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Every acre of land has "mineral rights", that is, the ownership of any and all minerals under the surface of the land. Some own land that has the mineral rights, and in some cases the mineral rights have been sold off in earlier years. A lot of mineral rights are owned by oil companies and a lot are owned by individuals and a lot are owned by state governments and a lot by the federal government.
Gathering up these "mineral rights" is the job of Petroleum Land Specialists, some of which work for oil companies and some of which are independent.
What else can I help you with?
What are five natural resources of US?
Coal and oil are some natural resources of the US.
Would oil drilled offshore the US belong to us or to the oil companies?
The drilled oil belongs to whoever owns the specific oil rig.
What resources does Canada supply the US with?
Oil, from the oil sands of Alberta.
Who owns US oil reserve?
Definitely not Marty Davis, or the Nebraska Cornhuskers!
What are the resources in the southeastern part of the US?
Some natural resources in southeast United States are oil, gold, minerals, oil, and sugarcane.
Why is scarborough shoal is being claimed by the other countries in Asia?
Natural Resources. Whoever country owns it can dig the shoal for oil.
What are the two most important resources in the US?
water and oil
Why does the US care about what is happening in Libya?
Natural resources : Oil
What are some natural resources in the US?
Coal, oil, lumber,
What are the US top three natural resources?
coal oil and tabaco
What nations have abundant oil resources?
Libya, Saudi Arabia, Kuait, any other Arabic nation. The US has abundant oil resources, but Obama won't let the oil companies drill.
What are the four natural resources of the US?
coal, oil, fresh water, wood.
