About Gas & Oil Leasing
Gas and oil are valuable commodities. Their presence beneath your land could mean extra income if you choose to grant a lease to an exploration company.
Exploration companies employ or contract with a professional called a "landman" to acquire a lease/sale of your natural resources rights to land with potential reserves of oil and gas. Not all landmen work for exploration companies. You may have already been approached by a landman who has asked you to sign a lease/sale of your natural resources rights that allows a company to drill on your property. If you are approached, consider the offer; revenue paid to owners of leased land can be substantial. Risks and inconveniences, however, are also possible.
Make sure the lease protects your interests and is not a sale of your natural resources and/or your royalty rights. Review it carefully and consult an attorney.
"Out of nowhere I was being contacted repeatedly by landmen I’d never met trying to get me to sign."