Louisiana mineral rights agreement discussion thread

They can keep for 10 years as long as there is no activity. Once activity takes place the 10 years starts over. I suggest a surface rights waiver

I don't think they can reserve minerals that they do not own. After the 10 year prescription period, the minerals revert to the current surface owner, which in this case would be you, assuming you make the deal before the end of the year.

FYI- an oil and gas lease trumps surface ownership, so if someone else has a lease on the property, they can enter the property and drill wells, and the company will only have to settle surface damages with you.