Episode-221- Audience Questions for 6-16-09 — 10 Comments

  1. @Canadian Nomad,

    Forgot to put in that link it is the right one indeed, thanks.

  2. Gerber knifes look good and work well but the Co. service is the worst.I sent in a new high end butterfly knife and have never seen it again. After 5 years of going around and around with the Gerber people I now just bad mouth them at every gun show and at the Shoot Show every year.I have sent in a number of Buck knifes for service and a new edge and have never had a problem.My Gerber was a limited prod.very much in demand knife and someone in service just toke it home.

  3. Hi, Jack
    You’re discussion on mineral rights to enter and use the property wasn’t correct. The mineral estate is dominate to the surface estate. The only think the mineral estate is liable for is *actual* damages. IOW if the well is in a wheat field the mineral ows the surface for the wheat.

    The surface estate cannot prevent the mineral estate from using surface to drill a well. Aside from spacing rule near homes/buildings I don’t think “accommodation doctrine” rules would apply to a good BOL.

    Because the mineral estate shares ownership of the property it cannot be held in violation of tresspassing charges. In fact the mineral estate can prevent the surface owner from tresspasing on the location during drilling.

    Here’s the RRC page about these rights:

  4. Thanks for answering my question about getting a friend tuned in to TSP without the ‘survivalist’ stigma. For the record, I’m a Brit. Whenever I’m in the States, I always get mistaken for an Aussie!

  5. Jack,

    Doug is exactly right. Except for one thing (and I’m sure he meant to say this) the owner of the gas/oil rights does not owe annual loss (compensation) of crops, only initial loss of crops from the well and right of way.

    I agree with it not being a major priority for consideration of BOL, however.


  6. I bought the combo pack and used it the other day for the first time when I had to take down and cut up a small (5 inch) tree that was blocking our veggies from the sun. It worked very well, but the knife did fall out of the handle once.

  7. Many times the owner of a mineral rights may also have “surface rights” many times they do not. You can’t enter onto and set up extraction with out both or with out permission or consideration to the party with one or the other.

  8. Jack,

    You mentioned that wheat is being attacked and you expect possible shortages as this new mold spreads. Considering we’re already in a commodities boom that should last through at least the next several years for both fundamental and inflation related factors, do you think this is a good time to jump into wheat, either by etf or futures contracts? I know your not a financial advisor, I’m just curious about your opinion.

  9. Jack,

    I\’m wondering if you aren\’t confusing a producing well with a transmission line? If so, what you are saying would be correct, however that would have nothing to do with mineral rights, only easment issues and compensation for loss up to 99 years. In that case, transmission lines cannot be forced upon a landowner to yield right-of-way.

    I can only speak from personal experience in Pa. where our family owns wells and rights. It may be different from state to state.