Don't Mess With Texas Gas & Oil

By
Real Estate Agent with DFW FINE PROPERTIES 0506509

About Texas

by Patricia Feager

 

WHAT ABOUT TEXAS

 

 

"When the price of oil goes up, the entire Texas economy

takes a breath. Millionaires blossom like rain lilies. News

races through the countryside that the money train is

pulling into the station. Hop on board!"

---Lawrence Wright

 

 

 

CAN YOU HAVE YOUR LAND, MINERAL RIGHTS,

AND SURFACE ESTATE TOO?

 

Well, that depends! If it is a unified estate, a landowner owns mineral and surface estate. But it can be complicated and knowing what Dominant and Servient Estates means and how it affects you is something a buyer needs to know beforehand. Who owns the surface? Who owns the minerals down below is something you ought to know! How are oil and gas extracted out of the ground and who owns what? 

 

In Texas, there are laws in place that buyers and owners need to know and how it affects ownership. For example, there are limitation rights of mineral estates. For more information read Texas REALTORS Magazine online.  Additional relevant information can be found in Texas A&M AgriLife Extension following this link. To obtain specific information on "Surface Owner Rights," get "The Handbook, "Petroleum Production on AG Lands in Texas." Below are additional resources.

 

TEXAS AGRICULTURE LAW BLOG

 

TEXAS A&M AGRILIFE EXTENSION

 

Texas takes agricultural law very seriously. Thinking about buying property with an AG exempt may sound exciting but it can get you in trouble if you don't hire the right people. Agents like me who only sell residential property are not qualified in this area of real estate. I hope the information is helpful. But I do love to take photos of AG Land, aren't they lovely!!!

 

 

Posted by

Texas Law requires all license holders to provide the Information about Brokerage Services form to prospective clients.

Real Estate Commission Consumer Protection Notice  

 

 dfw fine properties

 

DFW FINE PROPERTIES

                                        2900 W Southlake Blvd, Suite 180
                                        Southlake, TX 76092
                                        Office: 817-748-4800/FAX: 817-748-4900

                                         Patricia Feager
                                                        Cell: 469-951-4758

                                                        Email: patricia.feager@gmail.com

 

CERTIFICATIONS

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Certified Pricing Strategies; Mastering the CMA
Certified Military Relocation Specialist
Certified Negotiation Expert
C
ertified RE Probate Specialist

"With self-discipline most anything is possible." --- Theodore Roosevelt 

 

 

  

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Rainmaker
2,940,472
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Wow, Patricia... I had no clue! Now I do!  But at the end of the day, restrictions are "good" in my book... we should not be practicing in ares of real estate that are not truly in our wheelhouse.

Apr 13, 2019 09:17 AM #1
Rainmaker
3,215,885
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Patricia - You are absolutely correct. There is no messing with Texas. Or elsewhere either.  Know and understand the local laws/rules.  It matters.

Apr 13, 2019 12:23 PM #2
Ambassador
3,725,782
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Patricia those are two things that we don't give much thought to around here, but I can see how it would be VERY important in Texas!

Apr 13, 2019 01:57 PM #3
Ambassador
3,749,472
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Patricia- when I used to place office support staff, finding a land lease O&G assistant was like striking oil!

Apr 13, 2019 04:33 PM #4
Rainmaker
2,457,191
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

I filled my gas tank this morning at $3.79 a gallon.  Texas should have a hurricane of fresh air.  However, much of it has to do with extra additives our state spikes the oil with this time of year, and our elevated gas tax, which is the second highest in the nation.

Apr 13, 2019 04:47 PM #5
Rainmaker
3,752,417
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good evening Patricia Feager, MBA, CRS, GRI,MRP ,

The Texas slogan "Don't mess with Texas" is alive and well especially with the laws in place when selling property. Well done my friend!

Apr 13, 2019 05:26 PM #6
Rainmaker
3,489,716
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Patricia. I can not relate. Texas is almost its own thing. Have a good day.

Apr 14, 2019 04:06 AM #7
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