La. Admin. Code tit. 70 § XVII-561

Current through Register Vol. 50, No. 11, November 20, 2024

Section XVII-561 - Mineral Rights

A. The LDOTD and the state of Louisiana do not generally acquire mineral rights. The property owner will retain the mineral rights beneath the area conveyed to the state. While the owner will be prohibited from exploring or drilling for or mining for oil, gas or other minerals of any kind within the area acquired, the owner may employ directional drilling from adjacent lands to extract such minerals, if possible. In cases where solid minerals are affected, i.e., those other than oil and gas, the appraiser, with the concurrence of the review appraiser, is to provide values for the affected minerals.

B. In some situations or markets, it may be typical to transfer mineral rights. If that occurs, the appraiser is to analyze the value of the rights transferred through the use of market sales and make adjustments, if warranted.

La. Admin. Code tit. 70, § XVII-561

Promulgated by the Department of Transportation and Development, Office of Real Estate, LR 33:1379 (July 2007).

AUTHORITY NOTE: Promulgated in accordance with R.S. 48:443.