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Your thoughts on mineral rights
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Posted by Redmud on September 17, 2004 at 13:06:09 from (216.167.146.110):
I need to vent on a subject that hits a sore spot with me. I own my house and land that I live on, but I don't own the mineral rights. now the owner of the mineral rights never owned this land, and he received the minerals in his inheritance years ago. I don't see anything wrong with someone having mineral rights to a piece of land they don't own, but I think there should be a time limit of five or ten years and then the minerals go to the land owner. in my aera of Texas it seems that a lot of the minerals belong to folks out of state and they don't even have a clue they own them. And another thang, if a man doesn't pay his tax the county takes his land as it should be. but the county never takes the minerals, now who pays tax on the minerals? land owner? the guy that doesn't even know he own's them?? Do any of you see anything wrong with this or is it just me?
Redmud:
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