Absolutely love your videos! You are incredibly informative and honestly have helped me when I started working at an oil and gas auction house. I knew nothing coming in but your videos have helped me gain valuable knowledge in making sure properties are presented appropriately from what owners and companies are wanting to sell.
Yes, it's a good idea to ask a lot of questions and know what you are buying. My guess would be that someone else owns the other half of the mineral rights or they are reserving half of the mineral rights.
How do you know or how do land realtors who just sell minerals rights know that there's minerals beneath the land. Is this just an overall assumption that all land has minerals beneath it.
Yes, there are actually 7 types, but these are the three basic types. Non-operated working interest is fairly common, too. I should do a video about that.
