street
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Nov 30, 2016
- Messages
- 9,614
^ Do you own the mineral under the dirt you own?
So you can just set up a crazy high fee for them to access the minerals on your land?
The problem that would concern me would be if there were underground work done on land that I own (fracking or shafts or whatever) and then Flybynight Co. files for bankruptcy when the price of mineral goes to poop and I have these future potential problems with settling or ground water contamination (or well water). I think this kind of thing has happened.
All of the property I own came with mineral rights....of course there are not any known mineral deposits in this area.
So if there isn't any known deposit at this point, chances are they won't find any going forward..
15 years ago that's what everyone in our area thought. When I bought my property I never dreamed there would be gas wells drilled in the area. The recent discoveries with high tech shale gas exploration techniques and the advancement of horizontal drilling and hydraulic fracking technology has created new opportunities.