Wednesday, December 30, 2009

Will mineral rights to one's land be affected if onshore oil drilling is passed?

Is it true that Joe Kennedy bought up a lot of mineral rights to land and when that land is sold buyers may not be aware that someone else may profit from their land.Will mineral rights to one's land be affected if onshore oil drilling is passed?
The mineral rights may or may not be transferred when land is sold. It depends on the state laws and the contract for purchase. In many states, the mineral rights are not transferred with the deed.





As for the effect of oil drilling; the land surrounding the well will be affected. Those who own the mineral rights need to determine if any oil is being removed from the land they control the rights to.

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