How to Search for Mineral Rights Records
- County Records and Assessor's Office Go to the county records office and conduct a title deed search. The title component of the title deed states ownership over time. ...
- Foreclosure and Loan Default History The bank takes possession of the mineral rights on any foreclosure property of an owner that held mineral rights. ...
- Royalty Deeds Royalty deeds also exist. ...
- Title Company Specialized Search ...
Where to find mineral rights?
Part 1 Part 1 of 2: Preparing to Check for Mineral Rights
- Understand fee simple title. Fee simple title is ownership of land that includes both the surface and the subsurface.
- Get your deed. To check if you own mineral rights, then you should start by getting a copy of your deed.
- Hire a title company. ...
- Establish the parameters of the search. ...
- Hire a lawyer. ...
How to research your mineral rights?
Part 1 Part 1 of 2: Preparing to Research Mineral Rights
- Understand fee simple title. Fee simple title is ownership in land, which includes the surface, the subsurface, and the air above the property.
- Find your deed. If there are minerals beneath the surface of a piece of property, then your starting point will be to find the deed to the property.
- Contact a title company. ...
What do you need to know about mineral rights?
What to Know Before Selling Mineral Rights
- A Full Understanding of the Assets Outlined in the Negotiation. To put it simply, you’ll first want to “know what you’ve got.” If you’re selling mineral rights, that means that ...
- An Approximate Value of Your Mineral Rights Worth. ...
- Common Red Flags for Mineral Rights Buyers. ...
Are mineral rights real or personal property?
Mineral rights can be complex. By law, property falls into two categories — real or personal. Real property includes land and whatever is permanently attached to land, found on it either by nature, (water, trees, or minerals) or by man (buildings, fences, bridges, roads).
If royalties are so valuable, why would an individual or an oil company sell them
The exact same reason an individual or corporation sells the real property or real estate. No difference in why royalties are sold and liquidated....
How are oil and gas royalties like-kind property to brick and mortar real estate for tax deffered ex...
Mineral rights are otherwise known as a mineral estate. These are the legal rights that a person has to exploit, mine, or produce any materials und...
What is the benefit of selecting an oil and gas royalty property over traditional brick and mortar f...
Oil and Gas Royalties should not be viewed as one property is better than the other, and for that reason should be considered as a blend with tradi...
What are some of the risk factors associated with a Ranger and Minerals Royalty Property
Since the cash flow generated by the royalty property is directly related to the commodity pricing of oil and gas, you should expect a “fluctuation...
Are there any tax benefits allowed by the IRS on oil and gas royalty income even though I did partic...
Yes. Although owners of an oil and gas royalty property did not participate on the risk side of the drilling, the IRS will allow a 15% depletion al...
If there are no expenses connected to owning oil and gas royalties, how are the existing wells maint...
The capital expense connected to the maintenance and drilling of new wells comes from the publicly traded and wall-street-based operator. The relat...
If I buy a royalty property from Ranger Land and Minerals and this is on the side of the landowner, ...
No, the oil and gas royalty properties offered by Ranger Land and Minerals represent the sub-surface minerals beneath the acreage where the drillin...
Is there a secondary market for selling my royalties and can I sell or liquidate at any time Or bett...
Yes. Similar to owning real estate you may liquidate at any time. However, keep in mind that the longer a royalty property is held, the more value...
I understand that oil and gas is a depleting asset, How long should I expect my royalty property to ...
Yes. Very similar to real estate, the 3 factors ensuring value and longevity are locations. Location. And location. Ranger Land & Minerals will onl...
How is a Royalty Property purchased from Ranger Land and Minerals different from a Royalty Trust or ...
A royalty fund is just that a fund where you will receive dividends connected to a multitude of mineral properties, however, there are administrati...
How to check if you own mineral rights?
To check if you own mineral rights, then you should start by getting a copy of your deed. If you do not already have a copy, then go to the county Recorder’s office and get a copy. Look to see if you were conveyed fee simple title to the property. If mineral rights are owned wholly or in part by someone else, then the deed should note that fact. ...
How to find a mineral rights attorney?
To find an experienced mineral rights attorney, use the referral program run by your state’s bar association. With some referral programs, you call a phone number and talk to someone who takes down your information and identifies your legal need. Then that person connects you to a lawyer who specializes in your field.
How far back can you search for a title?
Establish the parameters of the search. Title searchers will agree to search only so far back in time. For example, some title companies might only trace the chain of title for 40 years. You should clarify the parameters of the search because mineral rights might have been sold off 100 years ago or earlier. Check if the title company is willing to negotiate how far in the past they will search.
What is fee simple title?
Understand fee simple title. Fee simple title is ownership of land that includes both the surface and the subsurface. It also includes the air above the property. If there are minerals below the surface of your property, then you will own the mineral rights if you own the land in “fee simple.”.
What is a take off in title research?
If costs are a concern, then you might want to ask a title researcher to give you a “take-off.” A take-off comprises a list of the books and pages where the relevant deeds can be found. You can also specify that you only need a list of deeds that convey mineral rights, instead of all deeds in the chain of title.
What to do if you have mineral under your property?
Hire a lawyer. A lawyer is another option instead of a title company. Although a lawyer will probably be more expensive than a title company, you might want to establish a relationship with an attorney if you think you have minerals under your property. An experienced attorney can be beneficial.
How to find out who owns mineral rights?
You should probably enlist the help of a lawyer to find the current mineral rights owner. Finding the current owner of mineral rights is a little like finding a “needle in a haystack.” Your lawyer will probably have to search probate records and other court documents, which you may find difficult to locate.
What is mineral rights forum?
Most notably, the popular Mineral Rights Forum ( www.mineralrightsforum.com) is a great online conversation space for mineral rights owners in the United States. The website was formed in 2009 and is an amazing resource to ask specific questions about your individual situation.
Can you find mineral rights owners online?
Although mineral rights transactions are not required to be made public, it may still be possible for you to find mineral rights owners in your area and converse with them.
What is royalty deed?
Royalty Deeds. Royalty deeds also exist. Where mineral rights deeds give ownership for the right to mine for minerals, the royalty deed gives the owner the right to a royalty if someone else mines and produces the minerals. This key distinction means a mineral rights owner does all the work while the royalty deed owner reaps some financial benefit ...
How long does it take to find a chain of title?
Even experienced eyes take a week, or maybe a month, to scour records to find the chain of title and locate the actual mineral rights records. The more work you are willing to do personally, the less it costs. However, you still need to pay county clerk fees for searches and deed copies.
What does it mean to search for mineral rights?
Searching for mineral rights records means going beyond just looking at who owns the property today. The landowner is not necessarily the owner of mineral rights. These rights, if known, must be stated to new property owners – otherwise they are automatically transferred to new owners.
What is ground property?
The ground property is the surface property where a house might sit.
Does a deed cover mineral rights?
Unfortunately, your current deed probably won't cover mineral rights, forcing you to dig deep into archives. Pay particular attention to title deeds dating back to the 1900s and earlier when the sale of mineral rights, including oil, gas and coal was more common.
When were title deeds first used?
Pay particular attention to title deeds dating back to the 1900s and earlier when the sale of mineral rights, including oil, gas and coal was more common.
Where does Kimberlee Leonard live?
Kimberlee Leonard lived in the Bay Area while going to school at the University of San Francisco. Before becoming a full-time writer, she worked for major financial institutions such as Wells Fargo and State Farm. She has developed content for brands such as Trupanion, Live Your Aloha, Neil Patel and Home To Go. She currently lives in her home state of Hawaii with her active son and lazy dog.
What are mineral rights?
A mineral estate owner has the right to extract whatever is beneath the surface of the land and do whatever they wish with it, whether they want to use it themselves or sell it. Depending on the conveyance, someone may have rights to all that lies beneath the surface or be limited to specific minerals.
Do you own the mineral rights to your property?
If you live in the United States, you live in a unique country when it comes to mineral rights. The United States is one of the few countries that allows individuals to take ownership of and profit from mineral rights. In many countries, the government owns all mineral rights and the benefits they produce.
Why does it not matter who owns mineral rights?
In a lot of areas, it doesn’t necessarily matter who owns the mineral rights to land because there are no resources under the ground of value. The only reason to remove minerals from the earth or to sell mineral rights would be if there is an abundance of them and they’re valuable.
What is fee simple estate?
The terms fee simple and unified estate refer to complete and total ownership of a piece of land, where the surface rights and mineral rights are held and owned together. In a lot of cases, if you own the land, you own the minerals rights as well, but sometimes the mineral rights have been severed from the land.
How to find out if you own mineral rights?
To find out if you own the mineral rights to your land you can go to the county clerk’s office in your town and they can help you find the historical land ownership records. You'll need to locate the deed for your property.
What are some examples of precious materials?
Examples would be oil, natural gas, coal, marble, gold, or silver. There are plenty of others but these are common. In the case that any of these precious materials are present, who owns the mineral rights and royalties of them is of extreme importance. It could mean a lot of cash in your pocket or someone else’s pocket.
Can you hire a landman to research mineral rights?
You can hire a landman to research it for you but it can be rather expensive. If you happen to be looking for a marketplace to buy or sell mineral rights only, the U.S. Mineral Exchange is a good place to start.
Do I Own Mineral Rights on Inherited Property?
Like many answers, it depends. (We’re assuming here that you are the surface owner). It depends simply on whether in the past the mineral estate ( the mineral rights) have ever been severed (separated, removed) from the surface estate. There is a determinable answer to this question, although at times it can be complex and take considerable time and effort to confirm. Typically, an oil and gas landman is the professional discipline that researches and identifies mineral rights ownership. This process of researching the ownership is commonly known as running (researching) title.
What is the role of a landman in oil and gas?
A Landman’s basic role is that of researching the land records (often called real property records) contained in the county courthouse, determining who owns the mineral rights, negotiating with the owners, and then preparing and presenting the oil and gas leases for signature (s). Typically, landmen work on a contract basis either individually or for a land brokerage company who is Typically landmen work on a contract basis hired by the oil company. There's an important point for mineral owners to consider when engaging the service of landmen. It is this. By the simple fact of the way the industry is structured, oil companies employ the great majority of landmen; thus with any anticipated work, it is important that mineral owners establish up front that there is no conflict of interest involved in your particular situation.
What is oil and gas landman?
Typically, an oil and gas landman is the professional discipline that researches and identifies mineral rights ownership. This process of researching the ownership is commonly known as running (researching) title.
What to do if you don't know what you don't know?
Part of that effort is that of being smart enough to realize that you don't know what you don't know. Seek out and qualify competent professional help when you know that you need it. Inheriting minerals can be a great blessing, yet like any asset, inherited mineral rights require a little love and attention.
What is the process of mineral rights fragmentation?
They’re becoming divided into smaller and smaller ownership pieces – a process called fragmentation (aka fractionalization). As each successive generation comes and goes, mineral rights tend to get split, and split, and split again.
Do landmen work for oil companies?
Typically, landmen work on a contract basis either individually or for a land brokerage company who is Typically landmen work on a contract basis hired by the oil company. There's an important point for mineral owners to consider when engaging the service of landmen. It is this.
Can you inherit mineral rights?
Inheritance of mineral rights can be a wonderful thing!... or a hassle. Unlike surface rights of which most of us are more familiar, inheriting mineral rights can present issues which are more often off the beaten path. Potential issues can be even more fuzzy - especially if there’s not a history of family ownership. Over the years as families have left the farm and spread across the country, knowledge regarding mineral rights tends to get lost. If you've inherited mineral rights, or expect to, this article is for you.
