One major reason rural land is gaining attention of investors is the boom being experienced in the oil and gas industry. Technological advances allow these companies to drill for oil and natural gas in areas that were once considered inaccessible. The fracking process creates cracks (fractures) in the shale rock, releasing the petroleum and natural gas that had been confined. The six shale plays in the United States include over nine million acres. It is possible that the acreage for sale that you purchase may be in one of those shale plays. Knowing who owns the mineral rights on a property is an important matter that should be addressed.
The Mineral Rights Come With the Land, Right?
No, mineral rights are not included with all parcels of land. Most states view a piece of land as having surface rights and mineral rights. In many cases, landowners have learned the hard way that they do not own the mineral rights. Special attention should be given to determine this ownership because many times it is overlooked. Otherwise, you may not find this out until there is no time or options to take positive action.
Before title to the land is passed, a title search is typically done on all properties. The purpose of this search is to make sure the lands title is clean, meaning the seller does, in fact, own full interest in the surface rights to the property. A chain of title for mineral rights is not always done. You purchase the land believing you not only own the surface, but also what lies beneath. One situation that has happened to people and could happen to you is drilling equipment one day driven in on your property and you must allow them to do their work because you do not own the mineral rights.
How to Prevent This From Happening to You
Consider the area where the land is located. Is it remote land or country land? Is it undeveloped land? If so, ask your realtor or the owner if mineral rights are included or have been reserved. A mineral title search should be done for verification. You can also read the deed giving the current owner rights in the land for yourself since this is a public document available at the countys courthouse.
Is there any mention of a reservation in the current owners deed regarding the mineral rights? If so, then the seller does not own the minerals rights or is limited to only a fraction of the rights. Also, look at what exactly is reserved. Mineral reservations can be for other things beside just ownership of the minerals. Reservations of royalties from the oil and gas sold, delay rentals, and defined bonuses.
Land is a stable investment and determining mineral rights ownership should be a priority when you consider buying acreage for sale. Having these rights, in addition to surface rights, could make you a wealthy oil and gas tycoon. And, identifying who is the mineral owner requires just a little additional research.
LandCentury.com specializes in selling wholesale real estate at the lowest prices. We believe that everyone should have the right and the opportunity to get a great deal on investment property All you have to do to get the property you’ve always wanted is follow these simple steps:
Step 1: Find the Perfect Property
Use LandCentury.com’s powerful network of real estate listings to find the property of your dreams. We have everything from move-in ready investment properties and cheap houses to rural land, buildable lots, and fixer-uppers. No matter what type of real estate you’re looking for, you can find it at LandCentury.com
Step 2: Click the Buy Button
This will start the purchase process. As one of America’s top online property listing sites, we leverage our unique business model of submitting an online payment to hold the listing to make transactions straightforward and secure. Our purchase process is designed for simplicity and security. Once you click the buy button, you will:
Use our secure site to submit your processing fee. We make every effort to protect your privacy. That’s one of the reasons why we offer a 24-hour money back guarantee on your processing fee, so you can feel confident in your transaction.
The seller will contact you within the next 24 hours procced to the next step and get the necessary info to prepare the contract.
Buyer Transaction & Privacy Protection
LandCentury.com stands behind our buyers, and we want you to know that your hard earned money is safe when doing business through us. That’s why we have a number of features to help protect buyers, including:
Symantec Secure Site SSL certificate, providing a $1,500,000 warranty on every transaction
Secure encryption and data protection
24 hour money back guarantee on processing fees
2 separate legal offices across the country to help you with any problems you encounter, anytime
Seller ratings so you can see what other people have to say about their experience with your seller
Still Have Questions?
We’d love to answer them. Check out our Help Center page or call us at 1-888-LAND-WEB (526-3932)
Our highly specialized support team is ready to find a solution to your problem. A people first policy insures that a team member will always be available to speak with you personally.
Symantec SSL Certificate
Symantec is a global leader in providing security, information management solutions to help our customers – from consumers and small businesses to the largest global organizations – secure and manage their information against more risks at more points, more completely and efficiently than any other company. Our company’s unique focus is to eliminate risks to information, technology and processes independent of the device, platform, interaction or location.
This website can secure your private information using a SSL Certificate. Information exchanged with any address beginning with https is encrypted using SSL before transmission. LandCentury.Com LLC has been verified as the owner or operator of the website located at www.LandCentury.com. Official records confirm LandCentury.Com LLC as a valid business.
Better Business Bureau
For more than 100 years, Better Business Bureau has been helping people find businesses, brands and charities they can trust. In 2015, people turned to BBB more than 172 million times for BBB Business Reviews on more than 5.3 million businesses and Charity Reports on 11,000 charities, all available for free at www.bbb.org. The Council of Better Business Bureaus is the umbrella organization for the local, independent BBBs in the United States, Canada and Mexico, as well as home to its national and international programs on dispute resolution, advertising review, and industry self-regulation.
BBB has determined that LandCentury.Com, LLC meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses pay a fee for accreditation review/monitoring and for support of BBB services to the public. BBB accreditation does not mean that the business’ products or services have been evaluated or endorsed by BBB, or that BBB has made a determination as to the business’ product quality or competency in performing services.
Web Site Anti-Malware Scan
GeoTrust is the world’s second largest digital certificate provider. More than 100,000 customers in over 150 countries trust GeoTrust to secure online transactions and conduct business over the Internet. Our range of digital certificate and trust products enable organizations of all sizes to maximize the security of their digital transactions cost-effectively.
The GeoTrust Web Site Anti-Malware Scan includes a daily malware scan to detect malware and alert you with detailed information to respond quickly to the attack. What happens if malware is detected on this web site? If malware is discovered, the GeoTrust Web Site Anti-Malware Seal no longer displays. When the scan confirms that all instances of malware are removed, the seal displays again.
If you feel that you have been a victim of real estate fraud, there are many resources available for you as the victim. Your first step is to contact the local District Attorney’s office and report the incident. Our office will stand by you and provide any relevant information to support your claim. Here are additional agencies that can assist you and provide more resources: