Minerals - defined as fossil fuels, metals and their ores - include non-metals and even gravel or peat. In the USA, the right of ownership of the minerals beneath the surface of our property rests with the owner. Therefore, an agency interested in buying mineral rights can do so without buying the surface property. Further, the owner can sell or lease the oil and gas rights alone and the other minerals separately. Thirdly, the sale or lease of US mineral rights could be up to a certain depth only. Mineral rights can be confirmed by studying the deed to the property.
The agency interested in buying mineral rights should therefore refer to the deed. Mineral rights could also be leased for a period decided upon by the owner, the lessor and the producer, the lessee.
The agency interested in buying mineral rights should therefore refer to the deed. Mineral rights could also be leased for a period decided upon by the owner, the lessor and the producer, the lessee.
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