I Drink Your Milkshake – Mineral Rights- Ep 63 – The Oil Companies Actually Can Drink Your Milkshake
Most homebuyers don’t know that big oil companies can capture the minerals in the soil, underneath their house. Unless it was stated in your contract that you own the mineral rights underneath your property, oil companies can drill into your soil. In this episode Matt and Tony run through the history of mineral rights and how property owners get taken advantage of in this process.
- [06:16] – The rule of capture
- [07:15] – Mineral Rights
- [11:31] – Mineral pooling
- [12:40] – Non consenting land owners
- [20:20] – Protecting property rights on mineral owners
The Takeaway – Check the deed to your property and figure out who owns the rights to the soil.
Hollywood Improv Ticket Link: