As a property owner in the USA you need to know all about mineral rights laws. In most other places it doesn’t matter whether there are minerals lying under the surface of your property. It all belongs to the state anyway! So you must know firstly what all constitutes the word “minerals”. All metals and ores, non-metals, fossil fuels and sand, marl, peat and even rocks are all minerals. If there are minerals and you can find a buyer then you need to draw up a lease agreement with the buyer. Once the agreement is signed you get a compensation called the lease bonus. Once say the oil production starts you get the mineral royalty. There are laws governing these mineral rights and royalties in every state. Your oil and gas attorney will guide you about the laws and help you with the lease. Make sure you get full value for your property.
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