I should have also added that if the current owner, who would only have 50% interest in the minerals were to deed the property to a new owner and reserve a 50% interest in the mineral rights, the new owner would only have a 25% interest, even though just looking at the deed would lead most people to believe they have 50% ownership.
Likewise, if the current owner actually has no interest in the mineral estate and includes a 50% reservation of mineral rights on a deed to a new owner (through mistake or ignorance), the new owner would also have no mineral interest. On Nov 8, 6:21 pm, Teegue <[EMAIL PROTECTED]> wrote: > Deeds convey everything the owner has, unless specifically reserved. > > An important point here for newbies is when they find a deed to their > property or minerals stating that it hereby conveys "all right and > title to the herein described property," that only means it is > conveying whatever rights the previous owner had, and not necessarily > 100% of the mineral rights. In other words if a previous owner, three > conveyances prior, say in 1940, reserved half the mineral rights, and > no other reservations were made in the other two transactions, the > current owner only has 50% ownership in the minerals, regardless what > the deed says. An owner can only transfer the rights which that owner > possesses. > > On Nov 8, 8:59 am, Larry <[EMAIL PROTECTED]> wrote: > > > Rufus, > > You made this statement: ""In ND, when lands were sold, the minerals > > never > > went with the surface, except where denoted in the transfer > > documents."" > > > I have not researched this, but it would be my opinion that when > > surface acres were sold the mineral acres went with the surface acres > > unless the contract specifically excluded the mineral acres. > > > If you can point me to a resource on this, I would appreciate it. > > > On Nov 7, 11:43 pm, go-devil <[EMAIL PROTECTED]> wrote: > > > > Sorry but no one is giving up any minerals. > > > There are rules set in place for drilling. > > > You either have minerals or you don't, plain & simple. > > > Anyone telling someone to consider such a thing is crazy. > > --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Bakken Shale Discussion" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/bakken-shale-discussion?hl=en -~----------~----~----~----~------~----~------~--~---
