Mineral Rights must be Researched before Leasing

Once mineral ownership has been determined negotiations for oil and gas lease can begin

. Only a mineral owner may legally execute a legally binding agreement for oil royalties. Surface owners have minimal input in the negotiation of the lease. Surface owners are only entitled to the use of the surface of the land and not the minerals beneath. The surface owner can, however, negotiate for the damage that will be done in building the drilling pad.

Mineral Rights must be Researched before Leasing

By: McCartney Taylor

POST COMMENT

Accounting Jobs In Delhi Now In Ample Relocate With Professionals - Royal Relocation Services Why You Need a 30/60/90-Day Plan to Shine in Your Job Interview Can You Over-Prepare for Your Job Interview? Job Search Tip: Is "No Experience" Stopping You From Getting Your Dream Job? 10,000 Scholarships For Working Dads - Scholarships For Dads Free! Description And Working Of Swimming Pool's Maintenance Tools Doecc Courses-nature Of Job And Future Prospects Working With A Sales Recruitment Agency Is An Investment In The Future Sales Recruitment Melbourne Has Higher Rate Of Success With Job Placement Sales Recruitment Melbourne Based Agencies Offer More Than Just Job Placement Growing Number Of Jobs In The Rapidly Developing Algeria The Hearing Impaired Job Searcher