December 2015 landowner oil and gas newsletter available
A brief summary of articles from the December 2015 newsletter.
Information in the December issue:
- The Michigan Dormant Mineral Act and Retaining Severed Oil and Gas Rights
- Introduction to Quiet Title Actions
A brief summary of the articles:
The Michigan Dormant Mineral Act and Retaining Severed Oil and Gas Rights
By Kevin V.B. Schumacher, Attorney at Law, Lansing, Michigan; Curtis Talley, Michigan State University Extension Farm Business Management Educator
Severance of the oil and gas typically occurs when the real property is conveyed and the seller reserves from the conveyance some or all of the oil and gas rights. If your property has had the oil and gas severed, you need to familiarize yourself with the Dormant Minerals Act. It is a Michigan law that causes severed oil and gas rights to be abandoned (lost) and returned to the surface owner if the owner allows more than 20 years to pass without taking at least one of the steps mentioned in the article.
Introduction to Quiet Title Actions
By Kevin V.B. Schumacher, Attorney At Law Lansing, Michigan
It is not unusual for someone to own the surface and someone else own the oil and gas rights. What if the surface owner’s goal is to own both the surface and 100 percent of the mineral rights, but cannot locate the other mineral owner(s)? This is where a Quiet Title action might be an option.