selling leased property

I signed a 3 year lease with 2 option years on my property 3.5 years ago and have since sold the property. I didn't see the deed but I told my realtor to let the mineral rights go with the property. Here's my question: If production starts who will get the royalties, me or the new owner until the lease expires?

Views: 24

▶ Reply to This

Replies to This Discussion

Permalink Reply by P.G. on August 21, 2008 at 15:03
If you sold the property without reserving the mineral rights, likely the buyers will get the royalties. They own the mineral rights now.
Permalink Reply by Bobi Carr ("parker") on August 21, 2008 at 15:25
The new owner will receive the royalties.

Minerals transfer unless specifically reserved in the Deed.

I have previously purchased property that was subject to a mineral lease. The seller did not reserve, and I now receive royalties.

RSS

Support GoHaynesvilleShale.com

Top Content 

1 Seller Beware!!! How Mineral Companies Work Together.

Seller Beware!!! How Mineral Companies Work Together.
2 Haynesville Drilled Along Section Line

Haynesville Drilled Along Section Line
3 Haynesville Fairway could support drilling into the 2050s?

Haynesville Fairway could support drilling into the 2050s?
4 Mitsubishi Corp in talks to acquire Aethon Energy Management

Mitsubishi Corp in talks to acquire Aethon Energy Management
5 What is the meaning of a Unit Well?

What is the meaning of a Unit Well?
6 Flywheel Energy - Fayetteville Shale

Flywheel Energy - Fayetteville Shale
7 Survey Platt

Survey Platt

Blog Posts

Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??

In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of)  nor local residents appear to have received any compensation for the minerals extracted from their land.

This area has suffered immense environmental degradation…

Continue

Posted by Char on May 29, 2025 at 14:42

Not a member? Get our email.

Groups



© 2025   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service