Land For Sale In Bossier Parish Louisiana With Mineral Rights
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How to fill out Louisiana Agricultural Lease?
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FAQ
Purchasing Louisiana mineral rights is different from the way other states operate. Unlike other states where people retain ownership forever after purchase, Louisiana law states that Louisiana Mineral Rights revert to the original owner 10 years after the date of sale or the date of the last production.
The ownership of land in Louisiana does not include ownership of ownership of oil, gas, and other minerals occurring naturally in liquid or gaseous form, but the landowner does maintain the exclusive right to "explore and develop his property for the production of such minerals and reduce them to possession and ...
Also known as a mineral estate, mineral rights are just what their name implies: The right of the owner to utilize minerals found below the surface of property. Besides minerals, these rights can apply to oil and gas. Interestingly, mineral rights can be separate from actual land ownership.
In Louisiana for example, if you sell land, you may retain ownership of the minerals beneath it for a period of 10 years and one day at which time you must transfer such mineral rights to the current owner of that tract of land, but only if that owner has retained the land for the same period of time.
How to claim mineral rights in Louisiana? To claim mineral rights in Louisiana, the party seeking the oil or gas needs to conduct title research to confirm and determine that the state or state agency does own the land and rights of a property.