Mineral Rights Question?

[Zundfolge]

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.

[Hound]

This is what I was going to comment on. I was looking to buy 40acres out east . It came with both water and mineral so I had many of the same questions. I would not buy any land that did not come with them explicitly once I found out what it really meant. Not a lawyer so all comments should be taken as such. If you don't own mineral rights they can park a well 50yds off your back door and you can't do squat about it. Complete with a fire tube if required. I had nightmares about hearing the 'squeak' .... 'Squeak' every night as some jerk drives on my property at 2AM to check the damn thing. As for water, if you have well water, my understanding is, you have to have the water rights or you will be paying whom ever does. Even if you don't have them, if you want a well in the future... It also makes sense just from a "you own you home" standpoint.

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.

[th3w01f]

Working the the water resources department was kind of cool, the woman did some research and came back with the original plans for a 'Livestock Water Tank" from 1951.

http://dwrweblink.state.co.us/dwrweb...5-62627e27796c

She said it's a very little discussed topic around there but that they're generally exempt.