To: VRWCmember
Unlikely to do her any good without mineral rights.
19 posted on
02/04/2004 3:17:08 PM PST by
fso301
To: fso301
Bet they stick her with the 'super-fund' cleanup costs though...
I wouldn't surprise me the most infinitely tiniest amount these days.
To: fso301
Even if you don't own the mineral rights, it can be a boon in some cases. If the oil company can't recover the oil through other means (and the zoning restrictions don't preclude it) she can lease her land to an oil company and they can setup a "grasshopper" to pump it out. A great deal of "oil" money is made through land leases. While the land owner may not have mineral rights and subsequently benefit from an oil royalty, the oil company can't just force themselves on to the land.
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