Owning land and the minerals beneath it is a cherished privilege in the United States. Throughout history, the ownership of mineral and royalty rights has been a contentious issue, sparking battles both in courtrooms and on battlefields. Unfortunately, oil and gas companies have, for decades, cheated consumers out of billions of dollars in wrongfully withheld royalties. Whether unintentional or intentional, this practice is unjust. That’s why consumers have the right to seek redress for their damages.
If you suspect that you’ve been denied rightful royalties for the minerals on your property or have encountered a mineral royalty rights dispute, look no further. The attorneys at Potts Law Firm can assist you. With extensive experience in energy law matters, including mineral royalty rights disputes and energy contract disputes, we possess the expertise needed to protect your rights. Don’t hesitate to reach out for a complimentary consultation today by visiting Garrity Traina.
Understanding Mineral Royalty Rights in the U.S.
When minerals are extracted from privately owned land, mining companies are typically required to pay royalties to the landowner. These fees are based on either a fixed amount relative to the overall production or a percentage of the production value. It’s important to note that mineral rights and surface rights can be separate, with one party retaining the surface rights while another party, such as an oil or gas company, holds the mineral rights. In such cases, it is the responsibility of the party with the mineral rights to pay the landowner a royalty fee. Unfortunately, many oil and gas companies neglect their obligation to pay these royalties, thereby depriving landowners and consumers of their fair compensation.
To make matters more complex, each state in the U.S. has its own laws governing the transfer of mineral rights between entities. At Potts Law Firm, we understand these laws and are well-versed in handling intricate mineral rights transactions. Our expertise also extends to representing consumers in mineral rights litigation, royalty disputes, and mineral and royalty ownership rights disputes nationwide. Contact us today to learn more about your rights and how Potts Law Firm can fight for your interests.
Seeking Compensation in Mineral Royalty Claims
Should you suspect that you’ve been underpaid or otherwise wronged by an oil and gas company, you have the right to pursue legal action. By initiating mineral royalty rights litigation, you can seek fair compensation for the financial and non-financial losses incurred as a result of the company’s wrongful practices.
Depending on the specifics of your situation, you may be entitled to compensation for the following types of damages:
- Withheld royalty payments resulting in lost income
- Depleted mineral rights leading to financial losses
- Surface damages
Given the complexities involved, we strongly recommend working with an experienced mineral royalty rights attorney like those at Potts Law Firm. With our intimate knowledge of U.S. mineral royalty rights laws and state-specific regulations, we can advise you on the best course of action and guide you through the entire legal process.
What If There Is No Contract with the Oil & Gas Company?
Even landowners without contracts or leases with oil and gas companies can still seek damages as long as they possess some fraction of the applicable mineral rights. It’s crucial, however, to collaborate with a seasoned attorney, as pursuing damages without a contract or lease can be challenging, though not impossible.
If you suspect that you may have a claim against an oil or gas company despite lacking a contract or lease, Potts Law Firm is here to help. Contact us promptly for a free and confidential consultation to discuss your legal rights and available options.
Request a Free Consultation with Our Firm Today
Discover how the mineral royalty rights dispute lawyers at Potts Law Firm can assist you with your mineral rights and royalty matters. We offer complimentary consultations and work on a contingency fee basis, meaning you only pay litigation-related expenses if and when we secure a favorable outcome for your case.
To get started, either reach out to us online or call (888) 420-1299 today. Don’t delay—protect your mineral rights with Potts Law Firm.