Real Estate Tips from Bob Rich-Mineral Rights.

When properties are sold, the rights to the minerals in the soil below are many times held by the previous owner either for the current value or possible future benefit. Because mineral rights are usually held as separate from the right to build or occupy a piece and made part of the purchase agreement, the rights do not automatically go to the buyer upon sale.Because oil and mineral exploration is usually done far below the surface of the earth, and the extensive use of slant drilling today, oil and minerals can be taken from hundreds of feet below the surface without the dwellings on the ground being disturbed or even aware of what is going on.The grant deed at the time of sale will usually note if the minerals rights are included. It is not uncommon for sellers thirty or forty years earlier to still be in possession of the rights and any royalties from oil and minerals.
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