Monday, March 2, 2009

Mineral Rights

Comment: Listed below are mini clips about mineral rights, just click on link to go for complete article:

http://geology.com/articles/mineral-rights.shtml

Mineral Rights

Basic information about mineral, surface, oil and gas rights

http://www.post-gazette.com/pg/06113/684429-85.stm

Mineral rights give gas drillers free rein

By Caitlin Cleary, Pittsburgh Post-Gazette
Long-standing state laws that split mineral rights from surface real estate are creating big winners and big losers in the current natural-gas gold rush in Western Pennsylvania.
The winners hold the mineral rights. For them, signing a drilling lease with a gas-producing company can be a lucrative transaction. They are entitled to one-eighth of the royalties and can negotiate free natural gas for their homes.
The losers are landowners who find that their mineral rights were severed from the surface property years ago. They have no control over whether wells are drilled on their property.

http://www.thedickinsonpress.com/articles/?id=20735

Mineral rights showdown at Badlands ranch

Montana man who wants to mine gravel on the Badlands ranch where Theodore Roosevelt once ran his cattle is comparing his dispute with the U.S. Forest Service to an Old West stare-down. He says he won't blink.
"If they want me out of the picture, pay me $2.5 million and I'll go back to Montana and they'll never here from me again," Roger Lothspeich said. "Or I'm going to mine that ranch for decades and decades to come."

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