mineral rights

(redirected from Drilling rights)
Also found in: Wikipedia.

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.)

References in periodicals archive ?
There has been considerable decline in the Federal lease sales for drilling rights in the Gulf at the latest sale held last month in the midst of weak prices of oil across the globe.
French company Total has also been granted drilling rights.
HighMount holds leasehold or drilling rights in approximately 660,000 net acres, of which approximately 480,000 acres are developed and the balance is held for future exploration and development drilling opportunities.
This entity is tasked with assessing the profitability of drilling rights the group holds in some 10 overseas locations, as well as interests it might purchase down the road.
An oil and gas producer is suing the city of Dallas, which denied the company drilling rights to mineral interests it leased from the city.
Noble Energy, ENI/KOGAS and Total, the three companies who own drilling rights, are currently contributing E1.
BRITISH Gas owner Centrica is reportedly muscling in on the UK's shale gas potential by attempting to buy drilling rights in Lancashire.
Steve (Damon) and his sales partner Sue (Frances McDormand) arrive in a soggy rural town to buy drilling rights from the landowners.
The actor plays a salesman trying to persuade rural townspeople to sell their gas drilling rights, but the movie has been dismissed as "Hollywood fiction" by the US energy industry.
In 1959, Crichton--who had bargained for drilling rights in Cuba during the Batista regime--raised funds to help the CIA sabotage Fidel Castro.
Turkey said last month it would send naval forces to protect its drilling rights.
Bloc 1-19 St Atanas spans a total of 1318 sq km and the winner the tender will obtain deepwater drilling rights for five years.