|
An example of a Mineral Rights agreement would be as
follows: I have a house in De Soto Parish in Northwest Louisiana. This house is located in the Haynesville Shale
natural gas field. I called Chesapeake Energy about my property since I have about 60 acres. I do not
want to sell my house and move, but I would like to sell the rights to whatever resource is under the land that I own.
Chesapeake and I sign an agreement in which I have keep ownership of my property and house ( Surface Rights
) and they have the right to explore & extract on my property for the resource itself for a set amount of
time ( whatever you agree on ). Just keep in mind, it can take awhile for this company to actually start drilling
for the resource. These companies must file for permits to drill, hire workers, and establish a plan of action.
|
