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.
The McKinney Texas Oil, Gas, and Mineral deed from Trust to an Individual — Salinterestedes— - Single Trustee is a legal document that transfers ownership of oil, gas, and mineral rights held in a trust to a single individual. This transaction involves the sale of the beneficiary's interest in the trust to the trustee for the specified resources. Keywords: 1. McKinney Texas: The location where the oil, gas, and mineral rights are situated, indicating the jurisdiction and applicability of the deed. 2. Oil: Refers to the fossil fuel extracted from underground reservoirs and is a significant component of the deed, denoting the primary resource being transferred. 3. Gas: Refers to natural gas, a valuable energy source often found alongside oil deposits. It signifies another key resource in the deed's transfer process. 4. Mineral: Encompasses various types of valuable resources found in the earth, such as coal, gold, silver, and other minerals. This keyword indicates the wide scope of resources subject to the transfer. 5. Deed: A legal document that serves as proof of ownership or transfer of property rights. It is the central focus of the transaction in question. 6. Trust: A legal arrangement where assets, such as oil, gas, and mineral rights, are held for the benefit of a designated beneficiary. The transfer in this context occurs from the trust to the trustee. 7. Individual: Refers to a single person who becomes the new owner of the oil, gas, and mineral rights, distinct from a group or entity. 8. Sale of Interest: Indicates that the transfer involves selling a portion or whole of the beneficiary's ownership rights in the trust. 9. Single Trustee: Specifies that there is only one trustee involved in the transaction, serving as the recipient of the beneficiary's interest. Different types of McKinney Texas Oil, Gas, and Mineral deed from Trust to an Individual — Salinterestedes— - Single Trustee may include variations based on the specific terms and conditions agreed upon by the parties involved. These may include variations in the percentage of interest being sold or specific provisions related to royalties, drilling rights, or any restrictions.
