Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Louisiana Mineral rights?
I own land within the Haynesville Shale (considered the largest gas find in American history). I have owned this land for 14 years and I did not own the mineral rights at the time of purchase. There are shallow oil wells in the area (3000-5000 feet) but nothing currently active. The Haynesville Shale is at least 10000 feet. Do I now possess the mineral rights or are there provisions that could prevent me from possessing the mineral rights even though the 10 year time window has passed?
I know that you become the owner of the mineral rights after 10 years if there is no active exploration. I also believe that if there is active exploration, such as a shallow well, that you can still possess the mineral rights at a deeper depth. If you don't know about these stipulations that I'm refering to, please don't guess.
2 Answers
- Anonymous1 decade agoFavorite Answer
Any production would interrupt prescription at all depths. The louisiana mineral code does have a depth limitation. If the minerals were reserved when you purchased the property, and at that time there was an active well (or drilling operation commenced within 10 years of your acquistion) you would not own ANY MINERAL RIGHTS. If you provide the Section, Township, Range of your property, I can provide you with a brief production history. Also, leave your e-mail.
Source(s): louisianaroyalties.weebly.com - kemperkLv 71 decade ago
YOU volunteered that you did not own mineral rights. What do you think
could have changed so that now you do?
Source(s): RE broker