Re: Your thoughts on mineral rights

Posted by PKurilecz on September 19, 2004 at 08:43:02 from (69.148.70.126):

In Reply to: Re: Your thoughts on mineral rights posted by Dozerboss on September 18, 2004 at 11:16:31:

Hello Dozerboss:

For me, when buying land, I recommend asking the seller exactly what is being sold. Is it fee simple? What is being reserved? What easements exist?

Getting a copy of the seller's deed is very easy. I know in Texas, I can go to the County Courthouse and look it up in the Deed Records. For a dollar per page, I can get a copy.

I don't know if the remark about the "guy getting rich" was directed at me or not. If it was, I can assure you that I am not. I make a living at. Right now, I drive an 18 year old pick up with 260,000 miles on it and my wife is nagging me to replace it. My feelings are, it doesn't look great, but it runs and the wheels haven't fallen off just yet. Besides, if they do, I'll just have to put them back on and hope that they don't fall off for a while longer.

I remember one project that I had where I was trying to determine the mineral ownership on a piece of land in Texas. The land had been cut up, subdivided, combined with adjoining acreage, subdivided again, and combined again with different acreage. The original tract of land with the mineral reservation dated from about 1905. I spent about six weeks in the Deed records tying to find out who currently owned the mineral rights. In the end I had to give up on the project, because I could only identify about 35% of the mineral owners. Income during that period: $0

Hope all is well for you.

PKurilecz

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