วีดีโอ

It is often easier to transfer minerals from a trust. One of the most common reasons assets are put into a trust is to avoid having to go through probate, which is an expensive and time-consuming process.

This is a great question, and while I know the answer, I am not an attorney, so I can't give legal advice. You might have to talk to an attorney (or maybe ask ChatGPT to act as an attorney and then verify that information using other sources).

@@BlueMesaMinerals Thank you so much for your prompt reply. What is ChatGPT?

@@bobjohnson5320 ChatGPT is the most popular AI service. You can use it for free at chatgpt.com/, but the paid version is better. Be careful, though. It tends to give incorrect information sometimes.

Isn't it? I hope this video helps others avoid this really sad outcome.

I'm sorry to hear that you've been through a similar situation. Thanks for sharing - hopefully this information becomes more widely known.

Have the deeds been recorded in the county where the mineral rights are located?

Unfortunately, I'm not an attorney. It's extremely common for the surface owner and the mineral owner to be two separate parties (in fact, hundreds of people could own a fractional interest in the mineral rights). Georgia is not on the list of the top 25 oil and gas-producing states, and my knowledge of mineral rights is limited to oil and gas (and other minerals produced with oil and gas). If I were you, I would consult with an attorney in Georgia. Perhaps a different buyer wouldn't care if the land didn't come with mineral rights?

If you are getting multiple offers, a broker may be interested (after all, they are going to collect a fee for connecting the seller to buyers). It doesn't hurt to reach out to a couple of brokers and gauge their interest.

I believe so. I've heard of companies with this business model.

I just did a video about this very topic: th-cam.com/video/IpOdmLFCn2M/w-d-xo.html

You wouldn't believe how many people call me and disagree!

Thank you for the kind words!

You're welcome. It's often interesting to see how people ended up along various paths (and how much one can grow).

Good advice. You can learn so much from attempting your own title search. The county clerk employees are often quite helpful if you get stuck.

Feel free to request an offer at bluemesaminerals.com or email me at danna@bluemesaminerals.com. Thanks!

It looks Oklahoma has a new system. Try this link: oklahoma.gov/occ/divisions/oil-gas/database-search-imaged-documents/occ-well-data-finder.html

@@BlueMesaMinerals Thank you. I tried that in my quest but with no success. Either I'm doing something wrong or OK doesn't want owners to know something.

@@greenbeginner3353 Oklahoma has the worst public data of any state I've encountered. It's probably not you! What are you trying to find?

@@BlueMesaMinerals I have the address for mineral rights in OK and I’m trying to find anything about its activity with hopes I might start getting checks again some day.

@@greenbeginner3353 Call me at the phone number on my website (bluemesaminerals.com), and I'll look it up for you. Or email danna@bluemesaminerals.com.

Not usually. Most of my time is spent buying minerals and helping mineral owners with various challenges.

Yes, there are actually 7 types, but these are the three basic types. Non-operated working interest is fairly common, too. I should do a video about that.

Weird. It seems like it's working okay for me.

Right, but that is a much broader topic. This clip was specific to mineral ownership over time and the impact of rationalization and decreased production.

Many states are not allowing the wind estate to be severed from the surface, so as long as you own the surface, you probably own the wind and solar rights. It'll be interesting to see how the caselaw evolves.

Thank you for the reply and information. Under West Virginia SB 5 the state has commented that in the event that they own or purchase the airspace above the road interest they already have they have the right to sell or lease that airspace for drone commerce, that is my understanding but for personal land I think things may change in the next few years. But thanks again for your reply!

There are 7 main factors that influence the value of mineral rights. They are listed and explained at bluemesaminerals.com/mineral-rights-value/

No, thank you.

The main reason your royalty checks are lower than your grandparents is due to reduced production and fractionalization as the minerals are passed from generation to generation. The full video is: th-cam.com/video/7d4RUc3uTGA/w-d-xo.html

And you filed the deed before your parents' death.

@@fredstevens4148 From what I understand, most operators do not know that a deed has been filed unless you notify them. That's why notifying the operator is a part of the ownership transfer process. I don't know the legal ramifications of your proposal, though. You may want to consult an attorney.

Thanks@@BlueMesaMinerals

There are tens of thousands of companies in this space. I have not heard of this one, but even if I had, I probably would not publicly comment about another company. Your other question was about knowing if the land has any minerals. This is a complicated question. It depends on where the land is located and what type of minerals you are looking for. Some areas are known to have oil and gas, while others are known to be devoid of economically recoverable oil and gas. Still others have been depleted of their oil and gas. A petroleum engineer could do studies to determine the likelihood of recoverable hydrocarbons, but that could be overkill if the land is in certain areas where the geology and economics are well studied.

@@BlueMesaMinerals I just saw this! Thank you!

You can contact me here: bluemesaminerals.com/contact/

I'm not sure. There might be. Otherwise you can find it on KGS's interactive map at maps.kgs.ku.edu/oilgas/index.html.

Thank you very much! A lot of info!

The RRC is the best source for Texas. Are you using the map to locate your legal description?

Mineral rights are real property, and they can be bought and sold if you have a willing buyer and seller who agree on a price.

If you own 100% of the mineral rights and have very deep pockets, then sure! This almost never the case, though. Some mineral rights are taxed regardless of production status while others are only taxed based on production - it depends on where the mineral rights are located.

If your portion of the mineral rights are in your name, you should not have to engage with other family members to lease your portion. If, however, the mineral rights are in the name of another family member (such as a parent or grandparent) and the minerals have not officially been divided among the heirs, then you might need to coordinate probate or whatever is needed to transfer the mineral rights. This is a simplistic answer. In reality, there can be other situations, such as owning an NPRI or having the minerals owned in a trust, that would impact the answer to your question.

Thank you so much. That is exactly what I needed to know. The rights have been divided and my 1/8th interest is in my name.@@DannahBlumenau

@@alexwhatley1190 Great! I'm glad I could help.

You're welcome!

I'm not quite sure what you are asking. The legal description is on the deed which is filed with the county's land records.

You’re welcome 😊

What do you find to be untrue? The process of transferring mineral rights is relatively the same across the 12 states I work in, but Louisiana operates under a different body of law, so the process might be different there. I'd love to know what you find to be untrue and which state you are referring to. I don't know everything and certainly welcome the opportunity to expand my knowledge base.

This is not a service that I offer at the moment, but I might in the future. For now, you could hire a landman specializing in the potential minerals' location. Or, depending on how large of a deal this is, you might want a petroleum engineer.

@@BlueMesaMinerals sry to bother but one last question. Have you heard about Eckard enterprises? Looks like this company does a great job partnering with retail investors to buy mineral rights. I have not seen much reviews online so asking here since you are in the same space and heard about them. Thanks much in advance.

@@venkatn4689 I have not heard of Eckard Enterprises, but working interest is the most risky of all mineral rights. I would be very cautious about working interests.

I'm always looking for video ideas. Is there anything in particular that you want me to create?

Wow! That's amazing. I hope this video will help others find similarly lost mineral rights!