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If you own a piece of land do you own everything beneath that land such as oil and other raw materials?
Ksmail
to my understanding anything that lies below your property you own.. minerals most definately... oil can be tricky thou if the oil is under your property and someone elses property then you both own it most oil companies would pump the oil and give you royalty checks for the oil... and that goes for all whos land is located above the oil... However, some land owners in the past would subdivide a section but retain all water rights to use on their remaining land. You may have to check with the county recorder to find if your land has been stripped of all mineral and/or water rights. Actually, it depends on the title of the land. If it is fee simple, or if the title withholds mineral rights, etc. Some deed give you mineral rights on the property but not building rights. Others allow you to own what is above ground, but not what is under ground. It is best to consult a lawyer for issues of title.
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