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Who owns the mineral rights to my property in Texas?

Owning a propertys mineral rights refers to ownership of the mineral deposits under the surface of a piece of land. The rights to the minerals usually belong to the owner of the surface property, or surface estate. In Texas, though, those rights can be transferred to another party.

What is free royalty land in Texas?

Hear this out loud PauseState Free Royalty NPRI A state Free Royalty interest is similar to a non-participating royalty interest. An oil, gas, or other mineral lease on land in which the state reserves a mineral or royalty interest is not effective until a certified copy of the recorded lease is filed in the General Land Office.

Should I sell my mineral rights in Texas?

As a general rule of thumb, you can expect to sell mineral rights in Texas for 4 years to 6 years times the average monthly income. HOWEVER, please keep in mind many factors could cause your property to be worth more or less. Especially in Texas, producing oil and gas royalties can go for docHubly more!

What happens to mineral rights when someone dies in Texas?

Like surface interests, mineral interests are passed down by inheritance. If there is a valid will, it controls who gets the property. If not, Texas laws of heirship controls.

What was the Relinquishment Act of 1931?

Some of the affected landowners were still not happy with this arrangement and this resulted in the Relinquishment act of 1931. This new Act provided that any subsequent sale of state lands, the state would retain a 1/16th royalty.

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