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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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Dkk
23:06
Indeed. I need a count for how many exectuive orders he has signed and how many already have pending lawsuits.
i've been away for a while what were the most recent waves? any this week?
lilypadfrog
8:12
hi shawties
lilypadfrog
8:16
who’s getting into a law school today raise your hand
jackfrost11770
8:28
I sure hope so at this point
lilypadfrog
8:28
woooo
lilypadfrog
8:28
jackfrost for law school
jackfrost11770
8:29
LILYPADFROG FOR LAW SCHOOL
jackfrost11770
8:29
I really just love how now there's an executive order that says I don't exist as a person
jackfrost11770
8:29
Do I not have to pay taxes now? Loans? What now
lilypadfrog
8:34
you should probably assume this means your law school will be free
GreyCeaselessMammoth
8:34
i love that there's an executive order that we're all female now
jackfrost11770
8:38
I think so yeah. I think I don't have to pay for anything anymore
Trismegistus
8:40
can someone release today my god
lilypadfrog
8:41
i’m boutta release
sounding like that one guy in here who kept saying he was cumming
Dkk
8:43
Was that me cus I just released.
lilypadfrog
8:44
Wahoowa
Dkk
8:45
AI Overview +1 "Wahoowa" is a cheer and greeting used by fans of the University of Virginia (UVA).
Dkk
8:45
Learned something new today. I can sleep knowing I learned something today.
lilypadfrog
8:48
https://en.m.wikipedia.org/wiki/Dalgona I just learned about these things. Apparently they’re featured in Squid Game, but I think Squid Game is just a ripoff of the original Mr Beast Games
I learned today the term fight fire with fire comes from the early day of fire fighting when departments would just bulldoze buildings and then burn them in an attempt to stop a fire from spreading. So to stop fire from burning shit they would burn down other buildings in a more violent and destructive way thus lowering the fires moral so much it refuses to spread and work.
GreyCeaselessMammoth
8:51
that's like basically how wildland firefighting still works
I did wildland and most of the time it was controlled burns but it is pretty funny to imagine doing that in a city/neighborhood.
Dkk
8:52
The Santa Ana winds kinda helped with that because it pushed the fire back to where it had already burned despite the news media saying everything was going to get worse like the idiots they are.
Cant imagine being the guy to be like "hey so to keep your neighbors house from burning down we are going to bulldoze yours and then catch it on fire"
lilypadfrog
8:55
buddy you can either stay in or get out but we’re bulldozing this
lilypadfrog
8:55
someone brought cake to the work breakroom today
lilypadfrog
8:56
they will tell you 9 AM is too early to eat cake but they are wrong
GreyCeaselessMammoth
8:56
guys it's my bday!
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