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Some of the rights can only be held for 20 years. Under Michigan's Dormant Minerals Act, severed oil or gas rights revert to the surface owner after twenty years, unless one of the following actions have occurred within the 20-year period:
• The severed interest is sold, leased, mortgaged, or transferred by recorded instrument.
• A drilling permit is issued.
• Oil or gas is actually produced or withdrawn from the severed holdings. • The interest is utilized for underground gas storage operations; or
• A record claim of interest is filed with the county Register of Deeds.
Mineral rights other than gas and oil are owned until sold or otherwise transferred by the owner.
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The way I understand it is if nothing has been done on the property pertaining to minerals meaning gas or oil after twenty years the mineral rights revert back to me, am I correct?
Only the oil and gas rights revert back to you.