my heart goes out to landowners without mineral rights

I see what people are complaining about. If you live in a hot area everything has changed except. If you do not own minerals then the only thing that hasn't changed is your pocketbook. It is dangerous to drive. The landscape traffic housing prices......everything.

I am getting compensated for our minerals but it would be tough to deal with all of this and get nothing. These people need a voice and should get something for their troubles. Alaskans get a check every year for their energy as long as you lived there for awhile. I'm not saying this is the answer but something needs to be corrected. What's even worse is there value of there house and land will fall apart. Would you buy a house land without minerals in the middle of this.....NO WAY. They loss everything and get nothing in return. That needs to be fixed. I want to make a lot of money butnot at the expense of my neighbors.

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Permalink Reply by LW on June 30, 2014 at 12:26pm
What about if you sold your land right before finding out that there was going to be a boom? Darn!
Permalink Reply by Finnbear on June 30, 2014 at 12:35pm

If you sold voluntarily, you agreed to sell for the price you received, correct?

Permalink Reply by LW on June 30, 2014 at 12:58pm
Yes, my comment didn't really fit the conversation. I just feel bad (empathy? ) for the people who sold and can't believe our good luck sometimes at buy g at the right time. End of story though.
Permalink Reply by jason irvine on June 30, 2014 at 1:20pm
Wow. That would be real painful.
Permalink Reply by Finnbear on June 30, 2014 at 12:33pm

Nothing needs to be "corrected". People who bought land that does not have mineral rights should have taken that into consideration when they purchased. They have no reason to be jealous now of their neighbors who are cashing in on the investment they made on property that does have mineral rights. You get what you pay for, and you should understand what you are paying for before you sign that purchase agreement. It is not the government's job to make it "fair" for those who chose to buy without mineral rights. 

Permalink Reply by Renee E. Dorsey on June 30, 2014 at 12:50pm

But, but, Obama promised to make those rich fat cats pay their fair share.    

Permalink Reply by Finnbear on June 30, 2014 at 1:29pm

What exactly does this have to do with my post above???

Permalink Reply by Renee E. Dorsey on July 1, 2014 at 2:13pm

Finnbear - it is a JOKE, grizzly!   

Permalink Reply by jason irvine on June 30, 2014 at 1:26pm
I agree with everyone and disagree with everyone. I am on the fence about a lotof these folks. I ddon't think they should get something for just being there. They did take a chance when they bought without minerals.

But I don't agree that if we causes damages or a loss of value that they should be stuck with it. Just as much as they cannot damage my minerals. I cannot damage to surface. I wish I had answers.
Permalink Reply by Patriots' Landing on July 1, 2014 at 8:42am

The landowner who leases his rights gets compensated for damages (including potential loss of value).  His neighbors, who also lose value but don't own the rights, get nothing.  Seems like the oil companies should be responsible for damages to everyone affected negatively.

Permalink Reply by Renee E. Dorsey on July 1, 2014 at 2:12pm

That is the purpose of the court system - civil suit.   It is NOT the duty nor the obligation of land owners who hold mineral rights to compensate for another's negligence, whether that be another individual or a corporation.        

Permalink Reply by Finnbear on July 2, 2014 at 1:55pm

Those neighbors purchased that "loss of value" when they agreed to buy land where the minerals had been severed away. If someone thought the minerals were valuable enough to reserve them, someone else should have thought that those minerals might be developed in the future and figure that into the purchase price. They bought something that was less than whole and should have priced it accordingly.

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