Still has a minimum value...
ShouldastayedataTm said:
then I need to make sure I find a place where I can get the mineral rights as well. Maybe it is east Texas or south Texas. Regardless of environment I just want to be free of risk for someone else getting to punch holes in or strip mine my slice of heaven.
Kenneth_2003 said:
BTW... OP mentioned strip mining. Resources accessed in that manner are considered part of the surface estate not the mineral estate.
No one can strip mine your property out from under you.
Yes, there was/is no lease currently on the property that I bought from my neighbor. The lawyer I used is in the O&G space and had done similar contracts for people buying surface from the owners of both surface and mineral estates. I am sure there is always a way around what is in the title and the contract we signed for an oil/gas exploration company, but that is for a future date. A person I know in Starr had a well location set a stones throw away from his existing deer pens, which turned out to be a big problem and required him to relocate his pens. Unfortunately, before he even completed his new pens they started exploration in that part of the ranch as well.GSS said:
I don't think it usually works that way, the buyer dictating where or if surface locations can be used. The surface seller can't sign off on it, if any lease language says otherwise. No lease in force, then sure, the seller and buyer can agree to transfer surface control.
If leased, it requires a "release" from the mineral leaser, which for small(er) tracts, might be readily obtained.
Our property (60 acres) was bought, when there was no active lease. We (via our lawyer) requested the surface control clause be added, which the sellers (who owned 100% of the minerals) reluctantly agreed to.
They obviously could have said no..
Our family owns land, not the mineral rights, it's leased (and under production), selling some of the land required the leaseholder to agree to "surface control" for the buyer(s). It may, or may not, happen. For us, it has.