Does The Surface Owner Have Rights If They Don't Own The Mineral Rights ?
If your property is unleased and you sell your oil and gas rights, do you have any rights when a lease is signed?
If it were me selling my rights (which I would never do) I would have a clause in the sales agreement that I have some control over the the terms of any future lease. If I cared about the surface of the property, because I live there or I use it (say farming) I'd want control of any activity on the surface.
Just a question.
Views: 773
Replies to This Discussion
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Permalink Reply by Philip Brutz on
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What if the surface owner retains over 51% of the mineral rights? Would the surface owner be able to have control of the terms of any future lease?
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Permalink Reply by evan on
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I checked into that Philip. It doesn't seem like it would help as much as you would think . Most of these companies who end up with your mineral rights have connections and free legal rep. If you know what I mean . According to some of these companies I've gotten to know pretty well
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Permalink Reply by Mark McGrail on
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Jim,
I suppose that depends upon the interpretation of unreasonably.
After all we saw a debate over what the meaning of "is", is.
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Permalink Reply by Philip Brutz on
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The WV Surface Owners’ Rights Organization is an interesting site on this topic.
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Permalink Reply by Mark McGrail on
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Phillip,
Very interesting.
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