Texas Mineral Deed with Grantor Reserving Nonparticipating Royalty Interest

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-OG-062
• Format: Word; Rich Text

Description

This form of deed conveys the grantee an undivided mineral interest, with the grantor reserving a nonparticipating royalty interest out of the interest conveyed. A Texas Mineral Deed with Granter Reserving Nonparticipating Royalty Interest is a legal document used in real estate transactions involving mineral rights in the state of Texas. This type of deed allows a landowner (granter) to convey ownership of the minerals beneath their property while retaining a nonparticipating royalty interest. The granter, in this case, is the individual who currently holds the mineral rights and wishes to sell or transfer them to another party. By using this deed, the granter can retain the right to receive a royalty interest from any future production of minerals on the property, even though they no longer own the actual minerals. Keywords: Texas Mineral Deed, Granter, Nonparticipating Royalty Interest, Real Estate Transactions, Mineral Rights, Ownership, Property, Production, Royalty Interest. There are several types of Texas Mineral Deed with Granter Reserving Nonparticipating Royalty Interest, which are classified based on their specific provisions. Some commonly known types include: 1. Texas Mineral Deed with 1/2 Nonparticipating Royalty Interest: In this type of deed, the granter reserves a nonparticipating royalty interest of 1/2, meaning they will receive 50% of the royalties from future mineral production. 2. Texas Mineral Deed with 1/4 Nonparticipating Royalty Interest: Here, the granter reserves a nonparticipating royalty interest of 1/4, entitling them to receive 25% of the royalties from mineral extraction. 3. Texas Mineral Deed with 1/8 Nonparticipating Royalty Interest: This type grants the granter a nonparticipating royalty interest of 1/8, allowing them to receive 12.5% of the royalties from future mineral production. Each type of Texas Mineral Deed with Granter Reserving Nonparticipating Royalty Interest provides a specific percentage of royalties to the granter and may have additional terms and conditions that must be followed. It is important to note that the specific terms and provisions of these deeds may vary, and it is always advisable to consult with a qualified attorney or real estate professional when dealing with mineral rights transactions to ensure compliance with Texas laws and regulations.

A Texas Mineral Deed with Granter Reserving Nonparticipating Royalty Interest is a legal document used in real estate transactions involving mineral rights in the state of Texas. This type of deed allows a landowner (granter) to convey ownership of the minerals beneath their property while retaining a nonparticipating royalty interest. The granter, in this case, is the individual who currently holds the mineral rights and wishes to sell or transfer them to another party. By using this deed, the granter can retain the right to receive a royalty interest from any future production of minerals on the property, even though they no longer own the actual minerals. Keywords: Texas Mineral Deed, Granter, Nonparticipating Royalty Interest, Real Estate Transactions, Mineral Rights, Ownership, Property, Production, Royalty Interest. There are several types of Texas Mineral Deed with Granter Reserving Nonparticipating Royalty Interest, which are classified based on their specific provisions. Some commonly known types include: 1. Texas Mineral Deed with 1/2 Nonparticipating Royalty Interest: In this type of deed, the granter reserves a nonparticipating royalty interest of 1/2, meaning they will receive 50% of the royalties from future mineral production. 2. Texas Mineral Deed with 1/4 Nonparticipating Royalty Interest: Here, the granter reserves a nonparticipating royalty interest of 1/4, entitling them to receive 25% of the royalties from mineral extraction. 3. Texas Mineral Deed with 1/8 Nonparticipating Royalty Interest: This type grants the granter a nonparticipating royalty interest of 1/8, allowing them to receive 12.5% of the royalties from future mineral production. Each type of Texas Mineral Deed with Granter Reserving Nonparticipating Royalty Interest provides a specific percentage of royalties to the granter and may have additional terms and conditions that must be followed. It is important to note that the specific terms and provisions of these deeds may vary, and it is always advisable to consult with a qualified attorney or real estate professional when dealing with mineral rights transactions to ensure compliance with Texas laws and regulations.