"I'm glad it was a help. Others have helped me over the years.
If you learn something when talking with your county assessor that you think might help others, please share.
I'm somewhat curious about your hypothetical situation. The fee…"
"Yes you will have to pay the county property tax on whatever the assessed value of that amount of mineral rights is determined to be, by that formula that they use. Your acreage times your ownership amount. It sounds like your example retains 100%…"
"I guess you mean property taxes on the actual rights as opposed to income tax on your royalty payment.
The property taxes are collected by the counties. They assess the mineral rights by a formula which differs if there is any production (of oil…"
"You would have to read the assignment documents to see what was assigned/conveyed/sold and what was retained/excluded. I have seen the "whole" lease assigned with the deeper rights retained, and just the shallow wells sold, and sometimes…"
"As I understand it, you would have to look at the Assignment/'Conveyance/Bill of Sale or whatever they call the document, when CNX sold the wells to Diversified. They probably sold the lease and lease rights and wells only for the shallower…"
"I am not a lawyer, but as I read the leases I have seen and understand the laws of WV (not sure about other states), production must be continuous on at least one well, whether shallow or deep, or a shut-in fee paid (according to lease terms) if the…"
"If you can get access to the documents describing the agreements between the companies about these wells, you might have at least some of your answer. It might be a tedious job. Look in the deeds/leases database for the county where the mineral…"
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