![]() ![]() Ownership can be defined as the “right or state of possessing something.” In the case of real property, this represents the exclusive right to possess and use the property. Since oil and gas and other minerals are considered to be part of the land, they are considered a form of real property. Real property is the land and associated permanent fixtures, such as buildings or homes. Property can be classified as real or personal. ![]() In the case of mineral rights, it is important to understand what type of property we are talking about. Property can be described as “a thing that is owned or possessed”. Before we dive into the details, let’s define a few of the key terms. ![]() To understand the difference between the two types, we first need to understand how minerals can be owned. This article will help you understand the key concepts and oil and gas mineral rights ownership types and the difference between Mineral Rights and Royalty Interests. “What is the difference between Surface Rights, Royalty Interest, and Mineral Rights ownership?” “Do I own the mineral rights below the surface of my property?” and You may own the Surface Rights, but do you own the Minerals? ![]()
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