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Texas Mneral Laws
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<blockquote data-quote="backhoeboogie" data-source="post: 795187" data-attributes="member: 3162"><p>It can get complicated. The land I live on had 50% mineral reserves for 35 years and then they went to the owner. It was strange. I got half the minerals sometime in the 90's. </p><p></p><p>Grandaddy paid off some notes for folks who were about to lose property back in the depression. They would have lost their property and minerals to the banks. Grandaddy bought the notes for the minerals and let them keep the farms. It seemed like a win win at the time but now the future generations don't like the situation. I'm okay with it <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /> (Haynesville shale area)</p><p></p><p>I bought out some sibling's inherited land with the agreement they keep their minerals. Bought another piece of ground in July without minerals. I knew these things going in. That's just how it is. </p><p></p><p>It has gone both ways for me. </p><p></p><p>What does annoy me is the kids who could not wait for their parents to kick the bucket and sold the family farm as soon as they could (and did not make reservations). Then all this shale gas came along and they are crying foul. Those new cars and boats the spent their money on depreciated away. </p><p></p><p>What is wonderful is to see these farmers who have been living on next to nothing all these years benefit from mineral rights.</p></blockquote><p></p>
[QUOTE="backhoeboogie, post: 795187, member: 3162"] It can get complicated. The land I live on had 50% mineral reserves for 35 years and then they went to the owner. It was strange. I got half the minerals sometime in the 90's. Grandaddy paid off some notes for folks who were about to lose property back in the depression. They would have lost their property and minerals to the banks. Grandaddy bought the notes for the minerals and let them keep the farms. It seemed like a win win at the time but now the future generations don't like the situation. I'm okay with it :-) (Haynesville shale area) I bought out some sibling's inherited land with the agreement they keep their minerals. Bought another piece of ground in July without minerals. I knew these things going in. That's just how it is. It has gone both ways for me. What does annoy me is the kids who could not wait for their parents to kick the bucket and sold the family farm as soon as they could (and did not make reservations). Then all this shale gas came along and they are crying foul. Those new cars and boats the spent their money on depreciated away. What is wonderful is to see these farmers who have been living on next to nothing all these years benefit from mineral rights. [/QUOTE]
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