How to determine if you have oil on your property
Posted on Friday, December 13th, 2013 at 10:16 pm
There are several factors to look into when evaluating the possibility that a land property has oil reserves beneath it. Experts believe the presence of certain rock types can indicate oil in an area. Oil is formed through decayed organic materials caught in areas of sedimentary reservoir rocks, and so inspecting rock types found within your property may help identify the existence of oil.
The best indicator, however, that oil is present beneath the surface of your lot is if it seeps to the surface of your land. Before drilling techniques were used to get oil, oil was collected after it surfaced on the earth from underground.
Discovering the presence of oil under the surface of your property may be very good news, as it can be a potential asset that can be liquidated to provide you with greater financial security. However, you definitely need the help of experienced mineral rights brokers such as our team at The Mineral Auction that will ensure the highest return on your investment. Call us at (512) 698-2802 to the get guidance and answers you need.