Site Search
Main Real Estate Terms mineral rights

mineral rights



privilege of gainingincomefrom the sale of oil, gas, and other valuable resources found on or below land. Mineral rights can be sold or leased separately from the land ownership.

Dictionary of Real Estate Terms mineral rights

the privilege of gainingincomefrom the sale of oil, gas, and other valuable resources found on land.

Example: Abel purchases a property that contains underground oil deposits. Abel may: develop these mineral rights by drilling a well sell the rights for a price to an oil company leasethe rights to an oil company in exchange for a royalty

Referring Terms: oil and gas lease
surface rights
subsurface rights


Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.Copyright © 2004, 2000, 1997, 1993, 1987, 1984 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

mineral rights