If you are living in Texas, you must be interested in knowing about Texas gas royalty and the difference between Texas mineral rights and Texas surface rights.
Considering the shortage of oil worldwide, rising fuel prices, and Middle East acting pricey, there has been an apparent race among the drillers and mineral development companies to explore more mines in Texas than ever. Not all land owners know how to deal with drillers and mineral development companies as regards Texas gas royalty laws and the Texas mineral rights up their sleeves, if any.
It is any day attractive for the landowners to think about the bonus and money their land may generate. However, wake up time it is when they learn about the fundamental difference between surface owners and Texas mineral rights.
In case the landowners don’t explicitly reserve their rights over minerals in the document of transfer of property, the buyer automatically gets the mineral rights along with surface rights.
Thursday, December 10, 2009
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