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Just a quick thought . . . as long as I have the mineral rights to my property, can I just theoretically dig for oil under the ground? I wonder because I've seen some good deals for land out in Texas. What's the word? I hope this is not the dumbest post at the site
Looking for a Gusher out there!
No, you cannot just drill. You have to check with the state and find out the requirements.
In California Toney for example, in most cases your mineral rights start at 500 feet below the subsurface. You can enter property at that level but only from off-site. I believe doing so needs to have no geological or soils issue (ie; liquifaction) above 500 ft, and a Geological report. Probably not very realistic, and a bit of a farce in all reality. You may want to initially consult with subject-familiar licensed Geologists to draw opinions.