My father and I own 75 acres in Clinton County, Pa that we are considering selling. Is it practical to sell the land and keep the gas/mineral rights? If this is practical, how do we separate the land and the gas/mineral rights?
What rights would the new landowner have and what rights would we have to put a well on the property?
Thanks in advance for any help!
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Yes, you can sever the mineral rights.
The deed would simply note the reservation.
You could insert language that allows use of the surface for oil and gas exploration.
Consult a real estate attorney to be certain.
Is it practical? Depends on if the prospective buyer will accept the reservation.
You can also keep just a certain percentage. May be useful if the buyer has their mind set on owning oil and gas as well.
Yes, you can separate the minerals from the surface concerning a tract of land.
An "Exception and Reservation" clause will need to be inserted into the language of the new Deed stating that the Grantor (seller) is excepting and reserving all oil and gas under said tract of land.
In Pennsylvania, the mineral rights (oil, gas, coal, limestone, etc.) are dominant over the surface rights. The surface owner cannot stop the mineral owner from developing the mineral rights, and thus would only be entitled to "surface" damages from the operation.
A bit of advice - seek out an experienced Attorney who specializes in Real Estate conveyances. The courts in Pennsylvania do not look favorably on the landowner who drafts his own Deeds and screws them up. Though, drafting on owns Deeds are permissible by law.
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