What good are mineral rights for the average Joe?

I agree with the person who says that when you but a piece of property that you own it lock, stock, and barrel, all the way to china. I do not understand why you can retain mineral rights to a property if you have no money invested in getting minerals out of the ground on your property. What in the world makes it right for someone to sell a property without selling everything, and I repeat, everything. I would go so far as to say, if the public would take a stand, and stop buying properties unless they got 100% of the property, maybe this could get the laws changed. I think that there are quite a few people out there, who, if they had been informed that they were not getting the mineral rights to their property, they would not have bought it in the first place. I think it is a shame that it is not a law to have to clearly state in the first sentence of a property sale whether or not they are getting all rights. This is something that should be addressed. Why is there not a state or nationwide Mineral rights registry, that ordinary people could access and know without a doubt what they are getting for their hard earned money. Why is there nothing in a deed or title that is current up to the minute of signing, that would let the buyer know what or where the mineral, surface, easements, leins, mortgages, and any thing else that might influence whether or not the buyer might want to spend their money on in buying the property? It looks like almost everything else in this country has to be spelled out for the ignorant people, (like ME), so how did this slip by, or was this a coincidence? It appears that money talks for the people who have it, and those who don't have it stay that way. It looks like the philosophy of the rich is to keep the poor people poor, Money talks, and poor people walk. I guess you get the drift.........Why is it so easy to hide the ownership of mineral rights? I don't think this is just a coincidence, It appears that maybe some lawmakers, or O/G companies, or someone with a big interest in mineral rights may have something to do with the ease of hiding mineral rights, If I am wrong, I apologize, but I don't think that this is something that just happened, or was overlooked. This is just my opinion,, and is worth just about as much as the time it took to write it down, yes this and a buck might get you a cup of coffee, (if you're lucky)

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Permalink Reply by Grillin' - MmmMmm on August 29, 2008 at 3:32
Parker: would you be interested in a nomination to be the GOP candidate for President of these United States? couldn't have said it better!!

Unfortunately, you and I are in the minority. Over half the people in this country pay nothing but expect everything. Hence why we get glad handing politicians elected on the promise of redistribution of wealth!

Government: protect the country, state, city, enforce the stinkin' borders, build the roads/rails/highways, and get out of the way for everything else. Everything else they do they screw up! Education? Check. Social Security? Check. Post Office? Check. Healthcare? Soon to be Check.
Permalink Reply by Bobi Carr ("parker") on August 29, 2008 at 3:35
I couldn't agree more.

I told my son if Hillary was elected that we would move to Canada. All I can say now is Hillary please come back.

I am praying for McCain.
Permalink Reply by Bobi Carr ("parker") on August 29, 2008 at 3:38
I hate to leave good company, but I have 4 1/2 acres of grass that I need to cut.

Unless the government would gratiously agree to do it for me and then raise my taxes 100 times more than what I would have to pay someone to do it.

I am just thankful that I am allowed to own property. Thank God this is still America.
Permalink Reply by Bobi Carr ("parker") on August 29, 2008 at 3:41
WHY I HAVE DECIDED TO VOTE DEMOCRAT





I'm voting Democrat because I believe the government will do a better job of spending the money I earn than I would.
I'm voting Democrat because freedom of speech is fine as long as nobody is offended by it.
I'm voting Democrat because when we pull out of Iraq I trust that the bad guys will stop what they're doing because they now think we're good people.
I'm voting Democrat because I believe that people who can't tell us if it will rain on Friday CAN tell us that the polar ice caps will melt away in ten years if I don't start driving a Prius.
I'm voting Democrat because I'm not concerned about the slaughter of millions of babies so long as we keep all death row inmates alive.
I'm voting Democrat because I believe that business should not be allowed to make profits for themselves. They need to break even and give the rest away to the government for redistribution as THEY see fit.
I'm voting Democrat because I believe three or four elitist liberals need to rewrite the Constitution every few days to suit some fringe kooks who would NEVER get their agendas past the voters.
I'm voting Democrat because I believe that when the terrorists don't have to hide from us over there, they?ll come over here, and I don't want to have any guns in the house to shoot them with..
I'm voting Democrat because I love the fact that I can now marry whatever I want. I've decided to marry my horse this time.
I'm voting Democrat because I believe oil companies' profits of 4% on a gallon of gas are obscene but the government taxing the same gallon of gas at 15% isn't.
Makes ya wonder why anyone would EVER vote Republican, now doesn't it?
Poor people have been voting for the Democrats for 50 years. They are still poor.
Permalink Reply by Bobi Carr ("parker") on August 29, 2008 at 3:43
Concentrate on this sentence

'To get something you never had, you have to do something you never did' When God takes something from your grasp, He's not punishing you, but merely opening your hands to receive something better. Concentrate on this sentence.....

'The will of God will never take you where the Grace of God will not protect you.
Permalink Reply by old as dirt on August 29, 2008 at 6:59
I have worked hard all my life(at a job that barely met the monthly bills) to pay for the 150 acres, minerals and all, I own free and clear. When I bought 10 of the acres the land owners kept the minerals. They have since reverted back to the land because there has been no production. The point I want to make is, I bought the land without the minerals because I wanted the land. I was lucky to get the minerals. Most people buy land, be it a lot or several acres, for a home place. They are not concerned with the minerals! They want a place to call their own!!! They would not be concerned with the minerals now if the bonus was for $100 or $200 as it has been in the past.It is only because they want the big bonus!!!!
Permalink Reply by Bobi Carr ("parker") on August 29, 2008 at 8:17
Old as dirt,

I agree whole-heartedly. I don't own the minerals on the 4 1/2 acres that I live on. I am not going to sue anyone for not telling me that I wasn't going to get them when I purchased my home. Nor do I expect the governement to get them for me.
Permalink Reply by Bobi Carr ("parker") on August 29, 2008 at 8:25
And as to the part about the rich getting richer, etc., I drive a vehicle with over 250,000 miles on it. The air works when it feel like it and it is battered and bruised. I could go out and buy a new one to "impress" people, but instead I invest my money.

There is no shame in trying to better oneself. I have worked toward becoming wealthy one day. When I do become wealthy, I will be proud that most of it came from hard work. If HS helps with that I will be thankful.

God blesses each and everyone of us. But what we do with those blessings determines whether or not we bless him back. I love the bumper sticker that says "America, bless God."
Permalink Reply by smith1 on September 2, 2008 at 6:52
I certainly agree with you, old as dirt, my husband & I purchased about 30 acres in elm grove about 12 years ago for a homesite, NEVER, even worried about the mineral rights. However, by the Lord's blessings the minerals reverted to us just 18 months ago and we did sign with Petrohawk just recently. But never did we envision this bonus money, we only wanted a lovely place in the country and we were double blessed. We have both worked hard all our lives, no one gave us anything. Still working and plan on still working to plan for our future and kids & grandkids.
Permalink Reply by princeton on August 29, 2008 at 13:24
If a standard buy sell agreement is used through a Realtor the seller fills out a disclosure form and one line is "mineral rights" With the the possible answers yes no or don't know. When we bought our 22 acres last year the seller checked don't know on mineral rights. We went to the courthouse and researched it ourselves. We would have still bought the land for the land the minerals were a nice bonus.
Permalink Reply by Bobi Carr ("parker") on August 30, 2008 at 4:59
If the people that are suing Brown are honest with themselves they would probably say the same thing that you are saying.

I know it is true for me. If my home had minerals that would be "lagniappe".
Permalink Reply by insomniacnla on August 30, 2008 at 15:12
Hey Parker,

I read one of the suits involving this and it was not what I expected. I think that the plaintiffs allege that they purchased a lot and also specifically their mineral rights (and they claim to have that in writing), 2 years later built their home, after their home was built, Mrs. X called the plaintiffs one day and said that there was something they needed to sign, that it would fix a typo on their original deed and paperwork and that she needed to bring the correction paperwork over right away, Mrs. X promised that she would provide a copy to the plaintiffs, plaintiffs believed her and signed, no copy was provided. The plaintiffs allege that later, they found out that they signed an act of correction stating that the mineral rights were to be retained by Mrs. X, her husband and the property company, Mrs. X also was the notary on the act of correction. There were a couple of other items mentioned concerning whether the act of correction was valid based on the notary and witnesses.

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