This form is a Oil, Gas and Mineral Deed reflecting the sale of mineral interest from Trust by Two Trustees to an individual Grantee. Grantor conveys and grants the described property to the Grantee. This deed complies with all state statutory laws.
Travis Texas Oil, Gas, and Mineral Deed from Trust to an Individual — Sale of Interest – Two Trustees Keywords: Travis Texas, Oil, Gas, Mineral Deed, Trust, Individual, Sale of Interest, Two Trustees Description: A Travis Texas Oil, Gas, and Mineral Deed from Trust to an Individual is a legal document that transfers the ownership of oil, gas, and mineral rights from a trust to an individual. This type of deed is particularly relevant in Travis County, Texas, where the region is known for its abundant natural resources and rich oil, gas, and mineral reserves. When a trust holds ownership of oil, gas, and mineral rights, it has the authority to sell or transfer these interests to individuals or other entities. The Travis Texas Oil, Gas, and Mineral Deed from Trust to an Individual — Sale of Interest – Two Trustees refers to a specific scenario where the transfer is made by two trustees on behalf of the trust. This type of deed is used when a trust with multiple trustees decides to sell a portion or all of its oil, gas, and mineral interests to an individual. The involvement of two trustees indicates that the decision to sell the interest was made collectively, ensuring the trust's interests are protected and mutually agreed upon. Different Types of Travis Texas Oil, Gas, and Mineral Deed from Trust to an Individual — Salinterestedes— - Two Trustees: 1. Partial Sale of Interest: This type of deed is used when the trust decides to sell a specific percentage or portion of its oil, gas, and mineral interests to an individual. The trustees, acting on behalf of the trust, will transfer the agreed-upon percentage to the individual. 2. Full Sale of Interest: In this scenario, the trust decides to sell the entirety of its oil, gas, and mineral interests to an individual. This means that the individual will assume complete ownership of the rights previously held by the trust, giving them the authority to exploit and benefit from the resources within the designated property. 3. Conditional Sale of Interest: This type of deed involves the sale of oil, gas, and mineral interests with certain conditions attached. For example, the trust might specify that the individual is only allowed to extract a particular type of resource or place restrictions on the extraction methods to ensure sustainability and environmental conservation. In conclusion, the Travis Texas Oil, Gas, and Mineral Deed from Trust to an Individual — Salinterestedes— - Two Trustees is a legal document that facilitates the transfer of ownership of oil, gas, and mineral rights from a trust to an individual. Different variations of this deed include partial sales, full sales, and conditional sales, depending on the specific agreements and conditions set by the trust.
