Everything About Reverting Mineral Rights To Land Owners
Mineral rights are a hot topic in the United States right now. With the increase in oil production and fracking, more and more people are becoming interested in what they can do with their mineral rights. However, many don’t understand the difference between surface rights and mineral rights. If you’re one of those people, don’t worry.
In this article, we’ll define surface rights and mineral rights and highlight the differences between these 2 terms. Keep reading to learn more about it.
Mineral Rights Can Be Separate From Land Ownership
If you own your property, you’re the owner of your mineral rights. However, you can sometimes divide the mineral rights and surface rights into a split estate. If you purchase a plot of land, but the seller retains ownership of the mineral rights, they can still operate a well on your property.
In a few select states, mineral rights expiration occurs when a certain period of inactivity in mineral extraction is reached. In that scenario, the mineral rights revert to the landowner. This could take from 1 to 20 years, depending on your location. In more states, mineral rights do not expire or revert back to the surface owner. However, one must decide if waiting for activity is worth the lost gains of other investment opportunities.
Surface Rights vs. Mineral Rights
Surface rights are the rights to use and possess the land at or above ground level. These rights are obtained through ownership, lease, license, or easement. Limestone, gravel, sand, and subsurface water typically belong to the surface rights holder.
On the other hand, mineral rights are obtained through purchase, inheritance, or reservation. It’s the rights to underground resources, including oil, natural gas, and other minerals.
Why Sell Your Mineral Rights?
Selling your mineral rights has many benefits, such as:
- You can receive a large sum of money for your mineral rights.
- The new owner will be responsible for the drilling operations.
- You can keep your surface rights and still receive income from extracted resources.
Blue Flame Minerals, Your Reliable Mineral Rights Company
Are you wondering, “how can I sell my mineral rights”? Look no further than Blue Flame Minerals! We are a mineral rights company that can help you through the process of selling your mineral rights.
We’ll work with you to make sure that you get the best possible price for your mineral rights and that you understand the process from start to finish. Contact us today to learn more.