Tip:
Highlight text to annotate it
X
So in the title search industry
one of the biggest areas of increase is mineral rights searching and has the
most impact to our clients as well
this is Dave at titlesearch.com and we’re going to talk about
mineral rights and what's happening in that field to make that such a high activity
area
increasing energy prices is making extraction of minerals and oil and gas from beneath the surface
of minerals and oil and gas from beneath the surface
much more appetizing to energy companies
in addition new methods of attractions such as fracking and some of the other things
you've heard about
are making prior types
of mineral resources more appealing
to go after so if there was a known oil field somewhere but it just wasn't worth
getting that oil out of the ground for the last twenty to thirty years now with these new methods and higher oil prices these energy companies are going back after who owns these mineral rights
now with these new methods and higher oil prices these energy companies are
going back after who owns these mineral rights
dormant mineral rights may have value now or in the near future if you are landowner who have mineral rights non-action may jeopardize those rights through
or in the near future if you are landowner who have mineral rights
non-action may jeopardize those rights through
processes like adverse possession where if you don't use 'em they may refer back to somebody else in addition to that energy companies who have had oil and gas leases may not be able to keep them if they don't use them so
to somebody else
in addition to that energy companies who have had oil and gas leases
may not be able to keep them if they don't use them so
you need a special type a title search to discover a mineral rights on the property these mineral rights known as subsurface and do not run with the land here
rights on the property these mineral rights known as subsurface and do not run with
the land here
is a perfect example this is a typical chain of title where
if a property was sold by one person to another on a deed and
then five years later sold to somebody else and then ten years later sold to
somebody else
a chain of title in a title search would show this at any point in this history
the mineral rights may have been sold off as part of this transaction
or by a prior owner if you are the last owner of this property right here you may not know that these mineral rights were split off a title search is only gonna show
you may not know that these mineral rights were split off
a title search is only gonna show
this part of the transaction this mineral rights ownership is gonna run on a separate chain of title in order to find that you have to catch it when it separates from that main
on a separate chain of title in order to find that you have to catch it
when it separates from that main
title chain this may not have been properly accounted for due to a probate or heirship or some type of death in the family where a great grandfather left property to somebody
due to a probate or heirship or some type of
death in the family where a great grandfather left property to somebody
nobody may have not known where those mineral rights went to so a special type
of title search
is needed to find out where they went to and then if they were sold since then
more importantly to make sure all the Terms and Conditions of that mineral rights lease of that mineral rights transfer were adhered to otherwise the mineral rights may revert back to the surface rights for that property and if that's the case in your this person here
to make sure all the Terms and Conditions of that mineral rights
lease of that mineral rights transfer were adhered to otherwise
the mineral rights may revert back to the
surface rights for that property and if that's the case in your this person here
you may have those mineral rights back but you have to know about it to take
action otherwise
these energy companies are going to maintain their interest
in those minerals and they may revert back to them
due to adverse possession or some other mechanism of law
to find more information about mineral rights you can reach us at our website at
titlesearch.com
we also have a special separate type of
title search called a mineral rights search at the website
you’ll see there