Mineral rights in Texas are the rights of an individual to any oil, gas, mineral and resource deposit below the surface of a certain estate or property. The surface is the real property or visible estate where one would usually build housing or commercial...
What does it mean to “lease” mineral rights?
If you own property that is rich in desired minerals — meaning oil, natural gas and coal — then you may consider selling your land to an oil or gas company. Before you forfeit your rights to your property entirely, consider, first, the idea of leasing it. A mineral...
When must a company pay royalties on oil and gas proceeds?
If you own land used for oil or gas mining, you likely have an agreement for payment of royalties. These are part of the earnings made on selling the oil and gas obtained from your land. While your contract may have various details about your agreement, Texas law also...
The basics of selling mineral rights
A property owner in Texas who holds title to mineral rights may at some point want to sell or lease these rights to an oil and gas company. Market conditions change from month to month, so property owners should know the value of their holdings and some of the legal...
How may an oil and gas lease transfer to another party?
The Texas Natural Resources Code allows parties to transfer or relinquish their oil and gas lease agreements. As noted on the Texas Constitution and Statutes website, the transferee must take over the terms and obligations of the lease. A transferee takes...
RRC exceptions allegedly lead to theft of unleased minerals
Mineral rights represent a niche set of Texas law, but anyone with oil, gas or minerals on his or her property may want to know about them. Companies may offer property owners money to lease them. If you choose not to lease them, a state rule may help them find a way...
When may I file a mineral lien against an oil and gas company?
Contract or subcontracting work performed for an oil and gas company entitles you to collect payment for the labor and services you provided. As noted by the State of Texas Property Code, if a company fails to pay for your services six months after submitting an...
The profitability of mineral rights depends on the lease
People across the country recognize that Texas is a land rich oil and natural gas. Landowners in Texas can make a lot of money by entering oil and gas leases with a company that wants to extract these resources from the landowner’s ground. The oil and gas lease is a...
When someone contacts you about leasing your mineral rights
As a landowner who has recently been contacted about leasing the mineral rights to your property, you may be excited about signing the contract and enjoying the profits. At Kelsey, Kelsey & Hickey, PLLC, we often work with property owners who want to enter into...
Are mineral and surface rights separate?
When you live in Texas, the big American dream might be to strike oil. When it comes to land ownership, there are two categories. You can be a surface owner and a mineral owner. By default, when you purchase land, you generally purchase the surface and mineral rights....
