MESS

iTrader: (5)

A guy knocks on my door stating he is with Carrizo Oil and Gas, Inc. out of Houston. He says they will be drilling for Oil down the road and are asking for drilling rights under my land. He asked me to sign a 3 year contact so they could lease my land and they would send me a one time $300.00 check with in 45 days. I didnt sign any thing and he said he would stop by next week, he also wanted my SS# on a W-9 so they wont have to pay taxes.

Has this happen to anyone else? He says they are the only Company doing this in the area?

Texass683

iTrader: (17)

they came to my house but in a more professional meeting. They actually called a neighborhood meeting and brought the whole neighborhood together. THey were very nice a civil. Just do some research and see if they exist or not.

rayosequis

iTrader: (13)

I wouldn't do it, if they do hit a big pocket and you give away your mineral rights for $300, you would lose out on the possibility of getting any money out of it.

red95ssclone

iTrader: (2)

Not sure about the 300$. A friends dad of mine let them drill on his 20acres and he got 20k per well...

FatZ28

iTrader: (1)

Yes its more than likely legit. Ask what company he is from, devon and chesapeke are the big boys around here right now. More than likely he doesnt have mineral rights if you are inside of the city limits. And the 300 dollars is just for for the right to drill under your land and not for what they find. Belive me if you do have mineral rights and they find gas under your property its more than 300 dollars and its a monthly check.

bmxer8699

iTrader: (16)

sounds like a rip, tell him send a built 408 with TT's. then you will think about it

Shackleford

iTrader: (12)

Tell him he has to pay for the rest of my college.

ex-SS-ve

iTrader: (9)

that alone would of gotten a door slammed on his face by me

SRT2LS1

iTrader: (12)

Its legit, My parents are doing that at the moment. The $300 is kinda like a sign on bonus and after that you get a % of the profit from the amount thats pumped out. It's going on a lot here in Texas right now, big natrual gas boom or something I guess. The only thing bad about it is that you will get a big noisy drill very close by...

1970judge

iTrader: (12)

Regardless, if they get the state involved the state can just drill under you.

06 SS

Legit or not, there is no way I am going to give a guy who shows up at my door my SSN. Even if there is such a company buying the rights, who says this guy is not using that to further his own scam?

Sprayed1998

iTrader: (10)

It is that guys job to get your mineral rights for as cheap as possible.

MavrikTA

iTrader: (27)

Find out if the mineral rights percentage is 1/8, 1/4, or none. 1/8 MINIMUM!!!
Also, before you do ANYTHING consult an attorney that specializes in these matters. It will be EASILY payed back in the long run!

silver01z06

check on the money aspects of course. but i would be very skeptical about giving my ssn to some guy who is walking down the street.

LT1wannabe

iTrader: (2)

Your friend's dad got screwed. $20k isn't NEARLY enough compared to what they'll make on the right well in the Barnett.