Mineral Rights Question?

Mineral rights are real estate records and generally recorded with the County Clerk and Recorder. Also any easements are recorded there. Leases may be recorded but usually not, I have no knowledge of O&G.

Water can be both personal and real property, so not all water rights are recorded with the County Clerk. The state engineer usually can point you in right direction.

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Originally Posted by Irving

The only lease I've had experience with was for 3 years, and I'm under the impression that is the norm, as a shorter lease is more lucrative for the owner of the mineral rights.

You could just buy a town house and not have to worry about any of this stuff. ;)

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This whole thing does make staying in the suburbs sound attractive, or at the very least, making sure we own the water and mineral rights.

I didn't think to ask what she meant, but the lady said he had a BIG lease so I'm guessing he has been buying up the mineral rights in the area since a 10 acre lease doesn't sound BIG to me. Even if the lease expires I'm sure he'd happily lease them out again.

Personally, i'd walk and look for a different property.

Got the lease papers from the current owner (they're 50% owners), only got $10 for a 5 year lease but 3/16 of any output. At the moment I'm trying to get them to sell the rights to us since they're saying it's very unlikely there will every be any drilling. .20 per acre per year isn't soemthing worth holding out to if it's never going to be drilled. :) Currently leased through early 2016 and no permits or requests in place at the moment.