re: Just bought 40 acres

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Posted by SD90MAC I just talked to the land guy thats doing the lease. He said i get no lease money and they can come on my property without my consent. This is bull. Anybody want 40 acres? I guess im gona get a lawyer.

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This means that the lease was in place at time of sale? When was it signed? Keep in mind, it doesn't mean anybody will ever drill on the land.

Also, you can ask the oil company to give you a designated drill site if they ever chose to do anything on the land. It's nothing concrete but it would give you an idea and help ease any concerns.

(If the lease is still being negotiated then those terms make sense but you can get something for the use of your surface but nothing more in regards to royalties)