mineral rights

(redirected from Drilling 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.)

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
US-based oilfield investor and operator Viper Capital Partners LLC has acquired drilling rights to 1923 acres of the prolific Hendershot-Ogden Berea Sand Oilfield in Wood County, West Virginia, the company said.
27 February 2019 - US-based oilfield investor and operator Viper Capital Partners LLC has acquired drilling rights to 1923 acres of the prolific Hendershot-Ogden Berea Sand Oilfield in Wood County, West Virginia, the company said.
'For information, ExxonMobil has purchased a block of Pakistani deep sea drilling rights off the Indus delta for exploration.
The Minister in a statement issued for press said ExxonMobil had purchased a block of Pakistan's deep sea drilling rights off the Indus Delta for exploration.
EQT will retain the deep drilling rights across the acreage.
Oil firms that have won drilling rights during Mexico's landmark energy reforms have made little progress on developing about two-thirds of the projects because of the nation's tangled regulatory regime, according to company executives and government data
Despite two decades of efforts to improve relations, Greece and Turkey have seen a spike in tensions in recent weeks over disputed Aegean boundaries as well as over oil-and-gas drilling rights off the divided island of Cyprus.
On Israeli threats to Lebanon sovereignty and off-shore gas fields in the Mediterranean Sea, Tillerson said he mulled with Lebanese officials approaches to break a "stalemate" with Israel over gas drilling rights along the countries' disputed maritime border and maintain calm along the volatile frontier.
Hizbullah was not the only one to attempt to rake in political capital over drilling rights in the contested area, nicknamed Block 9.
David Nimkin, a senior regional director at NPCA, quoted in a New York Times article about the Bureau of Land Management's plan to auction gas and oil drilling rights to 94,000 acres of land near Dinosaur National Monument.
8 it plans to buy drilling rights from Noble Energy Inc.
In February, the BLM made its largest lease (https://www.heartland.org/news-opinion/news/trump-administration-makes-biggest-sale-of-federal-drilling-rights-in-four-years) sale in four years , selling drilling rights (https://www.blm.gov/press-release/blm-oil-and-gas-lease-sale-nets-over-129-million) on 278 parcels of public land for a total of $129.3 million .