Grantor conveys, with limited warranty, unto the grantees all of grantor's mineral interest, including but not limited to oil, gas, carbon dioxide, and all other minerals in, on and under certain property described in the document.
Kansas Oil, Gas and Mineral Deed - Individual to Two Individuals
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In Kansas, the landowner usually owns the subsurface rights, but sometimes these rights have been severed, or separated from the surface ownership. Severance of mineral rights occurs when the owner of both the surface and mineral rights sells or grants by deed the mineral rights underlying their property.
The cash you obtain from the mineral rights value could be extremely helpful for various purposes. You might finance a college education for children, pay off debt, invest, or use it for other needs. After a long period, depleted oil and gas interests might attract no fair market value. Why Sell Your Mineral Rights - 6 Factors to Consider pheasantenergy.com ? why-sell-mineral-rights pheasantenergy.com ? why-sell-mineral-rights
Owners of subsurface rights can receive royalty, lease, and shut-in payments. Commonly applied in the oil and gas industry, shut-in payments are royalties paid by the oil and gas company to the lessor to maintain a lease on currently unproductive mineral assets. What are Mineral Rights? - How Do They Work in 2023 | Pheasant Energy pheasantenergy.com ? mineral-rights pheasantenergy.com ? mineral-rights
Mineral rights can be divided by specific mineral commodities. For example, one company can own the mineral rights to coal, while another company owns the oil and gas rights. Consequently, it is important to know which minerals are included in a mineral deed. Some deeds specify that ?all minerals? are included. Split Estate - Earthworks earthworks.org ? issues ? split_estate earthworks.org ? issues ? split_estate
Typically, mineral rights are associated with rural agricultural land. Agricultural land is not appraised at market value in Kansas. Thus, unsevered subsurface mineral rights are not assessed or taxed. Mineral Rights - Kansas Legislature Kansas State Legislature ? committees ? misc Kansas State Legislature ? committees ? misc PDF