Hello,
Thank you so much for responding. I truly appreciate your feedback. The problem is the preliminary title report that I - as a non-legal person - am having a hard time interpreting. I understand that you are not my lawyer and that you certainly are not giving me legal advice. However, I would truly appreciate it if you could help me by translating the following paragraphs into plain English. What rights does DRH Energy and the Butler family have on this property?
***EXCEPTING THEREFROM, an undivided 1/4 interest in and to all oils, mineral and other hydro-carbon substances lying in or under said land, as reserved by Leslie Albert Butler and Minnie Frances Butler, husband and wife, in Grant Deed recorded on February 2, 1953, in Book XXX, Page XXX, Official Records; *
EXCEPTING THEREFROM, any and all (i) oil rights, (ii) mineral rights, (iii) natural gas rights, (iv) rights to all other hydrocarbons by whatsoever name known, (v) geothermal heat rights or geothermal substances that may be produced from the property described above, (vi) water rights and claims or rights to water and (vii) all products derived from any of the foregoing (collectively, “Subsurface Resources”), and the perpetual right to drill, mine, explore and operate for and produce, store and remove any of the Subsurface Resources on or from the property, including the right to whipstock or directionally drill and mine, from lands other than the property, wells, tunnels and shafts into, through or across the subsurface of the property, and to bottom such whipstocked or directionally drilled wells, tunnels and shafts within or beyond the exterior limits of the property, and to redrill, retunnel, equip, maintain, repair, deepen and operate any such wells or mines, but without the right to drill, mine, explore, operate, produce, store or remove any of the Subsurface Resources through or in the surface of the property or the upper five hundred (500) feet of the subsurface of the property, as granted to DRH Energy, Inc., a Colorado corporation, in deed recorded in the Office of the County Recorder of Placer County;**
Thank you so much for the plain English translation. Can the family and DRH Energy one day decide they would want to mine / drill on this lot? I’m just overwhelmed at this point so your help is much and very gratefully appreciated!