The people in the US are blessed to have the mineral rights along with the property rights. When they purchase a land they posses the rights of the surface as well as the minerals. It means they can drill, explore, sell and do whatever they want to do with the minerals present beneath the surface. May it be gold, diamond, oil, gas or any other precious metal the land owner posses all the rights on them and can make the best use of them.
However, it is quite important to be aware of the procedure to be followed after finding the minerals under your property. Let us know about it in brief. The moment anyone founds some mineral wealth under their property, they cannot sell it directly. First they need to find out whether the minerals are present for sure, and if so what kind of mineral or minerals are there. In order to make sure about the mineral presence, a geologist survey is required on the property.
Once the presence of minerals is found and you are pretty sure about the kind of mineral your property is possessing, now its the time to make a decision whether to lease your rights or to buy your royalties completely to the oil or gas companies. Sometimes few companies which are in search of buying and leasing royalty rights, may approach you through an email or in person, if they found enough mineral wealth in your area.
Once you get a deal, make sure that it is a good deal by consulting some people who are experienced in that field and take the help of attorney in case of legal agreements. Talk clearly about the bonuses and royalties and be crisp and clear on the agreements with the company.
Following this kind of approach and being clear on every single point helps you in making a good deal which is beneficial for both the parties.