Understanding the division of surface and mineral estates
Posted on Tuesday, January 14th, 2014 at 5:24 pm
Land ownership under the Texas law includes two different sets of estates (rights), the surface estate and the mineral estate. Although surface landowners usually own the minerals found underneath their properties, several areas in Texas have surface estates and mineral estates divided. This division, or ‘severance,’ allows both the surface and the mineral rights to be separately owned by different people or entities.
In Texas, areas with a record of extensive mineral and oil development are oftentimes the areas where surface and mineral rights are severed. It is important to determine whether you own a property in which the mineral right is separated from the surface right by consulting a knowledgeable professional adept in understanding and interpreting laws surrounding surface and mineral rights ownership.
Knowing that you own the mineral underneath the property you possess provides you the chance to sell your mineral right to prospected buyers. However, selling your mineral right can be risky and complicated without the help of our experienced mineral rights brokers from The Mineral Auction. Call us at (512) 698-2802 to know more about how we can help you sell your mineral assets at the highest possible price.