Are mineral rights real property in Texas?
Are mineral rights real property in Texas?
Under Texas law, ownership of land includes ownership of minerals under the surface of the land. Mineral rights are a form of real property, and they are governed by the same principles of marital property law as other real estate.
Where can I find out who owns my mineral rights in Texas?
If you’re interested in who owns your Texas Mineral Rights located below your property, the best place to start is your local County Clerk’s Office–not only is this a free resource; they typically have some of the most up-to-date information you can find.
What kind of minerals are found in Texas?
Landowners in Texas are most frequently interested in the oil and gas that might lie under their properties. However, in addition to oil and natural gas, Texas lands are often rich in gems and rocks like onyx, gypsum, and other minerals.
Can a home take an interest in a mineral lease?
Home and landowners are right to take an interest at this point because it generally means that a company is seeking to take control of their Oil/Gas and Mineral Lease.
Are there other rights of ownership in Texas?
Lessees do not have other rights of ownership, however, such as the right to lease or sell the underlying mineral rights. Texans like to do things big, and royalty payouts are no exception. Royalties averaging 12.5 percent have doubled in some hot basins like the Permian.
How are mineral rights divided in Texas land?
The mineral rights on Texas land can be separated from the surface estate. As an investor, you can buy a unified estate including surface rights and below surface rights, or a split estate, only including the mineral estates. As part of the property transfer by deed, you also gain rights to future royalties and payments. What are royalty interests?
Where can I find mineral ownership data in Texas?
TexasFile obtains Mineral Ownership data directly from the County Appraisal Districts. We parse and clean the data allowing you to run advanced searches and download Bulk Owner data.
Who is the owner of the minerals under your property?
For example, if your property is in an area where oil rigs are an everyday sight, where natural gas drilling is prevalent, or where coal mining operations exist, if you don’t own the minerals under your land, the mineral owner might come calling.
Can a sale of land include mineral rights?
Since a seller can convey only property that he or she owns, each sale of the land after the minerals are separated automatically includes only the land. Deeds to the land made after the first separation of the minerals will not refer to the fact that the mineral rights are not included.