Surface estate means an estate in or ownership of the surface of a particular tract of land overlying the oil or gas leasehold being developed; and.
In this manner, what does it mean when seller retains mineral rights?
Hence, mineral rights. Also known as a mineral estate, mineral rights are just what their name implies: The right of the owner to utilize minerals found below the surface of property. Besides minerals, these rights can apply to oil and gas. Interestingly, mineral rights can be separate from actual land ownership.
Secondly, what is another word for mineral rights?
Owning mineral rights (often referred to as a "mineral interest" or a "mineral estate") gives the owner the right to exploit, mine, and/or produce any or all minerals they own.
How far down do surface rights go?
Most are half that or less at their deepest. At their structural top they routinely lie less than 50 feet deep. A very good portion begin within 20 feet of the surface.
Can you drill a water well without mineral rights?
Unless you also own the minerals under your land, that someone might have every right to start drilling. In the United States, mineral rights can be sold or conveyed separately from property rights.