The US Is Uniquely the Only Country With Private Mineral Rights
David Senra · Texas Oil Billionaire Monty Moncrief · Apr 25, 2024 · at 12:53
David Senra discusses why American wildcatters like Monty Moncrief were uniquely able to negotiate private oil leases instead of negotiating directly with state governments.
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“America is the only country in the world in which the mineral rights underneath the ground, right, in which your, these wildcatters need to buy or to lease, are privately owned. Everywhere else, a state or a crown will hold the title.”
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