Usually there maybe more than the money involvrd. I am not sure about Louisiana law, but in Texas the Mineral Estate is the dominate Estate over the surface rights. As such, the mineral owner actually has more to say about what can and will occur on the surface of the land to acquire the mineral estate. This has caused severe hardship for those who did not own the mineral estate in Texas up to and including the mineral owner allowing drilling on the surface land many times way too close to the surface owners residence. This cause severe devaluation of that property owners property value, and not the least of exposure to drilling activities as close as 200 ft from their homes. Allowing right of way to drilling activity and actually TAKING of surface property to drill without the surface residence agreement. Giving up say so and surface rights should be calcilated into any upfront money. Also remember those who offer ALWAYS know more than you. They would not make significant offers IF they thought they were going to lose. They nearly always have a plan that might come back to dirupt your property. Always keep your mineral interest lease OK but sell never JUst IMO.
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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
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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 |
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