Permian basin question for y’all

Permian basin question for y’all

so i've got a teeny tiny bit of land in the permian basin (yee-haw, right?) it's been in my family for several generations and i'd like to keep it and the mineral rights. lately the offers have been pouring in and there are wells all around me. they brag that they're drilling vertically and horizontally. my question is this, if i don't sell now (or soon) do i risk having the oil beneath me depleted by surrounding wells? thanks in advance

Submitted March 01, 2017 at 09:35PM by posikid
via reddit


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