How much is a net mineral acre?
To calculate the number of net mineral acres owned by a mineral owner, we multiply the mineral owner’s undivided interest in the tract by the number of acres in the tract. If I own a 1/4 mineral interest in Blackacre and Blackacre contains 640 acres, I own 1/4 X 640 = 160 net mineral acres.
How do you find out if there are minerals on your land?
Common ways to research mineral rights include: Reviewing County Records and Tax Assessor’s Documents – By performing a title deed search at the county records office, you can see the ownership history of any particular property over time.
Who owns the minerals under my land?
In the United States, landowners possess both surface and mineral rights unless they choose to sell the mineral rights to someone else. Once mineral rights have been sold, the original owner retains only the rights to the land surface, while the second party may exploit the underground resources in any way they choose.
How do you find out who owns mineral rights in Texas?
Who Owns the Mineral Rights on Your Property? If you’re interested in who owns your Texas Mineral Rights located below your property, the best place to start is your local County Clerk’s Office–not only is this a free resource; they typically have some of the most up-to-date information you can find.
What is the difference between an acre and a mineral acre?
Generally speaking, a mineral acre is defined as full (100\%) mineral interest in one (1) acre of land. If your decimal ownership in that 160 acre tract is 1/10th, you own 160 x 1/10 which equals 16 Net Mineral Acres (or NMA).
What does it mean to have mineral rights on your property?
Extent of the Mineral Owners’ Rights A mineral owner’s rights typically include the right to use the surface of the land to access and mine the minerals owned. This might mean the mineral owner has the right to drill an oil or natural gas well, or excavate a mine on your property.
Do you know who owns the rights to the land under you?
This means that in most cases, you cannot determine whether you own the rights to the minerals under your land just by looking at your deed. Owners are sometimes surprised to find out someone else owns the rights to the minerals under their land.
How do I separate mineral rights from my land?
An owner can separate the mineral rights from his or her land by: Conveying (selling or otherwise transferring) the land but retaining the mineral rights. Conveying the mineral rights and retaining the land. Conveying the land to one person and the mineral rights to another.
What are mineral rights in Washington?
Land Owner Vs. Mineral Rights in Washington State Mineral rights are property rights to underground substances such as oil, natural gas and precious metals. While in most countries these resources belong to the government, in the U.S. they usually belong to whoever owns the surface.