Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago on . Most recent reply
What due diligence is required for oil property?
A seller accepted an offer for a piece of land in east Texas, the land has a part of a refinery on it and a lease in place. The exit strategy is to resell the land, but I have no idea what to look at. Mineral rights and lease agreements? Environmental? I went to https://www.epa.gov/cleanups/cleanups-my-community , clicked on Texas, then entered Henderson County. There were no clean ups
listed, what else should I look for?
Most Popular Reply
@Marcus Brown I work in the oil and gas industry as a Landman and would be happy to help you with whatever questions you may have regarding the term of the lease, rights you may have and the rights the oil company has.
Kevin