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mineral rights
(redirected from Drilling rights)

   Also found in: Wikipedia 0.02 sec.
mineral rights

The right to take things beneath the soil. One may sell land and mineral rights separately from each other,which works a severance of the interests.In some states,sand,gravel,and clay are not considered minerals, even if they exist below the surface. One frequently contentious issue is whether a grant of mineral rights includes the ability to take them by strip mining or other open-air operations,such as quarrying.(The answer differs from state to state and also depends on the precise language of the deed.)



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Six months before the horror of 9/11, Vice President Cheney had his still-secret meetings with oil company representatives during which a map of Iraq was carved up parceling out the oil drilling rights.
California is the only oil-producing state that doesn't tax oil companies for drilling rights.
CAMAC obtains the drilling rights and, at the same time, gains access to the deep pockets of industry leaders, such as Conoco and Chevron.
 
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