Mineral rights in Texas are the rights to mineral deposits that exist under the surface of a parcel of property. This right normally belongs to the owner of the surface estate; however, in Texas those rights can be transferred through sale or lease to a second party.
How do I know if I have mineral rights on my property in Texas?
The only way to determine your rights is to conduct a search of the public land records in the county where the property is located. All the deeds conveying the property must be reviewed. This is known as reviewing the property’s Chain of Title.
How to transfer your mineral rights in Texas?
If you’re going to transfer mineral rights, it’s best to first secure the services of an experienced real estate or oil and gas law attorney. While the aforementioned provides general information concerning the transferring of mineral rights in Texas, there are many potential legal issues to take into consideration.
Can a mineral estate be sold in Texas?
However, the law in Texas and many other states permits severance of the two estates to permit the surface estate and the mineral estate to be owned by different owners.
What happens if you own mineral rights in Oklahoma?
If your mineral rights are in Oklahoma, there’s a better than average chance that the land they are attached to is already producing oil or gas, and you will be collecting royalties. In 1927, Oklahoma was the highest producing oil region in the world.
When to ask questions about inherited mineral rights?
Often, the arrival in the mail of an oil and gas lease proposal is the first time people even become aware of inherited mineral rights, and thus have reason to educate themselves about the matter. Generally seen as a welcome inquiry, a lease proposal prompts a number of questions. Is this a fair deal? Do other family members know about this?
