mineral rights


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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 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.