Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (73145)	4/4/2010 12:06:42 AM
From: Snowshoe	Read Replies (1) of 74559

Oil and gas law in the United States en.wikipedia.org In the United States, oil and gas rights to a particular parcel may be owned by private individuals, corporations, Indian tribes, or by local, state, or federal governments. Oil and gas rights extend vertically downward from the property line. Unless explicitly separated by a deed, oil and gas rights are owned by the surface landowner. Once severed from surface ownership, oil and gas rights may be bought, sold, or transferred, like other real estate property. Oil and gas rights offshore are owned by either the state or federal government and leased to oil companies for development.

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