Mineral Rights and the Natural Gas Boom in Robertson County , Texas

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Real Estate Agent with BCR Realtors 262359

All you have to do to know that this little central Texas county has something going on is to take a drive from one end of Robertson county to the next.  Fluorescent surveyor  ribbons are tied up and down the highways and FM roads.  Take a look at the skyline at night and you will see the lighted drill derricks everywhere.  Go to the county clerk's office in Franklin..or just go to Franklin and you will see a little town changing overnight.  A brand new High school, a motel that stays full and a shortage of affordable housing for the multitude of workers both in the oil and gas fields and the power plant facility currently under construction in the area.   I just hope it doesn't change too fast. Franklin has always had a certain a charm about it.

It seems there are lots of folks just waiting to see who will be the next overnight millionaire in Robertson County , Texas.  This gas exploration and drilling is far enough advanced that courthouse squabbles are beginning to unfold over who owns what share of the minerals on  different parcels.  And I have been kept awake at night myself by the lights and noise.

 

If you are  an agent working sales in Robertson county  it would be wise to pay attention to the mineral interests now, more than ever when working on a contract.  When you list ...ask what the sellers own and if they will let go of any part of their minerals or wish instead to reserve them.   In Texas if a seller owns the minerals and doesn't put a reservation in the deed,  they will pass with the sale. Just be careful and always consult a qualified attorney in mineral matters.

Have a prosperous week.

Trey

www.robertsoncountyland.com                                                                                                                                                     

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Ambassador
1,871,583
Judi K Barrett
Judi Barrett~Integrity Real Estate Services~Idabel, Oklahoma - Idabel, OK
Broker/Owner, Integrity Real Estate Services -IDAB
Trey, We've seen some areas up our way be affected by the leasing /purchasing of mineral rights re: natural gas wells. A real estate agent should always be paying attention it all of the interests that their sellers have in their property & how they want to market. also-activity causes some wild rumors so its best to go to the right authorities & check out the stories. At least that's the way its been in some of my areas. Good Post!
February 03, 2008 11:44 PM #1
Rainmaker
652,546
Bob & Carolin Benjamin
Benjamin Realty LLC - Gold Canyon, AZ
East Phoenix Arizona Homes
Its always interesting to read about other parts of the country and what issues agents are facing. Thanks for the post.
February 03, 2008 11:46 PM #2
Rainmaker
332,744
Thesa Chambers
Alpine Real Estate - Bend, OR
Principal Broker - Licensed in Oregon

another reason why in Oregon it is so important to look at the prelim - it shows these restrictions and rights - nicely done

February 04, 2008 12:09 PM #3
Rainmaker
100,180
Liz Carter
Liz Carter & Team Realty-Your Real Estate Resource For Life! - Katy, TX
Broker/Owner of Liz Carter & Team Realty, Katy TX (Houston)
Hi Trey, great advice!  I bought a lake home on Lake Limestone about e years ago and got a call about 6 months later from a Land-man wanting to verify that I was the new owner.  There is a ton of natural gas drilling going on there, and when I bought my property on 3 acres, never even thought about mineral rights!  Apparently neither did the seller or his agent, turned out great for me, now I get a monthly check :), and the other agent has an upset past client.  It pays to pay attention.  By the way myself and Marchel Peterson are the new administrators for this group :).  Get your blogging fingers in shape, it's going to be the biggest and best group on AR...after all we are the biggest and best state!  Look forward to getting to know you.  Liz
February 08, 2008 07:24 PM #4
Rainmaker
640,098
Marchel Peterson
Results Realty - Spring, TX
Spring TX Real Estate E-Pro

Top 10 Texas Round UpTrey,

Congrats, this post has been included in our first Top 10 Texas Round Up, in the Texas Real Estate Group.

Good information, Mineral Rights is one of those thing we often don't think about.

Marchel

February 12, 2008 08:12 AM #5
Rainmaker
472,271
Trey Thurmond
BCR Realtors - College Station, TX
College Station , Texas Homes

Marchel and Liz

Good Luck on new group!

February 13, 2008 08:26 PM #6
Rainmaker
100,180
Liz Carter
Liz Carter & Team Realty-Your Real Estate Resource For Life! - Katy, TX
Broker/Owner of Liz Carter & Team Realty, Katy TX (Houston)

Trey we are tipping our hat to you for your post we choose to feature on our Top Ten Texas Roundup!  Congratulations Liz & Marchel, Texas Real Estate Group.

Hope you like the photo I picked out to make the announcements with :)...kinda cool I thought.  L
February 18, 2008 09:31 PM #7
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Rainmaker
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Trey Thurmond

College Station , Texas Homes
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