Hello, I am thinking of buying a 4 acre property in Arp, TX. Seller attached in his disclosure a document that says the following: “Subject to Section C, Seller reserves all of the Mineral Estate owned by Seller. Section C: Seller does not reserve and retain implied rights of ingress and egress and of reasonable use of the Property (including surface materials) for mining, drilling, exploring, operating, developing, or removing the oil, gas, and other minerals. NOTE: Surface rights that may be held by other owners of the Mineral Estate who are not parties to this transaction (including existing mineral lessees) will NOT be affected by Seller’s election. Seller’s failure to complete Section C will be deemed an election to convey all surface rights described herein.”
Doe it mean that the Seller actually does not own mineral rights but someone else does and those people can have surface rights? I will appreciate good advice on this.
Thank you!