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  1. #24
    The "Godfather" of COAR Great-Kazoo's Avatar
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    Quote Originally Posted by th3w01f View Post
    But the internet is free. You just made the prospect of buying just about any house on land somewhat daunting.

    I get what you're saying about a lawyer but I'm guessing that means I would need someone on retainer to review every property we might be interested in since, like water rights, none of smaller lots we've looked at have come with mineral rights.

    Anyone know if there's a bunch of drilling in the Elizabeth area? The area is zoned as a residential subdivision ( up here the derricks are in between housing / platted lots) but I'm not sure if that means anything or if they could just go into the middle of the city and drill as long as they met the required distances (Yes) .
    You're over thinking and complicating the buying issue. Get the seller AND realtor, to explain exactly what the mineral rights you do not get entail, IF you buy the property. It's the realtor's responsibility to have disclousre on property thay are listing.
    Make sure what he says is in writing and you have an O&G attorney simplify it for you. They run $150-275 an hour, no free consultation. That money laid out could solve issues down the road, IF you look out one morning and see them putting up berms next to your shop.

    The internet is not the place to think what your next step or options are. Ideas & suggestions, yes. Legal advice that protects you, not w/out said advice possibly putting them in a jam.

    but, but an attorney on line said i could.


    DISCLOUSRE: I'M NOT AN ATTY, REALTOR, OR ONE SELLING THE PROPERTY. JUST someone who has run in to issues like this before. It was worth the money spent on an attorney BEFORE hand. YMMV.
    Last edited by Great-Kazoo; 05-05-2015 at 18:10.
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