re: Just bought 40 acres

Thanks a ton for all the info guys.

I think im gona go to plan b and just wait till this all unfolds. Before i build a house on it.

I know the seller well and will try to work with her. Rite now i really dont feel like i own it.

Tell me if im wrong here, i just paid the seller for the land(6 figures), she gets all oil money, i get nothing unless they drill on the land, and i got to pay the taxes on the land every year, and the ten year clock starts over if they hit oil, and it dont start again till the well is dry.