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Message
re: Just bought 40 acres
Posted on 10/30/13 at 4:25 am to SD90MAC
Posted on 10/30/13 at 4:25 am to SD90MAC
Here is Louisiana, When selling land, the owner can keep the mineral rights up to 10 years of said sale date unless there is a producing well on said land. Then the minerals rights stay with the first owner till once said well stops producing.
You are a screwed pooch.
quote:
I didnt buy the land to have a well in my back yard. Am i screwed? Do i have any say so?
You are a screwed pooch.
Posted on 10/30/13 at 4:51 am to fishfighter
Well aint that great freaking news. All i can do now is hope they dint find any gas or oil. Do i get any lease money?
Posted on 10/31/13 at 9:49 am to fishfighter
quote:
Then the minerals rights stay with the first owner till once said well stops producing.
And the 10 year clock starts running again.
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