View source

# Review prospect data
# Prepare geology and maps
# Check courthouse for clear title
# Negotiate with mineral owners for the lease
# Confirm title on lease
# Purchase lease
# Secure service contracts
# Obtain regulatory permits
# Stake location
# Prepare location
# Commence drilling
# Run casing and cement in place
# Re-commence drilling and logging
# Set pipe
# Treat well
# Fracture-stimulate well, if needed
# Run flow tests
# Lay gas gathering lines and/or set tanks
# Set production facilities
# Pay surface damages
# File paperwork with government agencies
# Begin oil and gas sales
# Bring abstracts up to date
# Attorney prepares division order/title opinion
# Forward title opinion to oil/gas purchaser
# Purchase prepares division order
# Division order mailed to E&P Company
# E&P company signs division order and returns it to the purchaser
# Purchase schedules for payment
# E&P company receives payment from purchaser and deducts expenses
# Payment to partners