Mississippi Underground Storage Lease and Agreement (Surface and Minerals)
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How to fill out Underground Storage Lease And Agreement (Surface And Minerals)?
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FAQ
An attorney can create a deed or assignment that conveys the mineral rights to the new owners. The original deed will need to be recorded in the county where the minerals are located. If there are producing wells on the property, each operator will need to be notified of the change in ownership.
Mineral rights are automatically included as a part of the land in a property conveyance, unless and until the ownership gets separated at some point by an owner/seller. An owner can separate the mineral rights from land by: Conveying (selling or otherwise transferring) the land while retaining the mineral rights.
Mississippi's most abundant mineral resource is lignite. The state holds about 13 percent of the nation's reserves.
Conduct a title deed search at the county records office to find the owner history in the title deed. Follow the history of the property through the chain of owners. This can tell you whether the property or land was ever owned by an oil and gas company.
Mississippi is a major producer of ball clay and fuller's earth (montmorillonite); it also produces bentonite, construction sand and gravel and crushed stone.
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.