Do I Have any Rights to the oil Being Pumped in my Community?
Full Question:
Answer:
When a parcel of property is purchased, the mineral rights are normally included with the rest of real estate being transferred—unless it is explicitly stated that the mineral rights have been separated from the rest of the real estate transaction. Therefore, it is typically the owner of the property that the wells are located on who own the right to the oil that is pumped, or else the person who purchased the rights to pump the oil. When oil and gas are pumped from a parcel of land, the person who removed the oil or gas—and is authorized to do so—owns the removed oil or gas as personal property. Generally, neighbors without ownership of the property the wells are located on or without a contract assigning them the right to the oil don’t have a claim on the revenue from the oil.
