Louisiana Underground Storage Lease and Agreement (From Surface Owner with Mineral Interest)
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How to fill out Underground Storage Lease And Agreement (From Surface Owner With Mineral Interest)?
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FAQ
Surface rights determine who owns the rights to the surface of the land, while mineral rights determine who has the right to mine the minerals below the surface of the property. Mineral rights include oil and natural gas resources. Mineral rights can be completely separate from land rights.
Mineral interests can be owned by private landowners, private companies, or federal, state or local governments. Sorting these rights are a large part of mineral exploration. A brief outline of rights and responsibilities of parties involved can be found here.
Mineral rights are ownership rights that allow the owner the right to exploit minerals from underneath a property. The rights refer to solid and liquid minerals, such as gold and oil. Mineral rights can be separate from surface rights and are not always possessed by the property owner.
Naturally, there are other minerals that have also been found in Louisiana over the years, including but not limited to Calcite, Fluorite, Galena, Gypsum, Halite, Hematite, Pyrite, Quartz, Vivianite, Aragonite, Celestite, and Baryte.
However, it is possible to hire a professional body to look for records of the property in question. You can also check, for a small fee, the records of county properties to determine who owned the property or minerals or if there is a lease covering them.
To find out if you own the mineral rights to your land you can go to the county clerk's office in your town and they can help you find the historical land ownership records. You'll need to locate the deed for your property.
The right to minerals transfers at the time of death to the individuals named as beneficiaries. If no specific beneficiaries to the mineral rights are designated, ownership passes to the property and real estate heir.
If the hydrocarbons are beneath a navigable waterway in Louisiana, the property is referred to as State Water Bottoms. In other instances, the mineral rights may be owned by the State of Louisiana but an individual may own the real estate; there are a number of possible combinations.