The company is on track to reaching its goal of acquiring USD 500m in oil reserve assets and said it plans on bidding on more oil leases and
mineral rights in the next few months.
Since acquiring these ownership rights late last year for approximately USD 300,000, a total of three wells have been drilled and completed on these
mineral rights with additional wells currently in the permitting stage.
I strongly believe that the issue of Mines and
Mineral Rights also deserves to be reviewed in the hope that the threat posed by these out-dated rights can be removed in future.
A lot of them sold those
mineral rights to survive and to eat and to keep their land," Turner said.
I am a landowner and I believe that I own the
mineral rights but I've received a letter stating that someone else is trying to register them.
The
mineral rights holdings has increased in the Livingstone district.
In a landmark judgment the high court in Pretoria ruled on Thursday that private holders of
mineral rights under the former arrangements were entitled to compensation as the mining act had expropriated the holder of property.
Gas companies that own those
mineral rights can drill on public land without seeking federal approval.
Since so little was known about the Fayetteville Shale in those years, many of the earliest agreements paid
mineral rights owners a 12.
One color of natural gas usually is blue, but for nonprofits in and around Fort Worth, Texas, the color is green as they cash in on
mineral rights to the tune of millions of dollars.
The move is an effort to at least limit the amount of mining allowed on the land, where the federal Bureau of Land Management owns the
mineral rights.
He was an adviser to the Inuit on the land selection process as it pertained to subsurface
mineral rights.
