Seller Foster is selling a property in Texas and the deed contains a mineral reservation from a previous owner that reads, 'Grantor reserves 1/2 of all oil, gas, and other minerals.' Under Texas law, what does this mean for the current sale?
Correct Answer
B) Foster owns only 1/2 of the mineral rights, and the other 1/2 belongs to the heirs or successors of the prior grantor
Mineral reservations run with the land and are binding on subsequent owners. The previous owner's reservation of 1/2 of the minerals means Foster owns only 1/2 of the mineral rights. The other 1/2 belongs to the heirs or successors of the grantor who made the reservation.
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