A Texas Surface Use Agreement is a legally binding contract that governs the use of surface or land for various activities such as drilling, exploration, development, production, and transportation of oil, gas, and mineral resources. It is an essential document that establishes the rights and responsibilities between the surface owner and the mineral rights holder or operator. Keywords: Texas, surface use agreement, legally binding contract, surface owner, mineral rights' holder, operator, drilling, exploration, development, production, transportation, oil, gas, mineral resources, rights and responsibilities. There are different types of Texas Surface Use Agreements: 1. Surface Damage Agreement: This type of agreement is typically used when mineral rights holders require the use of the surface owner's land for conducting activities like drilling, production, or installation of pipelines. The agreement outlines the compensation to be paid to the surface owner for any damages caused to the surface, such as access roads, surface disturbance, or land degradation. 2. Pipeline Easement Agreement: When constructing pipelines or other linear infrastructure, operators may require an easement agreement to provide access to the surface owner's land. Easement agreements establish the rights and permissions granted to the operator for installation, maintenance, and repair of the pipeline, while also compensating the surface owner for the use of their land. 3. Surface Lease Agreement: In some cases, surface owners may enter into a surface lease agreement with the operator or mineral rights' holder. This agreement allows the operator to use the surface owner's land for drilling, exploration, production, or related purposes in exchange for periodic lease payments or royalties. 4. Water Use Agreement: This agreement may be necessary when operators require access to surface water or groundwater for drilling, hydraulic fracturing, or other industrial activities. A water use agreement establishes the terms and conditions for the quantity of water to be withdrawn, compensation for water usage, and agreements related to water quality protection and conservation. In summary, a Texas Surface Use Agreement is a critical document that outlines the rights and obligations for using surface land for oil, gas, and mineral activities. Different types of agreements are used depending on the specific requirements and circumstances involved.
Texas Surface Use Agreement
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The general rule of thumb for the value of mineral rights in Texas is 2x to 3x the lease bonus you received. For example, if you got $500/acre when you leased your property, you might expect to sell for somewhere between $1,000 to $1,500/acre if you were to sell mineral rights in Texas.
Not owning the mineral rights to a parcel of land doesn't mean your property is worthless. If someone else owns the mineral rights and they sell those rights to an individual or corporation, you can still make a profit as the surface rights owner. You have the rights of ingress and egress.
The following are methods for establishing mineral rights ownership: Deed. A deed is used to transfer mineral rights ownership from one party to another. Lease. ... Severance. ... Adverse Possession. ... Surface Use Agreement. ... Royalties. ... Mineral Estate. ... Texas Railroad Commission.
Yes, it can be beneficial to sell your mineral rights for a fair price, even producing rights. First, sellers must be aware of the different stages of the production process. They must also know the value their minerals and royalties command in every development stage.
Without mineral rights, the buyer forfeits any potential financial gains that could have been made from extracting valuable resources. If the land does contain valuable minerals or resources, the buyer will not benefit from any royalties or leasing agreements.
Typically, the price ranges from $100 to $5,000 per acre in several states. In Texas, the average price per acre for non-producing mineral rights is usually between $0 and $250 per acre, as a general guideline. $250,000 or more per acre for producing minerals is not unusual.
If you intend to conduct a mineral rights search in Texas, here are several approaches you could take into consideration: Get in touch with a Title Company. ... Hire a Landman. ... Contact the Texas Railroad Commission. ... Consult with an Expert. ... Go over Public Records. ... Examine the Property Deed. ... Check the County Clerk's Office.
In Texas, the mineral estate is a separate interest in land that can be severed from the surface estate. The severance gener- ally occurs in one of two ways. Either the landowner sells the minerals and retains the surface, or more commonly, the land- owner sells the surface and retains the minerals.