You can go to http://law.justia.com/louisiana/codes/21/21.html to see the LA mineral code.
Th basic idea is, when you sell your mineral rights, whether by conveying the porperty without a reservation or by a mineral deed you are selling the chance to get royalties from future production.
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Oil & Gas ProThe_Baron said…
Th basic idea is, when you sell your mineral rights, whether by conveying the porperty without a reservation or by a mineral deed you are selling the chance to get royalties from future production.