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Summer 2019
ISSN 0890-913X
Volume 34, Number 2

Surface and Subsurface Property Rights in Minerals: The Continuing Conflict

Calvin A. Kent, Marshall University
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/index.php?action=ajax&rs=GDMgetPage&rsargs[]=2019 Journal of Private Enterprise Vol 34 No 2 Summer PARTE3.pdf&rsargs[]=0
TheJournalofPrivateEnterprise34(2),2019,4364SurfaceandSubsurfacePropertyRightsinMinerals:TheContinuingConflictCalvinA.KentMarshallUniversity_____________________________________________________AbstractTheconflictsbetweenownersofsurfaceandsubsurfacemineralrightsaswellastheconflictsamongsubsurfacerightsownersarecontinuingissues.Mineralrightsusuallyareseveredfromsurfacerights,creatingconflictingrealpropertyrights:thosetothesurfaceandthosetothesubsurface.Theownersofthesubsurfacemineralrightshavethelegalrighttoextractthemineralsevenifextractioninvolvestheuseofthesurfaceownersland.Differentownersofsubsurfacemineralrightsinthesamereservoiralsoareofteninconflictregardingtherighttoextractthemineralinthecommonpool.Thispaperinvestigatesthesourcesoftheseconflicts,theremediesinbothcommonandstatutorylaw,andhowtheseremediesimpactanddefinepropertyrightsinoilandnaturalgasdevelopment.CommentisprovidedonwhethertheseconflictscouldhavebeenavoidedorreducediftheUnitedStateshadfollowedamarket-orientedphilosophy.______________________________________________________JELCodes:D92,H23,K11,P14,Q48Keywords:propertyrights,governmentpolicy,propertylaw,externalities,intertemporalfirmchoiceSecureprivatepropertyrightshavelongbeendemonstratedasthekeyforsustainedandprosperouseconomicgrowth.”ShogrenandParkhurst2012,p.196I.IntroductionPropertyrightsdefinecapitalismandmarketeconomies(Alchian2008;DavisandNorth1971).WhatdifferentiatesnationsthatprosperfromthosethatdonotdependsonaguaranteeofpropertyThispaperwaspresentedatthefortiethannualmeetingoftheAssociationforPrivateEnterpriseEducation,Cancun,Mexico,April14,2015.PortionsofthisresearchwerecompletedwhiletheauthorwasaDavidC.LincolnFellowattheLincolnInstituteofLandPolicy.Theentirework,StateandLocalAdValoremTaxationofMineralInterests,”workingpaperWP15CK1,canbedownloadedfromtheinstituteswebsite.
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