A buddy of mine purchased some acreage in '04. The cash sale language fails to address mineral rights issues/ownership, specifically. It simply states that the sellors or grantors ..."have bargained and sold and do by these Presents bargain, sell, transfer, convey, and deliver, with full warranty of title and subrogation to all rights and actions in warranty they may have against former owners, and free from all encumbrances, unto"..... buyer.
The closing attorney mailed a letter, dated several days after the sale to the buyer stating that the title was good, and valid, etc., but under encumbrance to an oil lease, (from sellor in 1995, ratified in 1997, to the oil company).
Does the buyer own any mineral rights?
Views: 321
Permalink Reply by Skip Peel - Mineral Consultant on Lacking a specific reservation of minerals by the seller in the deed, the buyer owns the minerals. The minerals are still subject to the existing lease in all its terms.
Permalink Reply by Darrell Blanchard on Thank you, Gosh and Skip.
The History of GoHaynesvilleShale.com
GoHaynesvilleShale.com (GHS) was launched in 2008 during a pivotal moment in the energy industry, when the Haynesville Shale formation—a massive natural gas reserve lying beneath parts of northwest Louisiana, east Texas, and southwest Arkansas—was beginning to attract national attention. The website was the brainchild of Keith Mauck, a landowner and entrepreneur who recognized a pressing need: landowners in the region had little access to…
ContinuePosted by Keith Mauck (Site Publisher) on May 21, 2025 at 6:00
246 members
359 members
121 members
193 members
146 members
400 members
101 members
150 members
166 members
9 members
© 2025 Created by Keith Mauck (Site Publisher).
Powered by
