MMEX Resources Corp (MMEX)

[Supernova12]

There is only one name on the land stated on the Pecos County Tax Report:

HANKS H W
07 PLAINS PL/DO UNKNOWN
Owner ID: 3498100

We have already established that he owns the mineral rights, I have seen it and mineral rights are mentioned, but then some say it doesn't mention oil or gas. Royalties are usually given if anyone else is on the deed, which in this case no one else is mentioned.

Who Owns the Minerals Underlying My Property?

Usually the owner of the surface land is also the owner of the minerals underneath the surface of that land. If you have access to your property deed, look for a title transfer in “fee simple” meaning that all interests in the property were transferred from the property Seller to the property Buyer.

Occasionally a Seller does not sell all rights, title and interest to a property. This can be accomplished by “reserving” certain interests in the property before they are transferred to the new owner. Coal rights are a historical example from southeastern Ohio. Many large tracts of land in coal country have ownership of the coal separated from ownership of the surface property. Sometimes this is referred to as a “split estate” or “severed minerals." Oil and gas rights are usually conveyed with the surface land, but, like coal, they may not be necessarily owned by the surface owner. Due to this concern, a mineral title study is conducted before an oil and gas well is drilled.

Again only one name mentioned on the tax report for the land, and since no other name is in the report, the owner of the surface land is owner of the mineral rights and therefore vice versa. Had anyone else had ownership they would have requested Oil and Gas Royalites. IMO

http://www.gonzoilinc.com/html/landowners.html#1

http://www.uniroyalties.com/blog/sell-mineral-rights-buy-united-states-oil

Please, would someone from Texas who understands this kind of real estate explain this further and make any corrections. TIA