Well. one good thing about the oil "boom"

Some dirt-poor farmers in Manitoba, Canada discovered oil (a large deposit) under their property. So now they're wealthy. A nice story. Would be nicer still if Canada's LIBERAL leftist government let the keep more than 15%, which is all you get for mineral rights on your land.

-Rich

Reply to
Rich
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Isn't that old news? Seems there was a tv show and a movie.... Oh, wait, that was the Beverly Hillbillies..... Something about shootin' up some food when up through the ground came abublin' crude... So, now we get the Canadian version... Where will they move to? Vancouver? : 0 ) I think we can rule out Halifax. Spike

1965 Ford Mustang Fastback 2+2, Vintage Burgundy w/Black Std Interior, A Code 289 C4 Trac-Lok; Vintage 40 16" rims w/225/50ZR16 KDWS BF Goodrich gForce Radial T/As, Cobra drop; surround sound audio-video... See my ride at.... Feb 2004- http://207.36.208.198/albums/86810/003_May_21_3004.jpgFeb 2004- http://207.36.208.198/albums/86810/005_May_21_2004.jpgJul 2005- http://207.36.208.198/albums/86810/davescar_7_11_05_002.jpgJul 2005- http://207.36.208.198/albums/86810/Engine_rebuild_006.jpg
Reply to
Spike

Yup... all them Alberta farmers are just as pleased as piss that they have oil wells drilled in their land. I know of a couple that even splurged and bought new bib-overalls with all that revenue pouring in.

Nothing quite like living next to the potential of a blow-out. Nothing like a leak in a sour gas field to separate the men from the bodies(oops, I meant boys).

Speaking of Liberal governments... being a Hogtown boy, how'd you vote in the last federal??? While many don't like him, King Ralph woulda set us right. Must piss you off that Alberta has no sales tax, gives energy rebates AND doesn't run a defecit budget....

Paul Martin is just keeping up the status quo set by that little guy from Shawinegan...

Reply to
Jim Warman

Many of the nations of the world consider subsurface minerals as national resources, not private possessions. The USA is one of the few lands where individuals become rich from ore and oil deposits.

Reply to
<HLS

Japan, a landowner owns the property and down 1 foot.... and land was going for approximately $1,000 per cubic foot in the outlying areas. Spike

1965 Ford Mustang Fastback 2+2, Vintage Burgundy w/Black Std Interior, A Code 289 C4 Trac-Lok; Vintage 40 16" rims w/225/50ZR16 KDWS BF Goodrich gForce Radial T/As, Cobra drop; surround sound audio-video... See my ride at.... Feb 2004- http://207.36.208.198/albums/86810/003_May_21_3004.jpgFeb 2004- http://207.36.208.198/albums/86810/005_May_21_2004.jpgJul 2005- http://207.36.208.198/albums/86810/davescar_7_11_05_002.jpgJul 2005- http://207.36.208.198/albums/86810/Engine_rebuild_006.jpg
Reply to
Spike

Same sort of thing for Canada... While I own my land, I do not own any resources it may harbour. Where Rich get's his info, I don't know but, if he owns any land, he should be aware of the statement in the property deed regarding the exclusion of oil and minerals. The farmers that I know have to allow right of way on to oilfield leases. They are paid rent on the lease itself based on fair market value... if there is a permanent road to the lease, they are also paid rent on that land. If the land all the way around the lease and the producer needs to get onto the lease.... the farmer and the producer get to argue about cash value lost for any crops destroyed.

Reply to
Jim Warman

The farmer in this case secured the mineral rights.

-Rich

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Reply to
Rich

But it appears that there is more than one... "Some dirt-poor farmers in Manitoba" is a cut and paste from your original post...

Your original post left several impressions... . and is now metamorphising..

Reply to
Jim Warman

My property here in California has an exclusion for mineral rights. I own the property but NOT the mineral rights. Technically, someone could tunnel beneath me, and extract any minerals until my home fell into a sinkhole. They can't come on the property though. And then there are things like setbacks. It's my property but... I can't plant a tree within X number of feet from the street because the city/county and utilities companies have rights to that zone. There are so many of those limitations it's a question of what I can do or not do. I even have to go to the utilities to get permission to dig down more than a foot or maybe 18" so I don't hit a power, gas, water, sewer, or whatever line. But they can enter anytime to work on their stuff. And nowwwwww, the new "eminent domain" law is in place. Before they could take my place for a highway or similar. Now they can take it and give it to a business. There's a guy in Texas, along with his neighbors who are losing theirs for a new stadium.

It pays to read the deed and title, as well as keep a close eye on any new laws and ordinances which get passed. Spike

1965 Ford Mustang Fastback 2+2, Vintage Burgundy w/Black Std Interior, A Code 289 C4 Trac-Lok; Vintage 40 16" rims w/225/50ZR16 KDWS BF Goodrich gForce Radial T/As, Cobra drop; surround sound audio-video... See my ride at.... Feb 2004- http://207.36.208.198/albums/86810/003_May_21_3004.jpgFeb 2004- http://207.36.208.198/albums/86810/005_May_21_2004.jpgJul 2005- http://207.36.208.198/albums/86810/davescar_7_11_05_002.jpgJul 2005- http://207.36.208.198/albums/86810/Engine_rebuild_006.jpg
Reply to
Spike

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