Thursday, May 16, 2019

RIGHTS IN REVERSE


Superficial rights
Reside on the Surface

Whilst mineral rights
Gain all  of the benefits

Of bonuses
One time payments
to produce and sell

Of royalties
A fraction of sales revenue
From Oil and Gas wells

Of Delayed rentals
Cash payments
For drill  postponement


During primary term
Or time that lease
is in effect

And secondary term
If lease is extended,yet

Acreage  granted
on prospect space
And depth  of well
depends

And the mineral landman
Can live  well and spend

For his rights dominates
Land surface
Soil
And groundwater benefits

He can add accessories
And explore as he sees fit

During Crown Times
Mineral rights owners
Were surface owners too

And what was found on your land ,
was yours,it's true

Things changed around 1904
From thereon the Government
retained mineral rights
For sure


And land sold from that year on
Had dual owners
Both the private and public coffers

Yet those who maintained ownership
Prior to 1903
Also maintain mineral rights here
 in T&T

And if  by chance the owner
 undetermined or uncertain be
The resource remains unexplored
here in this country

Copyright©2019 by Camille Caliscia Patrick

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