[sauropod]

Then, what is "ownership" and how is that different than a Time-Share condo? My understanding of property rights is that they are rights the individual with respect to his property to acquire, use and dispose of his property as he sees fit.

If he can't prevent the State from drilling on his land, then he doesn't have complete ownership of it.

It's the same reason I object to things like neighborhood covenants. People that didn't pay for your property telling you what you can/cannot do with it, or in this case, extracting wealth from it w/o just compensation.

[Carry_Okie]

Then, what is "ownership" and how is that different than a Time-Share condo?

It depends upon whether you own a particular contract for use or the whole enchilada. Both are property.

My understanding of property rights is that they are rights the individual with respect to his property to acquire, use and dispose of his property as he sees fit.

Those freedoms are limited to the property that one owns. If one owns the development rights, that's one thing. If it's the mineral rights that's another. If one owns both, then there is yet more control. Nothing is infinite. For example, one doesn't typically own the air space whether for transportation or for the distribution of electromagnetic signals; above a certain altitude is a socialized commons. I would argue that such is ultimately a bad thing, but that's how it is.