"Debt at work" - If oil was discovered on your property, could your adjacent neighbor also take claim to that oil? How about legally or illegally? Has a case like this gone to court before? Could the neighbor win in a court of law or is there no chance of winning? Would it make a difference if a major corporation was the one trying to take claim to that oil?
2006-12-13 07:49:08 · 8 answers · asked by Mr C. needs help 1 in Politics & Government ➔ Law & Ethics
Depends on how the land is owned and if the deed includes all mineral rights on the surface and under it. Much of this depends on what State and Country you live in.
2006-12-13 07:51:59 · answer #1 · answered by Anonymous · 1⤊ 0⤋
There are actually a few cases about this, as oil doesn't obey property lines. Therefore some of the oil will be on one person's property and some on the neighbor's. Although the person who discovered it will get a premium, the other person will be entitled to the portion from what comes from underneath his property. It does not make a difference who is trying to claim the oil. Either that or the neighbor can set up to drill underneath his own land and keep that. I can't recall exactly how it works out - but I know the neighbor isn't out of luck.
2006-12-13 07:56:32 · answer #2 · answered by Tara P 5 · 0⤊ 0⤋
Any thing under your property is state property i want to say you only own like 8 feet under your property....when i lived in Oklahoma our neighbor (a mile down the road) hit oil when he was digging a new well and the state came in and gave him a tiny little pice of the profit for putting a oil rigger on his property but he never saw any real money from it
2006-12-13 07:53:43 · answer #3 · answered by Lab Runner 5 · 0⤊ 0⤋
Legally no, anything under your property lines to the center of the earth, and above to the farthest reaches of the universe is technically yours. That doesn't mean a big corporation (or government) with deep pockets can't for all practical purposes use the courts to steal it though.
2006-12-13 07:52:34 · answer #4 · answered by John L 5 · 0⤊ 1⤋
Anyone who holds the mineral rights can take the oil from land under ownership. If the disputed oil is under both of your properties, both of you can claim it and harvest it from your individual properties.
2006-12-13 07:57:03 · answer #5 · answered by AnnieD 4 · 0⤊ 0⤋
If the "neighbor" is a 3rd world country on the other side of the world, you can use massive force to take the oil.
2006-12-13 08:02:04 · answer #6 · answered by Anonymous · 1⤊ 1⤋
they would fine a way to take it away from you with a small amount out of money going to the real owner of this oil
2006-12-13 07:51:59 · answer #7 · answered by ? 6 · 0⤊ 0⤋
no
2006-12-13 07:58:41 · answer #8 · answered by steven p 2 · 0⤊ 0⤋