Originally Posted by Valsdad
Originally Posted by gitem_12
Originally Posted by Valsdad
Most folks don't own the mineral rights under their houses either.

Guess what happens if someone finds a pool of oil/gas under there?


I own the mineral rights under mine. and have leased the gas rights out, to the tune of about 5,800 an acre. you are absolutely nuts to sell mineral rights

I'd say so, regarding selling mineral rights. Might as well sell the whole property.

Unfortunately, Out West, many places come (as someone mentioned) with them not belonging to the property owner but still held by the railroads or some other entity.

If they found something under my 7 Acre RANCH! and wanted to drill or dig for it, I'd just move into an RV and hope the wife wanted to come along on a journey,


The reason I asked who owned them was because when I was in High School a developer built homes lots of homes on a particular site.
After the homes were completed they found Oil under the homes and the home owners had no rights and no say about the oil being pumped out from under them. The Pumping company angle drilled under the homes so that they were no inside the development when they drilled.
This happened in Utah in the late 70s early 80s. It was all over the news back then.