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Question about mineral rights
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<blockquote data-quote="DLD" data-source="post: 1182992" data-attributes="member: 19707"><p>It's very unusual, in fact almost unheard of, for any mineral rights to sell with land in this part of the country any more. I'm surprised you're getting the opportunity to buy even 50%. We own land and we own mineral rights but no mineral rights under any land we own. My wife and I both inherited what minerals we have - some of it's producing (oil and/or natural gas), some not. The non producing parcels make more money off leasing than the others do in production - none of it makes very much, but we have no interest in selling them either.</p><p></p><p>It may be different with mining, but owning any percentage of the mineral rights (or none) gives you no control in when, where or if they drill or seismograph. They'll pay, usually quite well, for surface damages, but whether or not the surface owner(s) own any or all of the minerals makes no difference. If they want to drill on you badly enough, they're probably going to end up doing it whether you want them to or not. They'll either pay you enough to change your mind or let you go broke fighting them. Same goes for pipelines.</p></blockquote><p></p>
[QUOTE="DLD, post: 1182992, member: 19707"] It's very unusual, in fact almost unheard of, for any mineral rights to sell with land in this part of the country any more. I'm surprised you're getting the opportunity to buy even 50%. We own land and we own mineral rights but no mineral rights under any land we own. My wife and I both inherited what minerals we have - some of it's producing (oil and/or natural gas), some not. The non producing parcels make more money off leasing than the others do in production - none of it makes very much, but we have no interest in selling them either. It may be different with mining, but owning any percentage of the mineral rights (or none) gives you no control in when, where or if they drill or seismograph. They'll pay, usually quite well, for surface damages, but whether or not the surface owner(s) own any or all of the minerals makes no difference. If they want to drill on you badly enough, they're probably going to end up doing it whether you want them to or not. They'll either pay you enough to change your mind or let you go broke fighting them. Same goes for pipelines. [/QUOTE]
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