Question:

How do i sell crude oil from my oil well?

by  |  earlier

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They found oil in 1951 and capped the oil well and i don't know how to get the oil company's to buy the oil.

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  1. once capped it isn't in production--so where is the oil you want them to buy? Have you reopened the well with out a permit? This isn't making sense.


  2. Go to your state's regulatory department for oil and gas wells and obtain a permit for that well.

    Hire a petroleum geologist to check the well and determine its production rate

    Once you have that permit and information then find a refinery which will purchase your oil.  

    When the oil is sold, contract with a recovery company to get the oil out of the ground and a trucking company to get it to the refinery.

    Or, you could sell the well and mineral rights to me for $5.00

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