What You Need To Know About Water Rights
Mineral rights are an important part of the oil and gas industry. When you own mineral rights, you have the right to drill for oil and gas on your property. Mineral rights also include the right to produce, process, and transport those resources. However, many people are not aware that water rights are included in mineral rights.
This article will discuss water rights and how they are related to mineral rights. We’ll also discuss the similarities and differences between water and mineral rights. Keep reading to learn more!
What Are Water Rights?
In terms of water law, water rights are a user’s right to take water from a certain source, such as a river, stream, lake, groundwater, or surface water. Water rights can be categorized into surface water rights and groundwater rights.
Surface water rights are the rights to use water on the earth’s surface, such as in a river or stream. Groundwater rights are the rights to use underground water, such as in an aquifer.
Are Water Rights Usually Included With Land?
It depends, as we said, on what you’re buying and whether the property’s previous owner had title to the water rights. It may also depend on where the property is located, so it’s a good idea to hire an attorney to assist you in locating and examining the title of your purchase.
Also, remember that water rights can be bought and sold separately from the land. So, even if your property doesn’t include water rights, you may still be able to purchase them from another party.
Water Rights vs. Mineral Rights – Similarities and Differences
Now, let’s take a closer look at the similarities and differences between water rights and mineral rights. Water rights and mineral rights are natural resources that can be bought, sold, or leased. They can also be inherited. In addition, water rights and mineral rights can be used for commercial or agricultural purposes.
If you live in a state that follows the prior appropriation theory, the water rights owner can be anyone. This is similar to severed mineral rights, where anybody may own the minerals beneath a given piece of property even if they don’t own the surface rights.
In states that follow the riparian theory, the landowner on the bank of a waterway owns all rights relating to that watercourse. This is comparable to fee simple ownership of a property with ownership of the subsurface mineral rights below it.
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Are you wondering, “how can I sell my mineral rights”? If so, look no further than Blue Flame Minerals. We are the leading mineral rights company in the United States. We’ll help you sell your mineral rights, including surface and water rights.
Our company has a proven track record of success. We’re dedicated to helping our clients get the most value for their mineral rights. Contact us today to learn more about our services!