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How far do mineral rights extend?

How far do mineral rights extend?

A mineral rights agreement may range from a few to 20 years. Oil and gas leases often have two terms: a primary and a secondary term. If no drilling or production activity has taken place at the end of a primary term, the lease will expire.

How are mineral rights separated from surface estate?

It depends simply on whether in the past the mineral estate (the mineral rights) have ever been severed (separated, removed) from the surface estate. There is a determinable answer to this question, although at times it can be complex and take considerable time and effort to confirm.

What does it mean to have mineral rights?

What is ‘Mineral Rights’. Owners of surface rights often have the right to dig beneath the surface to construct foundations for buildings, or to install infrastructure like a septic tank. However, surface rights holders who do not own mineral rights beneath their land do not have the right to exploit any valuable resources therein.

Are there any issues with inheriting mineral rights?

Inheritance of mineral rights can be a wonderful thing!… or a hassle. Unlike surface rights of which most of us are more familiar, inheriting mineral rights can present issues which are more often off the beaten path. Potential issues can be even more fuzzy – especially if there’s not a history of family ownership.

Is there a conflict of interest with mineral rights?

By the simple fact of the way the industry is structured, oil companies employ the great majority of landmen; thus with any anticipated work, it is important that mineral owners establish up front that there is no conflict of interest involved in your particular situation.

What are the rights of the mineral owners?

The Extent of the Mineral Owners’ Rights A mineral owner’s rights typically include the right to use the surface of the land to access and mine the minerals owned. This might mean the mineral owner has the right to drill an oil or natural gas well, or excavate a mine on your property.

It depends simply on whether in the past the mineral estate (the mineral rights) have ever been severed (separated, removed) from the surface estate. There is a determinable answer to this question, although at times it can be complex and take considerable time and effort to confirm.

Inheritance of mineral rights can be a wonderful thing!… or a hassle. Unlike surface rights of which most of us are more familiar, inheriting mineral rights can present issues which are more often off the beaten path. Potential issues can be even more fuzzy – especially if there’s not a history of family ownership.

How does the mineral estate work in Texas?

In Texas, the mineral estate is a separate interest in land that can be severed from the surface estate. The severance gener- ally occurs in one of two ways. Either the landowner sells the minerals and retains the surface, or more commonly, the land- owner sells the surface and retains the minerals.