South Texas counties want to benefit from mineral rights

Posted on Tuesday, January 13th, 2015 at 5:34 pm    

Counties in the oil-rich Eagle Ford Shale in South Texas wish to lease rights of way and mineral rights underneath county roads to repair those roads damaged by heavy-duty carriers of oil field equipment, The Texas Tribune reported.

However, a 1960 ruling by an attorney general regarding the state’s sovereignty over roads prevents counties from negotiating for and receiving revenue from leases. DeWitt County Judge Daryl Fowler and representatives from other counties plan to seek legislation that would allow counties to negotiate or at least receive some revenue from mineral rights leases and royalties. Fowler said it is right for counties to receive a part of the revenue from mineral rights beneath roads, as they are the ones who typically maintain and repair roads.

The 54-year-old opinion indicates that leases and royalties from mineral rights found beneath roads should go to the state general fund.

The revenue from mineral rights can also be economically favorable to the individual families who own them. If you want to reap the full benefits of the mineral rights you own in Texas, consider selling them with the help of our team of mineral rights brokers at The Mineral Auction. Call us today at (512) 698-2802.

Recent Mineral Rights Posts

Aug
31
Ownership of Mineral Rights: How do I know who owns the rights? How do I go about selling them?

If you are a property owner in an area that has precious resources like oil, gas, or minerals, you m... Read More

Jan
09
Who might buy your mineral rights

Selling mineral rights is much more different than selling most items or property. It goes further t... Read More

Jan
05
Cautions before selling mineral rights

The world of mineral rights is highly marketable, which is one of the reasons companies work hard ... Read More

Ready to get started? Call us today - (512) 698-2802