Hennepin Minnesota Mineral Owner's Subordination (of Rights to Make Use of Surface Estate) refers to a legal agreement that allows mineral owners to subordinate their rights in favor of surface estate owners. This agreement is commonly used in situations where conflicts or disputes arise between the mineral rights holder and the surface estate owner. In Hennepin County, Minnesota, there are various types of Hennepin Minnesota Mineral Owner's Subordination (of Rights to Make Use of Surface Estate), including: 1. Temporary Subordination: This type of subordination agreement is used for a specific period, typically when surface estate owners need to perform certain activities such as construction, landscaping, or agriculture that may interfere with the mineral rights' owner's operations. The temporary subordination allows the surface estate owner to carry out their activities without breaching the mineral rights' holder's rights. 2. Permanent Subordination: In some cases, a permanent subordination agreement may be established where the surface estate owner requires long-term use of the property that conflicts with the mineral rights' owner's best interests. This subordination agreement is typically based on a negotiated compensation or lease arrangement, ensuring the mineral rights' owner is adequately compensated for the loss of their rights. 3. Partial Subordination: A partial subordination agreement is designed for situations where only specific surface activities require subordination, with other activities remaining unaffected. It allows the surface estate owner to exercise their rights in specific areas without affecting the overall mineral rights possessed by the mineral owner. 4. Comprehensive Subordination: This type of subordination agreement covers all activities related to the surface estate and mineral rights, providing a comprehensive framework for managing the coexistence of both interests. It typically outlines the rights, obligations, and limitations of both parties, ensuring a well-defined relationship between the mineral rights owner and the surface estate owner. These various types of Hennepin Minnesota Mineral Owner's Subordination (of Rights to Make Use of Surface Estate) aim to establish a fair and mutually beneficial arrangement between the mineral rights owner and the surface estate owner. By subordinating their rights, both parties can coexist harmoniously while exercising their respective property rights.
Hennepin Minnesota Mineral Owner's Subordination (of Rights to Make Use of Surface Estate)
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FAQ
The purpose of a division order is to protect the company paying the royalty (payor) from double liability. If you sign a division order and it turns out that you should have been paid a larger interest than shown on the division order, the company is protected as long as it paid according to the division order.
Call the county where the minerals are located and ask how to transfer mineral ownership after death. They will probably advise you to submit a copy of the death certificate, probate documents (if any), and a copy of the will (or affidavit of heirship if there is no will).
Mineral rights can be divided by specific mineral commodities. For example, one company can own the mineral rights to coal, while another company owns the oil and gas rights. Consequently, it is important to know which minerals are included in a mineral deed. Some deeds specify that all minerals are included.
The Division Order is a document whereby the revenue distributor (either the Operator or the 1st Purchaser) and the recipient (the royalty owner) agree on the exact decimal interest (Net Revenue Interest or NRI) owned within a well, lease, production unit, or field-wide unit.
The State of Minnesota is the largest single owner of mineral rights, controlling around 24% of all rights and managing these for the benefit of the permanent school and university trust funds and local taxing districts. The vast majority of minerals in the state, however, are owned by private parties.
Typically, a property conveyance (sale) transfers the rights of both the surface land and the minerals underneath until the mineral rights are sold. Mineral rights are conveyed meaning transferred to a new owner through a deed.
A division order is a contract between you and the operator (an oil and gas company). Typically, receiving a division order means that the operator is about to drill, or that the operator has already drilled a well and your minerals are producing.
In states with split ownership laws, land can be sold to only include surface rights. This means that if oil or gas is present under the soil, the landowner will have no legal rights to them.
Transfer by deed. If you want to sell the mineral rights to another person, you can transfer them by deed. You will need to create a mineral deed and have it recorded. You should check with the county Recorder of Deeds in the county where the land is located and ask if a printed mineral deed form is available to use.
A Division Order is an instrument which sets forth the proportional ownership in produced hydrocarbons, including crude oil, natural gas, and NGL's. Sometimes the Division Order is referred to as a division of interest. More often than not, a single well or lease will have multiple owners.