Mineral Rights Lease Agreement Example

The mineral rights holder may sell, lease, give or confess them individually or entirely to others. For example, it is possible to sell or lease rights to all mineral raw materials under a piece of land and retain rights on the surface. It is also possible to sell the rights to a specific rock unit (for example. B.dem Pittsburgh Coal Seam) or sell the rights to a specific mineral raw material (e.g. B limestone). Surface damage may be delayed. Reductions in underground work or colonization of surface mined areas may not occur or will be discovered until decades after the completion of the operation. The owner of a simple estate should consider these facts before entering into a contract to purchase or lease mineral rights. The consequences of mineral extraction are passed on to the heirs and all subsequent owners of the land. It is not uncommon for mined land to show no signs of subsidence for decades after mining is completed.

Then cracks and colonies begin to appear…