Question by  annab144 (12)

How many acres do you need to drill an oil well?

I would like to drill an oil well.


Answer by  christopher84 (83)

To properly drill for oil, a drilling company needs somewhere between a minimum of forty to eighty acres of land. This land is usually leased from a private owner, and a royalty on the oil extracted from the earth is paid to the owner. This royalty rate is usually somewhere between twelve and twenty five percent.


Answer by  Melissa101010 (4405)

Most of the time how many acres that you need depends on where you live and what state you are in. Different states have different laws that you have to follow.

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