How To Get Rich Off Oil In Your Backyard
If you find oil on your land, can you keep it? Oh, baby. Oh, honey, we’re rich. Yeehaw. Wo there. Just because you found oil doesn’t mean you’re instantly rich. Who you think you are? That is black gold. That’s instant money, right? Well, it depends on where you live. In some places, you only own the surface of the land, not what’s underneath. Wait, so someone else might actually own our oil? Yep. They’re called mineral rights. And in many cases, those are sold or owned separately. Sometimes by companies, sometimes even by the government. That’s ridiculous. And even if you do own the mineral rights, there are still laws about how, when, and if you can drill. It depends on the region. More rules? Yep. States like Texas make it easier to drill, but others like California and Illinois have stricter environmental laws. So, what do I do? Well, here in Texas, you usually have three choices. Lease it to a company. They’ll drill and you’ll get paid over time. Sell it outright, take a lump sum and walk away, or develop it yourself. High risk, high reward. Mom always said I could be a businessman. Well, in that case, you should get out of there. Come on. Men do taste
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25 Comments
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If i found 10 Kg of gold is the government bussines. If i found 1 Kg of cocacola its my business
"if you find oil in your land, how fast will america take it?"
Mike never blinks i just realized 😅
man this water sure taste funny 💀💀💀
Nah, if I find oil or gold on my property and the government comes to my door like: Hey hey hey, my oil
You best believe I will fight for that sh.t to the last bullet idc😂
the only reason why it sucks to live in usa
He plans to make a saw like machine with 6 knives that he bought off camera to to torture his boss
Oh and also it has a built in trash bag to dispose of the bod*
I wonder why USA has alot of Sexy Oily Girls
OIL!!!?? FREEEEEEEEEDOOOOOOOOOM 🇺🇸🇺🇸🦅🇺🇸🇺🇸🦅🇺🇸🦅🇺🇸🦅🇺🇸🦅🇺🇸🦅🇺🇸🦅🇺🇸🦅🇺🇸🦅🇺🇸🦅🇺🇸🦅🇺🇸🦅🇺🇸🦅🇺🇸🦅🇺🇸
So you cant own the whole chunk, got it
When there Is oil Its goverments but
If Its drugs Its yours 😂
Man, get that boy in the movies🤗
Best lawbymike video ever
Oil 🤨
It's that your son.
I hope I don’t end up like you😊😊
I live in Texas and this is true.
Lil bro better at acting than 99% of us
America: I HEARD OIL
Also America: Ooh
At least its not baby oil.
In the US you own nothing, you pay property taxes to rent property from Uncle Sam, or he’ll send soldiers to take it away from you.
Not billy ray putting the mustaschen on himself 💀
Yeah, California has "stricter environmental laws"
Except when it comes to Chevron lmao
(if y'all haven't seen the Boy Boy video "The Environmental Disaster No One Knows About", highly recommend it. Very well made, and incredibly informative)
Mike; If you find some oil in your backyard
US; That yard needs democracy 🦅🦅🦅🦅