Texas Mineral Exploration License - Option to Lease
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FAQ
It involves the right to resources, minerals, oil and gas, and other things underneath the soil. 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.
In states with split ownership laws, land can be sold to only include surface rights. This means that if oil or gas is present under the soil, the landowner will have no legal rights to them.
On public land, a mineral surface lease is required granting approval to occupy the location and conduct mining activities. This is in addition to an Ammonite Shell Agreement. Apply through the Alberta Environment and Parks - Electronic Disposition System (AEP) or email: aep.info-centre@gov.ab.ca.
One of the easiest ways to estimate value is based upon cash flow. The royalty income you get each month can be a good indication of the mineral rights value in Texas. As a general rule of thumb, you can expect to sell mineral rights in Texas for 4 years to 6 years times the average monthly income.
Mineral rights in Texas are the rights to mineral deposits that exist under the surface of a parcel of property. This right normally belongs to the owner of the surface estate; however, in Texas those rights can be transferred through sale or lease to a second party.
As a general rule of thumb, the value for non-producing mineral rights will nearly always be less than $1,000/acre. In most cases, the mineral rights value in Texas for non-producing minerals will be $0 to $250, but producing minerals $25,000+ per acre is not unusual.
If you have a property that does not currently produce royalty income and you do not have an active lease, the value is nearly always under $1,000/acre. The average price per acre for mineral rights that are not leased is between $0 and $250/acre.
After a divorce, mineral rights can be transferred by submitting the divorce decree and conveyances to the county (where the minerals are located) for recording. They usually go to the same agency that records titles and property deeds. The county will return the recorded original documents to the new owner.
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.
