mineral rights

Underground extraction claims

Mineral rights are the legal ownership of underground resources—oil, gas, coal, metals, and other minerals—beneath a piece of land.

In the United States, these rights can be separated from surface rights and sold or leased independently: The family sold the mineral rights but kept the ranch.

Mineral rights holders may extract resources or receive royalties from companies that do.

ownership

deed

Written property conveyance

  • titleFormal honorific or name
  • leaseTemporary use contract
  • royaltyPayment for usage rights

severance · conveyance · claim · stake · tenure · vesting · inheritance · entitlement · encumbrance · easement

extraction

mining

Extracting earth's resources

excavation · prospecting · dredging · blasting · tunneling · leaching · smelting · refining · wellhead · borehole

economics

royalties

Ongoing payments to creators

dividends · speculation · windfall · commodities · investment · landowner · lessee · lessor · pooling · unitization

subsurface

strata

Parallel geological layers

seam · reservoir · formation · aquifer · subterranean · underground · geology · geophysics · sedimentary · overburden

resources

petroleum

Natural underground hydrocarbon liquid

gold · silver · copper · platinum · bauxite · iron ore · rare earths · hydrocarbons · fossil fuels · oil shale

Categories
Opposites
subsurface vs surface property rights

mineral rightsair rights

Ownership of space above

water rights · land title · grazing rights · easement

extractive vs non-extractive land use

mineral rightsenvironmental protection

Safeguarding ecosystems from harm

land preservation · land stewardship · protected land · nature reserve · land trust

Family

mineral, rights, minerals, miners, mineralogy, mineralize, mineralized, mineralogist, mineralogical

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