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The Texas General Land Office (GLO) is a state agency of the U.S. state of Texas, responsible for managing lands and mineral rights properties that are owned by the state. The GLO also manages and contributes to the state's Permanent School Fund .
Mineral rights can be separate from property ownership (see Split estate). Mineral rights can refer to sedentary minerals that do not move below the Earth's surface or fluid minerals such as oil or natural gas. [1] There are three major types of mineral property: unified estate, severed or split estate, and fractional ownership of minerals. [1]
In some states, severed mineral rights revert to the landowner if the mineral right not exercised for a certain time period. [ 3 ] In most states, unless otherwise specified by a deed, the owner of the oil and gas interest is presumed to have the right to occupy as much of the surface property as is reasonably needed to extract the oil and gas ...
Because Texas land is abundant with oil, natural gas and various minerals, owning Texas property has added value beyond the surface real estate. Skip to main content. 24/7 Help. For premium ...
In 1954, shareholders approved the transfer of mineral rights on the land to a new entity, TXL Oil Corporation, who could engage in the exploration, drilling and development of oil and gas properties. At the time, TPL’s holdings included approximately 1.8 million acres across 28 counties in Texas. [8]
The land patent specifies any usage restrictions, such as oil and mineral rights, roadways, ditches, and canals, that apply to the land. These restrictions are separate from state and local statutory regulations concerning property associated with the land, including zoning laws, building codes, and property taxes that pertain to both the land ...
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