What would it take to force a division of mineral rights if the mineral rights are owned by a large group of individuals? In this situation, the land is divided among the heirs but not the mineral rights.
Tags:
Good question. Personally I prefer to have undivided mineral interest in the whole tract. One can control ones interest as they see fit. And others can do the same. You are not bound by anything they do. I suppose there must be some motive. I have been faced with same situation and always opt for undivided interest. But, I am just a geologist, so I look forward to one of our land persons take on this. Maybe it will help others.
Suppose there is a non-unitized well on the land and you divide mineral interests. Would one person who is fortunate enough to get the parcel with well on it get the gold mine while the others get the SHAFT?
There are no wells at this time.
First, what state? Mineral laws differ. Second, it sounds from your cursory description that the minerals are undivided interests. For example is you own one-tenth of 100 acres of minerals, you own 10 net mineral acres. In LA. you have the right to basically do as you wish on your own with your mineral interest.
The state is Louisiana and you are correct that the minerals are undivided interests.
Depending on the size of the mineral interest there is likely no advantage "to force a division of mineral rights".
To answer your question of 'what would it take'. It would take the mineral owners agreeing to such a division in writing.
Does it take all the mineral owners or just the holders of a majority of the interest in the mineral rights?
If you are wanting to divide the minerals so that all the minerals under a given surface parcel are owned by that same surface owner, then it would take all the undivided mineral owners under that given parcel, regardless of how much they invidually own, to agree.
A mineral owner(s) can buy, sell, trade their undivided or divided minerals, or any portion thereof, to whomever for whatever regardless of how much they own.
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
386 members
27 members
455 members
440 members
400 members
244 members
149 members
358 members
63 members
119 members
© 2024 Created by Keith Mauck (Site Publisher). Powered by
h2 | h2 | h2 |
---|---|---|
AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
Links |
Copyright © 2017 GoHaynesvilleShale.com