This form is a Oil, Gas and Mineral Deed reflecting the sale of mineral interest from Trust by a single Trustee to an individual Grantee. Grantor conveys and grants the described property to the Grantee. This deed complies with all state statutory laws.
Description: Irving Texas Oil, Gas, and Mineral Deed from Trust to an Individual — Salinterestedes— - Single Trustee is a legal document that signifies the transfer of ownership rights of oil, gas, and mineral interests from a trust to an individual in Irving, Texas. This type of deed is commonly used in real estate transactions involving the sale of such interests. The Irving Texas Oil, Gas, and Mineral Deed from Trust to an Individual — Salinterestedes— - Single Trustee is designed to provide a clear and detailed outline of the transaction, protecting the rights and interests of both parties involved. This legal document is crucial for ensuring a smooth transfer of ownership and avoiding any future disputes. Keywords: — Irving Texas: Situated in the heart of the Dallas-Fort Worth metropolitan area, Irving is a city in Texas known for its strong presence in the oil, gas, and mineral industry. — Oil: This term refers to a thick, viscous liquid hydrocarbon extracted from beneath the earth's surface, commonly used for energy production and other industrial purposes. — Gas: Gas, in this context, refers to natural gas, a fossil fuel present in underground reservoirs that is primarily composed of methane. It is a valuable resource used for heating, electricity generation, and cooking. — Mineral: Minerals, in the context of this deed, typically refer to valuable substances found in the ground, such as coal, limestone, gold, silver, copper, and more. — Deed: A legal document that serves as evidence of ownership, transfer, or conveyance of real property interests. — Trust: A legal arrangement where one party (the trustee) holds and manages assets on behalf of another party (the beneficiary), ensuring the assets are used for the beneficiary's benefit. — Individual: Refers to a private person or entity who is not representing an organization or corporation. — Sale of Interest: Indicates the transfer of ownership rights, shares, or stake in oil, gas, and mineral interests from the trust to the individual. — Single Trustee: Denotes a trust in which only one trustee is responsible for managing the assets. Different Types of Irving Texas Oil, Gas, and Mineral Deed from Trust to an Individual — Salinterestedes— - Single Trustee: 1. Partial Interest Sale: This type of deed refers to the transfer of a specific percentage or fraction of ownership rights in oil, gas, and mineral interests from the trust to the individual, while the trust retains the remaining share. 2. Absolute Interest Sale: In this case, the deed represents the complete and unconditional transfer of all ownership rights in oil, gas, and mineral interests from the trust to the individual, leaving no share or interest with the trust. 3. Limited Duration Sale: This type of deed specifies a temporary or limited duration in which the ownership rights in oil, gas, and mineral interests are transferred from the trust to the individual. After the specified duration elapses, the ownership rights may revert to the trust. 4. Royalty Interest Sale: A royalty interest deed describes the transfer of a percentage share in revenue or profits derived from the production and extraction of oil, gas, and minerals from the property, rather than the actual ownership rights in the land itself. This allows the individual to receive regular royalty payments without assuming the risks and costs associated with mineral extraction. When dealing with any type of Irving Texas Oil, Gas, and Mineral Deed from Trust to an Individual — Salinterestedes— - Single Trustee, it is crucial to consult with a qualified legal professional to ensure compliance with local laws, understand the implications, and protect your rights and investment.Description: Irving Texas Oil, Gas, and Mineral Deed from Trust to an Individual — Salinterestedes— - Single Trustee is a legal document that signifies the transfer of ownership rights of oil, gas, and mineral interests from a trust to an individual in Irving, Texas. This type of deed is commonly used in real estate transactions involving the sale of such interests. The Irving Texas Oil, Gas, and Mineral Deed from Trust to an Individual — Salinterestedes— - Single Trustee is designed to provide a clear and detailed outline of the transaction, protecting the rights and interests of both parties involved. This legal document is crucial for ensuring a smooth transfer of ownership and avoiding any future disputes. Keywords: — Irving Texas: Situated in the heart of the Dallas-Fort Worth metropolitan area, Irving is a city in Texas known for its strong presence in the oil, gas, and mineral industry. — Oil: This term refers to a thick, viscous liquid hydrocarbon extracted from beneath the earth's surface, commonly used for energy production and other industrial purposes. — Gas: Gas, in this context, refers to natural gas, a fossil fuel present in underground reservoirs that is primarily composed of methane. It is a valuable resource used for heating, electricity generation, and cooking. — Mineral: Minerals, in the context of this deed, typically refer to valuable substances found in the ground, such as coal, limestone, gold, silver, copper, and more. — Deed: A legal document that serves as evidence of ownership, transfer, or conveyance of real property interests. — Trust: A legal arrangement where one party (the trustee) holds and manages assets on behalf of another party (the beneficiary), ensuring the assets are used for the beneficiary's benefit. — Individual: Refers to a private person or entity who is not representing an organization or corporation. — Sale of Interest: Indicates the transfer of ownership rights, shares, or stake in oil, gas, and mineral interests from the trust to the individual. — Single Trustee: Denotes a trust in which only one trustee is responsible for managing the assets. Different Types of Irving Texas Oil, Gas, and Mineral Deed from Trust to an Individual — Salinterestedes— - Single Trustee: 1. Partial Interest Sale: This type of deed refers to the transfer of a specific percentage or fraction of ownership rights in oil, gas, and mineral interests from the trust to the individual, while the trust retains the remaining share. 2. Absolute Interest Sale: In this case, the deed represents the complete and unconditional transfer of all ownership rights in oil, gas, and mineral interests from the trust to the individual, leaving no share or interest with the trust. 3. Limited Duration Sale: This type of deed specifies a temporary or limited duration in which the ownership rights in oil, gas, and mineral interests are transferred from the trust to the individual. After the specified duration elapses, the ownership rights may revert to the trust. 4. Royalty Interest Sale: A royalty interest deed describes the transfer of a percentage share in revenue or profits derived from the production and extraction of oil, gas, and minerals from the property, rather than the actual ownership rights in the land itself. This allows the individual to receive regular royalty payments without assuming the risks and costs associated with mineral extraction. When dealing with any type of Irving Texas Oil, Gas, and Mineral Deed from Trust to an Individual — Salinterestedes— - Single Trustee, it is crucial to consult with a qualified legal professional to ensure compliance with local laws, understand the implications, and protect your rights and investment.
