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# 14 - Drilling Permit Approved

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Manage episode 206905653 series 2162714
Content provided by Investing in Oil and Gas and Mike May. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Investing in Oil and Gas and Mike May or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
We received a drilling permit to drill our oil. In Texas, the oil and gas industry is regulated by the Texas Railroad Commission. Whenever you want to drill a well, you apply to the Texas Railroad Commission and fill out what's called a Form W-1 and the title of the form is Railroad Commission of Texas Oil and Gas Division Application for Permit to Drill, Recomplete, or Re-Enter. Whenever you want to drill a well, you fill out this form W-1 and I submitted it recently and it was approved. It's just a simple, one-page form and, nowadays, you submit everything online, so you submit it electronically as opposed to on paper, but the form hasn't changed; it's been the same for years and years. It's just that now it's a PDF form instead of a paper document. I thought I would run through the form and just let you know what's on a drilling permit application. Actually, the drilling permit application and the permit itself are the same form. They simply take the application and add a few numbers to it to indicate that it's been approved, so Form W-1 is both the application and the approved permit. www.investinginoilandgas.com
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16 episodes

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# 14 - Drilling Permit Approved

Investing in Oil and Gas

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Manage episode 206905653 series 2162714
Content provided by Investing in Oil and Gas and Mike May. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Investing in Oil and Gas and Mike May or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
We received a drilling permit to drill our oil. In Texas, the oil and gas industry is regulated by the Texas Railroad Commission. Whenever you want to drill a well, you apply to the Texas Railroad Commission and fill out what's called a Form W-1 and the title of the form is Railroad Commission of Texas Oil and Gas Division Application for Permit to Drill, Recomplete, or Re-Enter. Whenever you want to drill a well, you fill out this form W-1 and I submitted it recently and it was approved. It's just a simple, one-page form and, nowadays, you submit everything online, so you submit it electronically as opposed to on paper, but the form hasn't changed; it's been the same for years and years. It's just that now it's a PDF form instead of a paper document. I thought I would run through the form and just let you know what's on a drilling permit application. Actually, the drilling permit application and the permit itself are the same form. They simply take the application and add a few numbers to it to indicate that it's been approved, so Form W-1 is both the application and the approved permit. www.investinginoilandgas.com
  continue reading

16 episodes

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