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LSDefine

Simple English definitions for legal terms

mineral interest

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A quick definition of mineral interest:

A mineral interest is a right that allows someone to search for, extract, and sell minerals found on a piece of land. This right is usually granted through an oil-and-gas lease and can also entitle the owner to receive a portion of the profits made from the sale of the minerals. It is also known as a mineral right and is separate from the rights to the surface of the land.

A more thorough explanation:

Definition: A mineral interest is the right to explore, extract, and sell minerals from a piece of land or to receive a share of the profits from mineral production. This right is typically granted through an oil-and-gas lease.

For example, if a company leases mineral rights to a piece of land, they have the right to search for and extract oil or gas from that land. The landowner may receive a percentage of the profits from the sale of those minerals.

Another example would be a landowner who retains the mineral rights to their property. They may choose to lease those rights to a mining company, allowing the company to extract minerals in exchange for a royalty payment.

These examples illustrate how a mineral interest grants the holder the right to profit from the extraction and sale of minerals from a piece of land.

mineral entry | mineral land

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eggan
17:39
i got WL last year with a 3.75 165. basically lower stats than u GPA wise. i wouldnt say its impossible for you at all
KirklandEllis
17:39
@eggan: how does waitlist work
KirklandEllis
17:39
do they rank you
eggan
17:40
the waitlist form goes out late april, you express interest and updates in the form, and then youre ranked in mid may
eggan
17:41
the rankings are in quartiles. 1st quartile is the most likely to get off the waitlist. but if you dont fill a particular gap in the class characteristics theyre looking to fill then youll be skipped as the school sifts through WL applicants to find the perfect person to fill the niche
KirklandEllis
17:41
do you think there will be more As this week
KirklandEllis
17:41
it seems like they still need to reject a lot more people
MrThickRopes
17:42
So I could get in even wit a 3.83?
eggan
17:42
possibly. i wouldnt rule out that this E wave is the last wave. but i think theres like 100 more As left
KirklandEllis
17:42
100? thats a lot
eggan
17:43
not really. the school gave out 950 As last year. only 350 people commit
KirklandEllis
17:43
wow
eggan
17:44
im out of messages, if you want to talk more about it il be in off topic
17:44
you rock for all this info eggan thanks for sharing!!
Does vandy actually take people off of waitlist
starfishies
17:54
vandy wl
starfishies
17:55
zzzzzzzzzz i can’t write another loci bro
Avionvi
18:06
vandy wl wave
18:06
just submitted the optional video essay for vandy surely i dodge the wl wave
damn so if you hadnt gotten the berkeley A its looking like WL?
BookwormBroker
18:10
maybe
eggan
18:11
@FunToLoseAndPretend: yes. berk has about 200-250 more waitlist offers left to give. theres a high chance atp you will be one of them if you missed both waves
thank you eggan, very cool
1a2b3c4d26z
18:31
is babycat still hangin around here
1a2b3c4d26z
18:31
They were core to my memory
1a2b3c4d26z
18:31
as was EGGAN
1a2b3c4d26z
18:31
Sup man
MrThickRopes
18:32
Eggan givin us hopium
KirklandEllis
19:02
what happens now
KirklandEllis
19:25
why would they make us wait until tomorrow for the WL
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