FAQ: Do I have oil (or gas) on my property?


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The only way to be certain is to drill a well. Even if hydrocarbons are present, whether or not recovering that oil or gas can be profitable is dependent on many factors. If you live in an area of known production (oil producing counties or gas producing counties) and have producing wells on surrounding tracts of land, the probability of having oil or gas increases. However, even with nearby producing wells, there is always an element of risk in exploration and development of petroleum resources.

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© 2002 Kentucky Geological Survey, University of Kentucky
Created 18-Jul-2002