Maine Mineral Owner's Subordination (of Rights to Make Use of Surface Estate)
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FAQ
Surface rights determine who owns the rights to the surface of the land, while mineral rights determine who has the right to mine the minerals below the surface of the property. Mineral rights include oil and natural gas resources.
Surface rights are what you own on the surface of the property. These include the space, the buildings and the landscaping. Mineral rights, on the other hand, cover the specific resources beneath the surface. In areas designated for mining, it's common for surface rights and mineral rights to be separate.
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.
Two sets of rights exist for land in Alberta: surface rights and subsurface rights. The majority of the subsurface rights are owned by the Crown, but when Canada was first homesteaded, individual settlers were sometimes granted title to both the surface and subsurface.
Mineral rights are the rights to any natural resources that are present beneath a piece of property, such as oil, gas, coal or even gold.
A subordination agreement is one where the lending party agrees to assign the pre-existing lien a lower priority to a subsequent oil and gas lease. As a result, it is as if the lease had been executed and recorded prior to the lien.
Surface Right means the right in rem of an individual or a legal entity, which is established for a time period of up to 99 years, to construct a building within public property and to exercise on such building the powers captured by the right of ownership, in ance with Articles 18 to 26 of Law 3986/2011, as in ...
Mineral claims can only be registered by individuals who have obtained Free Miner Certificates from the Ministry of Energy, Mines and Petroleum Resources. Residents of Canada over the age of 18 can acquire a Free Miner Certificate and can then register a mineral claim.