New Mexico Oil, Gas and Mineral Deed - Individual to Two Individuals

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-00576-A
• Format: Word; Rich Text

Description

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. New Mexico Oil, Gas and Mineral Deed — Individual to Two Individuals is a legal document used for transferring ownership rights of oil, gas, and mineral interests in the state of New Mexico. This type of deed is specifically designed for situations where an individual seller intends to convey these rights to two other individuals as buyers. Keywords: New Mexico, oil, gas, mineral deed, individual, two individuals, ownership rights, legal document, transferring, interests, seller, buyer. Different types of New Mexico Oil, Gas and Mineral Deed — Individual to Two Individuals may include: 1. New Mexico Oil, Gas, and Mineral Deed — Individual to Two Individuals with Surface Rights: This deed involves the transfer of ownership rights for both the subsurface mineral rights and surface rights associated with the property. Surface rights typically include the right to use and access the surface land for exploration, drilling, and extraction activities. 2. New Mexico Oil, Gas, and Mineral Deed — Individual to Two Individuals without Surface Rights: In this type of deed, only the subsurface mineral rights are transferred, while the surface rights remain with the seller or a third party. This allows the buyer to exclusively exploit the oil, gas, and mineral resources beneath the surface but may require negotiated access agreements with the surface rights' holder. 3. New Mexico Oil, Gas, and Mineral Deed — Individual to Two Individuals with Royalty Interest: This deed grants the buyers' ownership rights to a percentage of the proceeds generated from the extraction and production of oil, gas, or minerals from the property. The sellers retain ownership of the underlying mineral rights, while the buyers receive compensation in the form of royalties based on the amount produced. 4. New Mexico Oil, Gas, and Mineral Deed — Individual to Two Individuals with Overriding Royalty Interest: In this type of deed, the sellers transfer a fixed or percentage interest in the revenue or production of oil, gas, or minerals above and beyond any existing royalty interests. Overriding royalty interests are usually limited to a specific time frame or a set amount of production. These various types of New Mexico Oil, Gas, and Mineral Deeds — Individual to Two Individuals provide individuals with the flexibility to tailor the transfer of ownership rights based on their specific needs and agreements between the parties involved. It is recommended to consult with a qualified attorney or legal professional to ensure the proper preparation and execution of these deeds.

New Mexico Oil, Gas and Mineral Deed — Individual to Two Individuals is a legal document used for transferring ownership rights of oil, gas, and mineral interests in the state of New Mexico. This type of deed is specifically designed for situations where an individual seller intends to convey these rights to two other individuals as buyers. Keywords: New Mexico, oil, gas, mineral deed, individual, two individuals, ownership rights, legal document, transferring, interests, seller, buyer. Different types of New Mexico Oil, Gas and Mineral Deed — Individual to Two Individuals may include: 1. New Mexico Oil, Gas, and Mineral Deed — Individual to Two Individuals with Surface Rights: This deed involves the transfer of ownership rights for both the subsurface mineral rights and surface rights associated with the property. Surface rights typically include the right to use and access the surface land for exploration, drilling, and extraction activities. 2. New Mexico Oil, Gas, and Mineral Deed — Individual to Two Individuals without Surface Rights: In this type of deed, only the subsurface mineral rights are transferred, while the surface rights remain with the seller or a third party. This allows the buyer to exclusively exploit the oil, gas, and mineral resources beneath the surface but may require negotiated access agreements with the surface rights' holder. 3. New Mexico Oil, Gas, and Mineral Deed — Individual to Two Individuals with Royalty Interest: This deed grants the buyers' ownership rights to a percentage of the proceeds generated from the extraction and production of oil, gas, or minerals from the property. The sellers retain ownership of the underlying mineral rights, while the buyers receive compensation in the form of royalties based on the amount produced. 4. New Mexico Oil, Gas, and Mineral Deed — Individual to Two Individuals with Overriding Royalty Interest: In this type of deed, the sellers transfer a fixed or percentage interest in the revenue or production of oil, gas, or minerals above and beyond any existing royalty interests. Overriding royalty interests are usually limited to a specific time frame or a set amount of production. These various types of New Mexico Oil, Gas, and Mineral Deeds — Individual to Two Individuals provide individuals with the flexibility to tailor the transfer of ownership rights based on their specific needs and agreements between the parties involved. It is recommended to consult with a qualified attorney or legal professional to ensure the proper preparation and execution of these deeds.