mineral rights

(redirected from Oil rights)

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 ?
The government will hold an oil rights concession auction on May 14 and 15.
And yet, the man who has bagged two Premiership titles in two years and who is now just 7-1 (from 50-1) to win an unprecedented Quadruple, is about as appealing to his chairman as an announcement of a Russian oil rights inquest.
At the end of last year, Trans-Dominion's subsidiary, Trinidad Exploration and Development Limited, drilled the Bonasse-1, -2 and -3 wells on private lands on the Cedros Peninsula, over which it has 100 percent of the oil rights.
Border demarcation, oil rights and the status of the contested region of Abyei still have to be negotiated.
GEORGE Galloway will give evidence before a US Senate committee to deny accusations he received oil rights from Saddam Hussein's Iraq.
Dynamic has a 50% interest in the described natural gas production and a 25% interest in the Devonian oil rights.
The extension signalled tensions were easing in Baghdad's long-running feud with Kurdistan over oil rights, territory and power-sharing, a dispute that is testing the country's uneasy federal union.
Prosecutors claim Spain-based rebel leader Severo Moto offered the group pounds 1million and oil rights to oust President Theodoro Nguema in the former Spanish colony.
The petroleum deals are worsening already tense ties between Baghdad and Iraqi Kurdistan, autonomous since 1991, in their long-running dispute over land and oil rights.
They have embarked on a massive war on Iraq which is about the determination to protect oil rights and regime change.
Its move will likely further strain ties between Baghdad and Kurdistan, which are already deeply at odds over a long-running dispute about who controls contested territories and oil rights along their hazy internal frontier.
Chevron Corp is buying into blocks in Iraq's Kurdistan, according to two oil executives involved in the region, as the second-largest US oil company follows ExxonMobil into an area where oil rights are a subject of fierce dispute.