Colorado Stipulation of Ownership of Mineral Interest of Mineral Ownership in Specific Lands

State:
Multi-State
Control #:
US-OG-623
Format:
Word; 
Rich Text
Instant download

Description

This form is used when the parties each own undivided interests in the mineral estate in the following lands, and a question has arisen among the parties as to each of their undivided interest in the mineral estate in the Lands. In this form, the parties declare, stipulate, acknowledge, and establish of record each of their ownership interest in the mineral estate in the lands.

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FAQ

Industrial minerals currently mined in Colorado include quarry aggregate (crushed stone), sand, gravel, industrial gas (helium and carbon dioxide), limestone, gypsum, shale, nahcolite (sodium bicarbonate), and dimension and decorative stone.

Severed mineral interests are considered real property in Colorado law, and as such are subject to taxation.

Mineral rights are those rights that give a person/business the legal right to explore, remove and sell natural resources found beneath the soil surface. These resources include oil, natural gas, gemstones, coal, precious stones and metals.

Non-Producing Mineral Rights Value in Colorado Mineral buyers try to avoid these types of properties. You can expect to sell non-producing mineral rights for under $1,000/acre. The value typically falls in the $0 to $250/acre range.

Understanding Mineral Rights in Colorado The answer would be NO, not automatically. Their next question is ?I bought the property and the deed says I am receiving all right, title, and interest of the seller.? If the seller owned the minerals, then the minerals were also conveyed to you along with the surface.

When a single oil & gas lease is signed by owners of separate contiguous tracts of land or separate interests in the same tract of land a community lease is created under Texas law. Lessees can maintain all of the leased interests by production in paying quantities on any part of the lease.

Mineral rights are those rights that give a person/business the legal right to explore, remove and sell natural resources found beneath the soil surface. These resources include oil, natural gas, gemstones, coal, precious stones and metals.

Colorado recognizes the separate ownership of the Mineral Estate and the Surface Estate, each having distinct private property rights. When different parties own the surface and the subsurface - a common occurrence - this is referred to as a Severed or Split Estate.

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Colorado Stipulation of Ownership of Mineral Interest of Mineral Ownership in Specific Lands