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To: SatinDoll

Who owns the mineral rights?


11 posted on 06/09/2013 1:02:49 AM PDT by 3Fingas (Sons and Daughters of Freedom, Committee of Correspondence)
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To: 3Fingas

My sister now does. This land has been in the family for over a century.


12 posted on 06/09/2013 2:51:20 AM PDT by SatinDoll (NATURAL BORN CITZEN: BORN IN THE USA OF CITIZEN PARENTS.)
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To: 3Fingas; SatinDoll
"Who owns the mineral rights?"

As the article points out, they are talking about the Monterray Shale, of which, a large part of it is split estate. The surface rights are privately owned and the subsurface rights or mineral rights are owned by the BLM.

Obama's Interior Dept first auctioned a smaller portion of these BLM subsurface rights in 2011 and then a larger portion in Dec 2012.

When it comes to drilling in a split estate, the surface owners don't receive royalties so they usually oppose drilling.

Whereas SatinDoll's sister owns both the surface and sub-surface rights, there are going to be a landowners opposed to this drilling because they have to suffer the activity of drilling but won't receive a royalty. NIMBYs.

The sister's land is probably not covered by this activity thus far, but a oil company land man could approach her in the future about a drilling lease. It is always a good idea to talk to a lawyer first.

15 posted on 06/09/2013 4:52:38 AM PDT by Ben Ficklin
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