What you should know about mineral rights
People buying property, especially in the West, should be
careful when it comes to the mineral rights under their land.
Officials recommend having a title company conduct a title
search to determine who owns the mineral rights.
According to the El Paso County Assessor's Office, a property
owner can tell if the phrase "excepting mineral interests" is included in the
deed. On the assessor's Web site, http://land.elpasoco.com, "L/MR" will appear
in the legal description.
That means the mineral rights could be owned by either the
federal government - a 1916 homesteading law severed mineral rights under
federal land - or a private entity.
If they are federal, the surface owner can stake a claim, in
some circumstances, by contacting the local office of the U.S. Bureau of Land
Management.
If the rights are privately owned, the surface owner must
grant access to the property for exploration. If they are mined, the owner can
receive royalties. In most cases, the property owner reaches an agreement,
according to the BLM. Those that don't usually wind up in court.
Companies are required to restore any land disturbed to its
former state.
According to the assessor's office, about 80 percent of
properties in El Paso
County don't have severed
mineral rights. Those that do are larger properties in the eastern part of the
county and the in the foothills.




