Sec. 7. (a) This section applies to the following:
(1) Interests in oil and gas.
(2) Interests in coal bed methane.
(b) An interest referred to in subsection (a) in, on, under, or that may be taken from beneath the surface of land located in Indiana may be created:
(1) for life;
(2) for a term of years; or
(3) in fee;
in the manner and to the extent that other interests in real estate and title are created.
(c) Title to the estates specified under subsection (b) may be vested in one (1) or more persons by:
(1) sole ownership;
(2) tenancy in common;
(3) joint tenancy;
(4) tenancy by the entireties; or
(5) another manner recognized under Indiana law.
(d) Interests or estates specified in this section are freely alienable, in whole or in part, in the same manner as are other interests in real estate.
[Pre-2002 Recodification Citation: 32-5-7-3.]
As added by P.L.2-2002, SEC.8. Amended by P.L.140-2011, SEC.27.
Structure Indiana Code
Article 23. Conveyance of Property Interests Less Than Fee Simple
Chapter 7. Oil and Gas: Estates in Land
32-23-7-0.3. "Coal Bed Methane"
32-23-7-0.4. "Coal Bed Methane Estate in Land"
32-23-7-0.5. "Coal Bed Methane Production Area"
32-23-7-0.8. "Commercially Minable Coal Resource"
32-23-7-2. "Oil and Gas Estate in Land"
32-23-7-2.5. "Operations for Coal Bed Methane"
32-23-7-3. "Operations for Oil and Gas"
32-23-7-4. "Person in Interest"
32-23-7-6. Rights and Privileges Transferred
32-23-7-6.5. Notice to Surface Owner of Intent to Enter Property