haven't drilled on yet. First explain to us all how giving them more new drilling sites today, if we could, will lower your gas prices tomorrow. I'll be waiting for your answer. While you're thinking about that answer, maybe you can tell us all why Bush held up the moritorium to ban drilling off the coast of Florida while his brother Jeb was governor of that state. Again, I'll be waiting for your answer to both. The reason why I ask them is because they are very important factors that your question doesn't come close to considering. BTW, the oil corporations have all contributed very heavily to McCain's campaign in the last 3 weeks. And, your question forgets the fact that McCain’s Tax Plan Gives Top Five Oil Companies $3.8 Billion A Year In Tax Breaks. According to a study conducted by the Center for American Progress, “The McCain plan would deliver approximately $170 billion a year in tax cuts to corporations, including some corporations that are very large and profitable. Just one of the proposals—cutting the corporate rate from 35 percent to 25 percent—would cut taxes for five largest U.S. oil companies by $3.8 billion a year.” [Center for American Progress, 3/27/08]
Hmm I wonder why they haven't done the same for Obama's.
Have a really nice evening.
I have no idea if they've been bought out, but it seems likely to me that Democrats just don't want to drill because that's what Republicans want.
And Bush certainly could have overturned the off shore drilling ban while we had a Republican congress, but 80% of the price increase happened during the Democrat congress.
It's all about the money, not what you save, but what they can take
from you...and the republicans get the bad rap... we didn't have this
economic meltdown until we got ourselves a democrat controlled
congress, a bunch that won't do anything but let the high price for petroleum roll on and on, higher and higher, they can reap the
wind fall of taxes while you and I do the paying!
Drilling will not lower the cost of oil. It will go on the international market and China will buy it at the same price they are paying now.
Blah blah blah blah blah.
Every fifth question is some con trying to sell offshore drilling and each time the answer is the same.
But true to form...it either never sinks in or they are under Rush's orders to repeat the question every fifteen minutes.
COME UP WITH A USEFUL CONTRIBUTION!!!!
There is a good deal of doubt that drilling in reserved areas will make much of an impact on price at the pump. Manipulation and profit taking are much more likely causes of the price run up.
That's hysterical. Both the president and the VP are oil men, and you think the *Democrats* have been ';bought out by the big oil companies';?! What version of reality is this?
President Bush could have lifted the executive ban on off shore drilling years ago when he had a Republican majority in congress. Doing it now is little more than a political ploy.
They want to 'save the planet'. I wish they had the same compassion where the American workers who gotta drive to work were concerned.
Because keeping 213 endangered species alive seems more important.
Cause they want people to suffer. The more suffering, the more dependents.
Ding ding ding we have it folks the all time stupidest thing ever posted on YA
well despite the above rant there are actual answers to all this. There are leases on millions of acres but its shear economics why they havent been drilled on. Not all oil costs the same to extract and much of it is so expensive to extract that it was not worth doing until the price reached a certain level. As far as the conspiracy poster Ann Coulters nemisis there are intelligent answers she doesn't understand. Like companies are meant to profit. If they didn't none of us would have jobs at all. Its dumb to talk about oil companies buying people out because they donate healthily to both parties and this information is widely available online and in print due to disclosure laws.
The media is giving the dems a pass because it is a liberal insitution itself and has an agenda. The liberals in america hate capitalism and american values like economic freedom. The reason oil costs so much is because they have artificially held down the supply of energy. There is more energy potential in coal reserves in the US than oil in the middle east. We have large percentages of the worlds untapped oil in our own country they wont let us drill. If we increase the supply or replace it with a substitute (ie nuclear energy) the price would fall with the increase of energy. American liberals are obsessed with the green movement and the ';greedy profits.'; the statistics from the center of american progress are like saying my two year old performed a scientifically accurate data survey..... they are a left wing ';think tank';
the envirmental movement is why gas prices are so high its simple. energy drives the economy and if the economy is bad people elect democrats because they promis to ';give us things'; be it ';free'; health care or anything else in the way of government expansion. if we cant function without the government and the dems are the ones making government run badly but getting elected they all have jobs. high energy alone may be enough to get us ';free healthcare'; and we will pay for it with the ';greedy profits'; earned by those ';evil corporations';.
I don't know what all the fuss is about. their has been drilling in Louisiana for years and it is known as the sportsman's paradise. I lived their all my life and all sorts of animal and plant life thrive their. The argument about endanger species etc do not hold water. As for oil spills we have had our share and guess what it always comes back to where it was before. Nancy Pelosi and the dems are totally wrong, I agree that we need alternatives but until then lets use what we have. Bring down the futures market by allowing the drilling and then lets go with the oil man T-bone Pickens he wants to make money in the future he has the right ideas. If we don't drill offshore the Chinese are planning to drill in international waters off our coast. Then we will have to give more of our money to the Chinese for their oil.
How do oil rig diamond tipped drill bits wear away?
Diamond is the hardest thing on earth and does not wear from the material it is grinding. The grinding can cause heat build up which will cause fracturing and diamond also has a cleavage plane which will cause the diamonds to break and split between the atomic cleavage plane when struck by another hard object and the correct angle..How do oil rig diamond tipped drill bits wear away?
If you start drilling into the ground anything will wear away some things faster than others.How do oil rig diamond tipped drill bits wear away?
Friction.
I guess it wears away as it drills,
If you start drilling into the ground anything will wear away some things faster than others.How do oil rig diamond tipped drill bits wear away?
Friction.
I guess it wears away as it drills,
When an oil company wants to drill on my land in Texas what would my rights be?
We do not own minaral rightsWhen an oil company wants to drill on my land in Texas what would my rights be?
Just step aside, the state, county will give them what ever they want. You don't matter.When an oil company wants to drill on my land in Texas what would my rights be?
To be blunt, bend over, here it comes. Sorry to say that, but so many are getting screwed like that. We just (finally) passed a law here in Arkansas that the holder of mineral rights has 5 years to use em or lose em.
If you're asking this queston, chances are it may be too late for you. Although you own your land, many people forget to buy the mineral, metal, or natural resources rights to their land. If an oil company (or anyone else for that matter) buys those rights, they don't have to own the land to have a legal right to be on your land. By Texas law, if you don't buy those rights with your land, you only own the topsoil, and anyone else who buys those other rights have every legal right to extract their bought property even if it causes you financial harm. One example of this occurred in Wyoming in the late 1980's when an oil company bought the rights to drill on pasture lands owned by a private citizen rancher. The company went in without his permission and really tore up his property, and the rancher could do nothing legally to stop them because the oil company had bought a legal right to drill for natural resources on his land. He had failed to buy and procure any of his natural resource rights because he assumed that he owned them with the land. His assumption cost him dearly. I'd suggest that you get down to the courthouse tomorrow morning and talk with anyone who will help you with the matter. If you find that there is an open claim to your rights, ACQUIRE A LAWYER and file for them. If you already have one, get him in high gear before the oil company lawyers do.
Just step aside, the state, county will give them what ever they want. You don't matter.When an oil company wants to drill on my land in Texas what would my rights be?
To be blunt, bend over, here it comes. Sorry to say that, but so many are getting screwed like that. We just (finally) passed a law here in Arkansas that the holder of mineral rights has 5 years to use em or lose em.
If you're asking this queston, chances are it may be too late for you. Although you own your land, many people forget to buy the mineral, metal, or natural resources rights to their land. If an oil company (or anyone else for that matter) buys those rights, they don't have to own the land to have a legal right to be on your land. By Texas law, if you don't buy those rights with your land, you only own the topsoil, and anyone else who buys those other rights have every legal right to extract their bought property even if it causes you financial harm. One example of this occurred in Wyoming in the late 1980's when an oil company bought the rights to drill on pasture lands owned by a private citizen rancher. The company went in without his permission and really tore up his property, and the rancher could do nothing legally to stop them because the oil company had bought a legal right to drill for natural resources on his land. He had failed to buy and procure any of his natural resource rights because he assumed that he owned them with the land. His assumption cost him dearly. I'd suggest that you get down to the courthouse tomorrow morning and talk with anyone who will help you with the matter. If you find that there is an open claim to your rights, ACQUIRE A LAWYER and file for them. If you already have one, get him in high gear before the oil company lawyers do.
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