Selling property with active oil and gas production or abandoned infrastructure?
When buyers see oil and gas activity, it can cause questions that lead to delays in the process from offer to closing.
Get a WellFactsTM report, and get the deal done.
Learn more below, and complete the form to get started on the product you need.
Why WellFacts™?
How WellFacts™ reports can help you sell land?
If there is oil and gas well activity on your land, buyers will want to know about the wells. WellFacts™ reports can help speed the process. Also, if there is old infrastructure that has not been removed, WellFacts™ reports can help you get it cleaned up making the land more attractive.
Is a WellFacts™ report different than mineral title searches?
Mineral title work provides information about mineral ownership. This work does not include information on the wells themselves and the operators of the wells. It is critical to know the details of the wells in relation to surface ownership.
Are well locations on GIS maps accurate?
Finding exact locations of wells can be difficult if they have been plugged because they are below ground. Also, older wells did not use latitude and longitude for designating their location. Finding plugged well areas so they can be monitored requires research.
Do old wells ever go away?
No, the wellbore will always remain even if plugged. Therefore, you need to know about how the well was drilled, produced, and plugged so you can monitor it.
Do you need a WellFacts™ report if you are not buying the minerals?
Yes, if a well leaks or pits exist, the surface owner will bear the burden of dealing with a responsible oil company or the state if the operator is no longer in business.
Do Phase 1 environmental reports provide the same thing as a WellFacts™ report?
No, Phase 1 environmental reports do not provide the well and operator specific information as WellFacts™ reports. Detailed information on the wells and operators is critical to understanding how they can affect the surface owner.
Choose the WellFacts™ report that helps your property deal go through without delay.
QuickScreen™
Your listing is in an area with oil and gas activity, and you want a quick, inexpensive way to inform buyers that your area has been pre-screened and rated for the level of oil and gas activity.
Prime
Your listing has visible oil and gas production or abandoned infrastructure that could needlessly concern buyers. Order a Prime report to get clear information on operators, the well location history, and options for potential clean up or removal.
Pro
Created for large landowners, Pro reports provide the most detailed information farmers and ranchers need to fully understand how to integrate existing oil and gas production into their real estate investment. Additional mitigation methods and expert consulting also available.
What People Are Saying About WellFacts™
QuickScreen™
“As a real estate agent, QuickScreen™ is an inexpensive way to differentiate myself from other agents when my listings are WellFacts™ screened. I have found the experts at WellFacts™ to be knowledgeable and helpful for my business.”
Prime
“We had so much traffic on our listing, but buyers were asking about the pump jacks and rusted tanks on our property. We realized it was preventing and delaying offers, and we needed facts, provided by experts, to ease buyers’ concerns. Our real estate agent recommended we get a WellFacts™ report, and we were able to share this information with buyers to eliminate concerns and get us to closing faster.”
Pro
"We decided to sell our ranch in Oklahoma. It was a hard decision because the land had been in our family a long time. The property had oil and gas production from several years ago. We knew buyers would ask about it so we bought a Pro report to provide to buyers. When buyers would ask about the wells, we showed them the report. This cut down so much time spent by the buyer trying to understand the old oil activity "