Louisiana is home to an abundant amount of mineral sources. Oil and natural gas are the main minerals as they make up more than 90 percent of the mineral wealth in the state. However, many more minerals are mined in the area including salt and lignite.
In the U.S., ownership of mineral resources is granted to those who own the land. When a person purchases land, he or she may also be purchasing the minerals beneath the surface depending on what mineral rights they have retained.
Have you recently purchased land in Louisiana that you believe may contain minerals? Have you been approached by a company to mine the minerals on your property? The mineral rights lawyers at Simien & Simien can help you fight for your rights.
Contact us at (800) 374-8422 to learn more or fill out the Free Case Evaluation form to your right.
What Are Mineral Rights?
Mineral rights are property rights to deed an area for the minerals it contains. It is the right of an owner to exploit, mine or produce any or all of minerals lying below the surface of the property.
Most states have laws that govern the transfer of mineral rights from one owner to another in addition to laws that govern mining and drilling activity.
Landowners may be involved in a range of matters that may require the need to a mineral rights lawyer including the:
- Sale of property
- Purchase of mineral rights
- Construction of wells and rigs
- Surface damage disputes
- Breach of contract
- Mineral rights leases
- Termination of mineral rights
Much of the legal framework in Louisiana for mineral rights comes from contracts, leases and division orders that are drawn between oil and gas companies and the landowner. Ineffective leases can leave a landowner susceptible to future damages and costs.
Mineral Leases & Royalties
A mineral lease is an agreement that giving the company to enter the property, conduct tests and determine if suitable minerals exist. The mining company will pay the property owner a certain amount of money when the least is signed which reserves the property for the mining company for the duration of the lease.
If a company finds the minerals suitable, they may proceed to mine. However, if the company does not begin production before the lease expires, the mineral rights return to the owner of the property. Additionally, terms in the lease may cover what activities an owner should anticipate as well as what restoration is required after a mining company has completed their use of the property.
When minerals are found and mined from a leased property, the owner is paid a share of the production income known as a “royalty payment”. The amount of money a property owner is paid depends on the lease agreement terms.
Contact a Mineral Rights Lawyer If You Need Help
The legal professionals at Simien & Simien are well-versed and knowledgeable in mineral rights and leases. If you are contemplating selling or buying your mineral rights, are currently in a dispute, or have questions about your property rights, we can help. We are here to offer you the legal guidance you deserve.
Our success is a result of experience, consistency and a dedication to continuing education, research and upholding ethical standards. We have represented thousands of clients throughout many parts of the country through our Louisiana offices, and proudly serve the following communities:
- Baton Rouge
- Lake Charles
- New Orleans
- Port Allen
... and all other areas throughout Louisiana.
.... and all other areas throughout East Texas.