21 replies to this topic

[DavyLee2]

no you don't , for some reason many years ago the land in our area
had the mineral rights sold off to a guy who died a fat cat from making money off the coal rights even if he didn't do the mining himself he
made money off the coal . i never understood it but that is the way it works .

Not quite ! yes people who owned their land sold coal rights many years ago But check your deed .. its not all sold unless someone sold it AND
those old sales of coal DO NOT COVER MINERALS LIKE SHALE OIL that is being pumped out now ! SO
if you mineral rights were sold off for the coal in say 1941 .. you still have your Newly discovered Utica and marcelis shale oil rights !

Mat should hire a company to drill a well and start reaping the benefits of all that land they worked their asses off to aquire!

Edited by DavyLee2, 22 January 2014 - 06:10 PM.

[racer67x]

Not quite ! yes people who owned their land sold coal rights many years ago But check your deed .. its not all sold unless someone sold it AND
those old sales of coal DO NOT COVER MINERALS LIKE SHALE OIL that is being pumped out now ! SO
if you mineral rights were sold off for the coal in say 1941 .. you still have your Newly discovered Utica and marcelis shale oil rights !

Mat should hire a company to drill a well and start reaping the benefits of all that land they worked their asses off to aquire!

you know they would have been first in line if they could,Matt told a few years ago that they own no rights so no money for them.
supposedly it goes back to the late 1800's and a family owns everything..probably the Aloe's.
guess our best shot on someone improving the place is the lottery,lol.