Let's assume that Company A is in the sugar beet business. They own lots
of
land and may lease some too, but assume that they own at least some of the
mineral rights on a ****tion of their land holdings.
Suddenly, a find of oil and gas is made under their land.
(1) Wouldnt it be normal for a company to consider that this might happen
and that the company would have considered how to handle it in their
bylaws?
(2) Can it be assumed that, since the parent company owns the land, the
parent company , and therefore the stockholders in the beet business, will
profit?
(3) Might the subsoil minerals be held by family members, or in a
different
cor****ation, and be of no benefit at all to the beet stockholders?
Thanks for your serious comments.
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