Dallas, TX About Blog Gallatin is a group of professionals working with oil and gas
mineral rights owners to understand the opportunities available to them in today's market Frequency about 3 posts per month.
Land owners,
mineral rights owners, surface owners, easement owners, investors, suppliers, vendors and government agencies may hold rights and interests.
About Site - Gallatin is a group of professionals working with oil and gas
mineral rights owners to understand the opportunities available to them in today's market Frequency - about 1 post per month
By Laura Lorek Publisher of Silicon Hills News and Host of the Ideas to Invoices Podcast A native of Arkansas, Gabe Wilcox and his family know firsthand the problem
mineral rights owners have in managing their assets.
Not exact matches
The Tioga County Legislature said it strongly believes in and supports the
rights of private property
owners to explore and recover the
mineral resources on their land.
My lawyer raised a red flag in that the contract stipulated that the
owner may not own the
mineral rights to the property.
But the ink hadn't even dried on the purchase agreement before Newlie's lawyer uncovered a disturbing fact: the original
owners had lost the
mineral rights for the property decades ago, due to unpaid taxes.
A look at the consequences and conflicts that can arise between surface land
owners in the western United States, and those who own and extract the energy and
mineral rights below.
Dorsey highlighted an additional risk associated with wetland loss: «Existing wetland
owners, if the wetlands convert to open water, they lose all title to that property including the
mineral rights.
Fuel Fix (9/12/12) reports: «Chesapeake Energy Corp. (CHK), facing claims by
mineral rights holders in multiple states over canceled oil and gas lease offers, lost a bid to reverse a $ 19.7 million judgment to a Texas lease
owner.»
Given the fact that UK property
owners don't have the same
mineral rights as in the US — meaning that fracking appears mostly all risk with little reward to many homeowners — the early successes of the fracking industry in sparsely populated areas of the United States was always going to be hard to replicate in Britain and, presumably, many other parts of Europe.
A payment made by a person or company who leases oil,
mineral, or natural gas
rights to the
owner of the land above the oil, gas, or
minerals.
This means that when the land was transferred, in the past, the
owner at the time kept the title to the
minerals or reserved the
right to work these in the future.
Where the mines and
minerals are excepted from the ownership, the
owner of the
rights to mines and
minerals does not necessarily have the
right to enter, break or damage the surface of the land, in order to obtain the mines and
minerals unless it is clearly stated on the title register of the property.
3.3 Native title
rights to
minerals In his Perth paper, Mr Willett states «the Federal Court has repeatedly ruled that native title
rights in
minerals have previously been extinguished by legislation and the... [government] is the
owner of the
minerals in situ».
Once a property
owner dies, even the
mineral rights become part of the probate process.
Sometimes, property
owners will sell land to you without mentioning that the
mineral rights have already been sold to another entity.