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Mineral Property & Mineral Rights - Mineral Royalties #energy #property #mineral #mineralresources
🏞️ Unlocking the Depths Beneath: Understanding Mineral Property and Mineral Rights 🏞️
When it comes to land ownership in the USA, things can go much deeper than meets the eye. We often hear about the value of real estate, but what about the hidden treasures beneath the surface? In this post, we demystify the concepts of mineral property and mineral rights to shed light on the intriguing world of sub-surface resources.
Mineral Property:
• ⛏️ Mineral property typically involves owning the sub-surface property exclusively through a "Mineral Deed."
• 🏡 As the mineral property owner, you gain exclusive rights to sub-surface resources like minerals, precious metals, oil, or gas.
• 🚜 Surface property rights, such as agriculture or construction, are the domain of the owner of the property deed, separate from mineral property ownership.
Mineral Rights:
• 🏭 Mineral rights are inherent to the mineral property owner.
• 💼 As the owner of mineral property, you have the legal authority to extract, sell, or lease sub-surface resources independently of owning the surface land above.
• 🌾 However, mineral rights holders do not have any say in surface land activities like farming, ranching, or building, as those rights belong to the surface property owner.
Mineral Property Severance by State: The laws regarding mineral property ownership and severance rights vary by state in the United States. Here is a list of states that generally allow property owners to sever their mineral property as a separate asset:
• #texas
• #louisiana
• #oklahoma
• #northdakota
• #newmexico
• #wyoming
• #colorado
• #montana
• #utah
• #kansas
• #arkansas
• #mississippi
• #alabama
• #ohio
• #westvirginia
Please note that the laws regarding mineral property rights can be complex and may have specific requirements and procedures for severance. It is recommended to consult with a legal professional for specific guidance on mineral property rights and severance in a particular state.
🌄 In summary, mineral property ownership grants exclusive mineral rights, allowing you to explore the riches hidden beneath your land. Surface property rights belong to the "Property Deed" holder, making land ownership a fascinating blend of depths and surfaces. 💎
#MineralProperty #MineralRights #LandOwnership
https://www.investopedia.com/articles/realestate/12/property-deeds-and-real-property.asp
https://www.investopedia.com/terms/m/mineral-rights.asp
Visit our website. https://mineralroyaltiesgroup.com/
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This video is meant for educational or entertainment purposes only. This video is not a solicitation. I am not a lawyer, CPA, or financial advisor and I am not giving legal, financial, or tax advice.
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