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Oil, Gas and Mineral Deed Individual or Two Individuals to an Individual Form

Oil, Gas and Mineral Deed Individual or Two Individuals to an Individual Form

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[Music] welcome back to our CBS n originals powerless the high cost of cheap gas many landowners think they own their land but if you only have surface rights and not mineral rights what happens on your land may be out of your control we spoke with Alan Collins a professor of resource economics and management at West Virginia University he explains the complexities of land ownership well you buy property it's a bundle of rights and one of those rights that you have here in our country is that you're able to extract the minerals from property many people however over time sell off or inherit a different bundle of rights so the the rights that you own for the surface aren't necessarily the same as the right you own for the minerals it can be separated and in the state of West Virginia are often separated West Virginia has a long history of people selling off minerals and also timber rights separate from the land rights that they owned and so not every state has as

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