Idaho Mineral Owner's Subordination (of Rights to Make Use of Surface Estate)

State:
Multi-State
Control #:
US-OG-1046
Format:
Word; 
Rich Text
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This form is a mineral owner's subordination of rights to make use of surface estate.
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FAQ

Subsurface rights, also known as mineral rights or subsurface interests, refer to the legal rights and privileges associated with the ownership, exploration, extraction, and utilization of resources found beneath the surface of a piece of land or property.

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.

To own oil or any other mineral coming from your land, you must have mineral rights in addition to your property rights. In other countries, the government has a sovereign claim over all mineral rights. In the United States, private individuals can own mineral rights, unless already reserved by the government.

A property owner with mineral rights may explore, extract, and sell natural deposits found underneath the land surface. But surface rights only refer to exclusive rights to all physical property on the land.

Dominance of Mineral Estate This means that the owner of the mineral estate has the right to freely use the surface estate to the extent reasonably necessary for the exploration, development, and production of the oil and gas under the property.

In the United States, mineral rights can be sold or conveyed separately from property rights. As a result, owning a piece of land does not necessarily mean you also own the rights to the minerals beneath it. If you didn't know this, you're not alone. Many property owners do not understand mineral rights.

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Idaho Mineral Owner's Subordination (of Rights to Make Use of Surface Estate)