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Need to raise cash fast? Check out these money-making opportunities.
You Will Need
- Surface indications
- Geological correlations
- Gravitational field variations
- Magnetic properties
- Sound wave velocities
- Test well
Look for surface indications of oil
Look for obvious signs of oil on the surface of your land.
Look for correlations
Look for correlations on your land with the sites of other wells, matching fossils, rock properties, and electrical and radioactivity data. These correlations may predict where oil-bearing strata begin on your property.
Study gravitational variations
Study variations in the earth's gravitational field on your land. If very light oil-bearing rocks are found near the surface, the gravitational force they exert will be less than that for heavy rocks.
Study the magnetic properties
Study the magnetic properties of the underlying rocks on the property. Most rocks that contain oil are non-magnetic.
Study sound transmission
Study the way sound travels through the earth on your land. The time it takes sound to travel through underlying rocks is characteristic of the types of rocks involved.
Drill a small test well
Drill a small test well if the results of your studies are promising. Now you can sell your oil-rich land and move to Beverly Hills.