This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
Ohio Surface Use by Lessee and Accommodation With Use of the Surface
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Multi-State
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US-OG-829
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Word;
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How to fill out Surface Use By Lessee And Accommodation With Use Of The Surface?
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FAQ
Surface Rights in Ohio Surface rights are the rights that grant surface owners rights to the surface area of a property. This surface area includes any farm, garage or surrounding land in a property.
If you have non-producing mineral rights and do not receive a royalty check, the value is difficult to determine. You could expect anywhere from $750/acre to $3,000+/acre depending on your location in the county. If you are currently leased, that will also play a role in how much your mineral rights are worth. Value of Mineral Rights in Harrison County Ohio marcellusmineralowners.com ? value-of-mineral-r... marcellusmineralowners.com ? value-of-mineral-r...
The value of mineral rights per acre differs from state to state. Typically, the price ranges from $100 to $5,000 per acre in several states. The Value of Mineral Rights | DW Energy Group dwenergygroup.com ? the-value-of-mineral... dwenergygroup.com ? the-value-of-mineral...
Under the Accommodation Doctrine, the surface owner must generally show that the particular surface activities are not ?reasonably necessary? to extract the oil or gas. Haupt Inc. v. Tarrant County Water, 870 S.W.
Similarly, the Ohio Supreme Court found that the Ohio Legislature enacted the Dormant Mineral Act to provide a method to terminate dormant mineral interests and reunify the abandoned mineral interest with the surface interests in order to promote the use of the minerals under the land.
You may have title to mineral rights on a property you own, or they may have been sold or leased by a prior owner, in which case they may not be yours to sell. Real estate law firms can research your chain of title to determine if the mineral rights transferred from owner to owner.
Whether you have an offer on the table or not, you may have good reasons to sell your mineral rights: To pursue other opportunities. If you have a nonproducing property, you might have to wait years for anything to happen ? and nothing may ever happen, even after multiple leases. Should You Sell Your Mineral Rights? - Bessemer Trust bessemertrust.com ? insights ? a-closer-look... bessemertrust.com ? insights ? a-closer-look...