Got a question about minieral rights that were sold by my mother. I know that the rights will revert back to the land owner in ten years and one day from purchase if there is no activity. My question is what constitutes "activity"? Is an application for a permit "activity" or does there have to be a well in process or production? Thanks!
Wendell, you are referring to "prescription of a mineral servitude". Andrew has a couple of excellent blogs on LA servitudes in the site archive. The short answer to your question is that prescription is interrupted by a good faith effort to produce (drill a well). If the well is productive, the prescriptive period of 10 years is suspended and begins to run again from day one on the day the well ceases to produce. If a well is drilled and it is dry and plugged then prescription begins anew from the day the well is P&A'ed.
No other activity will suspend prescription. A drill bit must hit the dirt prior to day 3651.
Link to Andrew's Servitude blog:
http://www.gohaynesvilleshale.com/profiles/blogs/what-is-a-servitude
Skip, Thanks for the info.
You're welcome, wendell.
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
9 members
120 members
97 members
34 members
386 members
27 members
455 members
440 members
400 members
244 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