How Mineral Rights Impact Property Value

When it comes to mineral rights, our team has specific areas of interest, such as Pennsylvania, Wyoming, and North Dakota, among others. As we explore those areas, our company and others like it tend to forgo heavily populated locations in favor of more rural spots.

The more you learn about the impact mineral rights can have on property value, the better you’ll understand why that’s the case.

Mineral Rights vs Surface Rights

People who purchase a parcel of land typically think they own the whole plot, meaning they believe they own the surface of the property and the ground that lies beneath. While that might be the case in many instances, it’s not always so. For example, some countries retain ownership of the resources below the surface even when private citizens purchase parcels of property.

As their name implies, mineral rights give the entity holding them the right to excavate resources from below the surface of the land, something that’s not necessarily practical in densely populated areas. The entity that holds a property’s mineral rights is considered the “dominant party,” which means they don’t need a surface rights owner’s permission to excavate the treasures that lie below the surface the person owns.

Being oil and gas rights experts, we want you to know that you don’t necessarily own the mineral rights when you become the surface rights owner of a property. To make sure you own them, it’s wise to carefully research a parcel before you make an offer to buy it.

Owning Mineral Rights Increases the Value of Property

If you contact our Austin, TX mineral rights company, we’ll explain that owning your property’s mineral rights increases the inherent and bankable value of your land. Owning your land’s mineral rights along with its surface rights makes your land more valuable because it puts you in complete control of your property. It also gives you options you wouldn’t have otherwise.

For starters, you can choose to keep your land intact. Alternatively, you can lease or sell your mineral rights and collect money for them. If either of the latter options is your plan, we encourage you to work with Enfield Minerals to ensure you get a fair and equitable deal for your mineral rights.

Do you have more questions about mineral rights, surface rights, property value, or another topic? Look over our list of frequently asked questions or contact our team to get the informed answers you’re looking for.