What legal rights do I have to extract oil and gas?
In Georgia, landowners who own a mineral estate have the legal right to extract oil and gas from their property. There are several laws and regulations that govern the process of extracting oil and gas from your land, as well as a number of specific rights and responsibilities to consider. Under Georgia law, an individual who owns a mineral estate has the right to explore, develop, and produce minerals for commercial and noncommercial purposes. However, landowners may not interfere with adjoining owners’ rights to explore, develop, and produce minerals or otherwise impede access to the minerals. Landowners also have the right to receive royalties from oil and gas production. If a lease is in place, the leaseholder must pay the owner between 12.5 and 15 percent of the market value of the oil or gas produced from the property. In addition, landowners also have the right to inspect any work that is performed on the property and inspect the records of the leaseholder or operator. Finally, landowners have the right to terminate or cancel the lease if the operator has not begun drilling or production within the time specified in the lease. Landowners may also terminate the lease if the leaseholder fails to comply with the terms of the agreement, or if the lease is no longer beneficial to the owner. It is important to note, however, that the laws regarding oil and gas extraction vary by state, so it is always important to consult with a legal professional before beginning any oil and gas related activities.
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