Replies to This Discussion

Permalink Reply by RL on July 17, 2008 at 10:17

Yes. I support the homeowners all the way. When they were in the processing of buying their homes they should have been informed that the did not have the mineral rights. Like most of us they just take for granted we do unless told differently.

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Permalink Reply by lambert park on July 17, 2008 at 10:46

Shouldn't the homeowner owner have asked about the minerals prior to the purchase?

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Permalink Reply by Bobi Carr ("parker") on July 17, 2008 at 11:07

They only transferred the minerals within the past few years. Older homes will still own the minerals. I will look up the suit when I get back.

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Permalink Reply by Bobi Carr ("parker") on July 17, 2008 at 11:07

2006, I think.

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Permalink Reply by Two Dogs, Pirate on July 20, 2008 at 11:43

A real estate abstract only goes back 54 years at the most. A mineral abstract goes back to patent. A mineral abstract costs a lot more money than a real estate abstract. A mineral abstract could cost more that the property being bought. An abstract is not required to buy or sell property. Mortgage companys require a real estate abstract and they tell the abstractor the length of time to run the land title.

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Permalink Reply by jr on July 20, 2008 at 11:53

hello tom glad to see you on the site. i never heard from you on the terrell well we talked about give me a call.

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Permalink Reply by Two Dogs, Pirate on July 20, 2008 at 12:25

Harley 1, I don't know who you are, so please drop me a hint as to who you might be. I think that I may know who you are because you have an interest being held by production (HBP) on a well that hasn't produced and hasn't had a pipeline hooked to it in about 15 years but the operator claimed production for the month of November 2003, funny that he put a workover rig in place when he learned of our leasing activity in the area. Scumbag people are out there that claim to be legit, they hurt me in what I do and you as a mineral owner being HBP to a bogus deal. If people will unite on this site we may be able to run the trash out of the oilfields. Don't get me wrong "I am oilfield trash" but not the one that takes advantage of others. As I have said before the OGML evolves with the prospect.

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Permalink Reply by louisiana lady on July 17, 2008 at 13:57

In July 2006 Brown Builders, LLC deeded their mineral rights on land and homes under development to individuals (Brown family). When the homes closed in the various subdivisions Brown Builders, LLC did not own the minerals. If you purchased prior to 7-06 you probably own the mineral rights. Check your contract for sale and your deed. Only recently has the standard Realtor contract and Seller's disclosures specifically addressed mineral rights , in Shreveport Bossier. Prior to the HS, drilling in urban settings and subdivisions was not the norm

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Permalink Reply by Randy on July 17, 2008 at 14:20

I don't suppose it is nice, but it is completely legal, he's not the only one to do it.

Randy

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Permalink Reply by Bobi Carr ("parker") on July 17, 2008 at 18:22

These were his minerals to keep.

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Permalink Reply by Florida Ginnie on July 19, 2008 at 9:36

Hello,
I have a friend who bought property in 2001 which he thought he owned all of the rights when he closed with the title co. He then sells his property in 2005 still thinking he owned all rights, the buyer has a title that does not disclose no mineral rights.The buyer goes to records to see if mineral rights are in their name and the clerk states that my friend bought property in 2001 and the seller holds the mineral rights, therefore he sold property he never had mineral rights to sell to the other party in 2005. Now what? I believe the title companies should have some responsibility. They do research, and are hired to make sure people that hire them are aware of any defects during there research besides judgements, liens etc. or NO MINERAL RIGHTS on their property they are buying. However, when reading the title work they disclose in small print they are not liable in any way shape or form. Any suggestions? Anyone else with this situation? Thank You

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Permalink Reply by insomniacnla on July 19, 2008 at 10:29

In most title opinions in urban areas, the opinion will state "minerals not examined". Sometimes, a separate title search is performed, if requested, that will research the mineral rights but the parties have to request this specifically.

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