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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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To: Ben Ficklin
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.

Owners of surface rights are due compensation for disturbance of the surface, can rent out rights-of-way for roads, pipelines, etc, and are in a position to demand surface damages and production location rent as well, if production infrastructure is positioned or drilling activity is carried out on their property.

Have a knowledgeable attorney look over any contracts before signing--if it isn't in print, it isn't included--make sure the compensation is sufficient and comprehensive in print before signing.

Just leasing or owning mineral rights does not grant access or surface rights.

24 posted on 06/09/2013 6:50:27 AM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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