Replies to This Discussion

Permalink Reply by Sam Moore on December 1, 2017 at 7:17am

That is easy to do.  You may want to consider just keeping the Oil and Gas rights as it will make it easier to sell.

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Permalink Reply by WV Mineral Owner on December 1, 2017 at 3:06pm

Donald,

The process is easy, just make sure the deed states the sale is for Surface Only and Excludes the Oil, Gas & Minerals. 

I have seen errors made when people have used a title company and not an attorney, leaving the seller little recourse.  Please have your Purchase Sale Agreement and Deed reviewed by an Attorney to insure everything is copesthetic.

Good Luck

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Permalink Reply by Dan on December 2, 2017 at 1:35pm

We gave some land to a family member in Ohio. We reserved the mineral rights in the deed split. Not sure if it differs from county to county but we received a tax due bill for the minerals associated with that surface parcel. The minerals are accessed when a new deed is filed so we are not taxed at this time on the acres not transferred. We latter found out that if we only reserved the oil & gas rights no tax is accessed at this time. The word minerals is what triggered the tax to be accessed. I would say use an O&G attorney but the attorney who did the new deed was an alleged knowledgeable O&G expert.

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Permalink Reply by Donald on December 3, 2017 at 2:08pm

Thanks for the good advise. will check with g/o Attorney for the correct wording in the Deed. Thanks again Don 

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