Legal Question in Environmental Law in Louisiana
we have land in la. and would consider selling an acre of royalty...not sure how this would be better than selling mineral rights or not? with one producing well in our section and possible future wells to come;would buyer only be entitiled to the royalty from that "one" well and not future ones?
Asked on 12/15/10, 1:58 pm
1 Answer from Attorneys
Martha Amanda Mandi Lucas
Mandie Seale Lucas
This will all depend on what is agreed upon and declared in documents. It will be very important to have an attorney knowledgeable in oil and gas prepare the documents or review them prior to anyone signing.
Answered on 12/21/10, 4:28 pm
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