Purchased some vacant land in Moriarty NM in 1981, finished paying it off in 1997. The warranty deed signed by the grantors in 1997 indicated “Grantors reserve all minerals, and oil and gas, on or under said land.” This stipulation was not in the initial contact signed in 1981. It is 2021, 40 years after initially purchasing the land and 24 since getting the signed warranty deed.
- Do these mineral rights expire after 20 years?
- Do I now own the mineral rights on my land?
- Do I need to submit any form(s) to Torrance County indicating I now own the mineral rights/?
Thanks in advance
Dennis Tirado