Texas Term Mineral Deed of Undivided Interest

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-OG-064
• Format: Word; Rich Text

Description

This deed form conveys a mineral interest for a specified term, to be designated by the grantor, after which time, the conveyed interest reverts to the grantor. A Texas Term Mineral Deed of Undivided Interest is a legally binding document that conveys the ownership of a specific portion or percentage of minerals found on a designated property in Texas. This type of deed is commonly used in real estate transactions involving mineral rights, where the property owner desires to sell or transfer a portion of their interest in the minerals. Keywords: Texas Term Mineral Deed, Undivided Interest, mineral rights, real estate transactions, property owner, minerals. There are different types of Texas Term Mineral Deed of Undivided Interest, which include: 1. Fractional Interest Mineral Deed: This type of deed enables the transfer of a specific fraction or percentage of the total mineral rights to another party. For example, a property owner may choose to convey a 50% undivided interest in the minerals, allowing the other party to possess and exploit half of the minerals. 2. Term Mineral Deed: A term mineral deed conveys a time-limited interest in the minerals. This means that the recipient of the deed will have the right to possess, explore, and exploit the minerals for a specified period, after which the rights may revert to the original property owner. 3. Limited Mineral Deed: In some cases, the property owner may choose to grant a limited mineral deed, which specifies specific minerals, zones, or depths that are included in the conveyance. This type of deed can provide clearer boundaries or restrictions on the transferred mineral rights. 4. Special Warranty Mineral Deed: Unlike a general warranty deed, which guarantees the title to the minerals throughout the property's history, a special warranty mineral deed only guarantees the title during the time period that the current granter owned the property. This type of deed provides a lesser level of protection for the grantee. 5. Override Mineral Deed: An override mineral deed grants the recipient a percentage or portion of the royalties or proceeds derived from the minerals, rather than a direct ownership interest. This type of deed is commonly used in oil and gas industry deals where a party with expertise or involvement receives a share of the profits. In summary, a Texas Term Mineral Deed of Undivided Interest is a legal instrument used to transfer ownership or interest in minerals on a specific property in Texas. Different types of such deeds include fractional interest, term, limited, special warranty, and override mineral deeds.

A Texas Term Mineral Deed of Undivided Interest is a legally binding document that conveys the ownership of a specific portion or percentage of minerals found on a designated property in Texas. This type of deed is commonly used in real estate transactions involving mineral rights, where the property owner desires to sell or transfer a portion of their interest in the minerals. Keywords: Texas Term Mineral Deed, Undivided Interest, mineral rights, real estate transactions, property owner, minerals. There are different types of Texas Term Mineral Deed of Undivided Interest, which include: 1. Fractional Interest Mineral Deed: This type of deed enables the transfer of a specific fraction or percentage of the total mineral rights to another party. For example, a property owner may choose to convey a 50% undivided interest in the minerals, allowing the other party to possess and exploit half of the minerals. 2. Term Mineral Deed: A term mineral deed conveys a time-limited interest in the minerals. This means that the recipient of the deed will have the right to possess, explore, and exploit the minerals for a specified period, after which the rights may revert to the original property owner. 3. Limited Mineral Deed: In some cases, the property owner may choose to grant a limited mineral deed, which specifies specific minerals, zones, or depths that are included in the conveyance. This type of deed can provide clearer boundaries or restrictions on the transferred mineral rights. 4. Special Warranty Mineral Deed: Unlike a general warranty deed, which guarantees the title to the minerals throughout the property's history, a special warranty mineral deed only guarantees the title during the time period that the current granter owned the property. This type of deed provides a lesser level of protection for the grantee. 5. Override Mineral Deed: An override mineral deed grants the recipient a percentage or portion of the royalties or proceeds derived from the minerals, rather than a direct ownership interest. This type of deed is commonly used in oil and gas industry deals where a party with expertise or involvement receives a share of the profits. In summary, a Texas Term Mineral Deed of Undivided Interest is a legal instrument used to transfer ownership or interest in minerals on a specific property in Texas. Different types of such deeds include fractional interest, term, limited, special warranty, and override mineral deeds.