Your Rights as a Mineral Estate Owner
Posted on Monday, January 4th, 2016 at 5:54 pm
America’s policies regarding mineral rights favor the property owners by giving them the right to do what they will with the resources on their land. This has been great for Texas land owners, as our state has had a rich history of mineral production since 1869. Approximately two thirds of Texas actively produces oil, and the state actually produced about 35% of the country’s overall oil output in 2013.
When a new reserve of minerals is discovered on land in Texas, the current owner of that land automatically comes into possession of the full rights to all the minerals that may be found there. Only in instances where previous property owners retained surface or mineral rights will a current owner not be given possession of these rights. Records of mineral right ownership are kept in local county clerk’s offices and available to all upon request.
There have also been many cases where landowners were not aware that minerals existed on their property until oil and gas companies brought it to their attention with inquiries and monetary offers.
If you are looking to sell your mineral rights in Texas, the professionals at The Mineral Auction can help you find buyers and secure the best deal available. Call us at (512) 698-2802 today to learn more.
