Do Home Owners Have Mineral Rights

Most likely, no.

Home owners own the home and builders own the minerals beneath.

Why would builders want to keep the mineral rights?

If you have shale formations, that means lots and lots of moolah.  Oil and natural gas can be extracted by a process called hydraulic fracturing, or fracking.  The movie Promised Land is like a tip of the iceberg to fracking.  More than building and selling homes.

How does this affect you?

It only affects you if you have shale formations under your home.  You probably don’t, and there’s nothing you can do about it anyway unless you’re purchasing land.  Actually, builders will disclose this to all buyers so you’ll have to sign an extra paper or two.


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