What are mineral
Rights & Royalties?
Your mineral rights are legal rights that entitle you to explore, mine and produce the oil or gas on or below the surface of your property. Mineral rights can be sold or leased to a third party. They may also be gifted or passed down as an inheritance to your family members.
In most countries all mineral rights belong to the government.
In the United States, all mineral rights originally belonged to the owner of the surface of a parcel of land, but as mineral production became lucrative, ownership of mineral rights was often separated from surface ownership.
In the state of Texas, the common use of the term “mineral rights” is construed to be oil, gas, or other associated products. It is not intended to include those minerals that can be mined on the surface, such as water or strip mines for coal.