Quote Originally Posted by james_bond_007 View Post
Correct me if I am wrong, but even if you don't own the mineral rights, you would still own the property.

Thus a 3rd party owning the mineral rights would have to lease/buy permission from you (the property owner) for egress/ingress, equipment storage (oil derrick, etc. ) , and anything else they needed that required access to your property so they could extract their minerals located under your property.

So if oil was found on your property, you could likely work out a deal for you to lease them access to your property, let them deal with extracting the oil, and perhaps require a royalty per barrel.
In a way, they do all the work, and you collect a check.

However, if they had access to the bordering property, I think they could drill from there, at an angle, and extract oil from under your property.

(I ask that someone with more first hand experience please comment on this...I don't want to mislead the OP.)
I'm not sure that's correct. If someone else owns mineral rights to your property you may not be allowed by law to block their access to those minerals (much like if someone owns a piece of property that is surrounded by other people's property, you have to allow them to access their property even if that means crossing your property to get there ... I believe it's called "Easement" or "Right of way" or something like that) I don't know if this counts for mineral rights.