This form is a Mineral Deed where the Grantor is an Individual and the Grantee is a Trust. Grantor conveys and grants the described mineral rights and royalties to the Grantee. This deed complies with all state statutory laws.
San Angelo Texas Oil, Gas, and Mineral Deed — Individual to Trust In San Angelo, Texas, the Oil, Gas, and Mineral Deed — Individual to Trust is an essential legal document used to transfer ownership of mineral rights, oil, and gas interests from an individual to a trust entity. This deed plays a crucial role in facilitating the seamless transfer of these valuable assets while ensuring the necessary legal protections are in place. Keywords: San Angelo Texas, Oil, Gas, Mineral Deed, Individual to Trust, ownership, mineral rights, oil interests, gas interests, legal document, transfer, trust entity, valuable assets, legal protections. Types of San Angelo Texas Oil, Gas, and Mineral Deed — Individual to Trust: 1. Basic Oil, Gas, and Mineral Deed: This type of deed outlines the transfer of ownership of all mineral rights, oil interests, and gas interests held by an individual to a trust. It provides a clear description of the property, granter's and grantee's details, and any reservations or exceptions regarding the conveyed rights. 2. Royalty Deed: A royalty deed is a specific type of Oil, Gas, and Mineral Deed — Individual to Trust where the transfer involves only the royalties or a certain percentage of royalties emanating from oil, gas, or mineral production. It ensures that the trust entity receives a portion of the profit generated by the respective resources. 3. Assignment of Working Interest: In some cases, an individual may want to transfer their working interest, which involves direct involvement in the day-to-day management and decision-making of oil, gas, or mineral projects, to a trust. This Assignment of Working Interest denotes the transfer of such rights and responsibilities to the designated trust entity. 4. Overriding Royalty Interest (ORRIS) Deed: An ORRIS Deed refers to a San Angelo Texas Oil, Gas, and Mineral Deed — Individual to Trust, wherein an individual grants a trust an overriding royalty interest. This means that the trust will receive a specific percentage of proceeds from oil, gas, or mineral productions, typically without any operational or management liability. Note: The availability and specific provisions of the mentioned deed types may vary depending on the legal and contractual framework of San Angelo, Texas. Consulting with a legal professional experienced in oil, gas, and mineral law is advised to ensure compliance with all applicable regulations and to tailor the deed to one's specific needs.San Angelo Texas Oil, Gas, and Mineral Deed — Individual to Trust In San Angelo, Texas, the Oil, Gas, and Mineral Deed — Individual to Trust is an essential legal document used to transfer ownership of mineral rights, oil, and gas interests from an individual to a trust entity. This deed plays a crucial role in facilitating the seamless transfer of these valuable assets while ensuring the necessary legal protections are in place. Keywords: San Angelo Texas, Oil, Gas, Mineral Deed, Individual to Trust, ownership, mineral rights, oil interests, gas interests, legal document, transfer, trust entity, valuable assets, legal protections. Types of San Angelo Texas Oil, Gas, and Mineral Deed — Individual to Trust: 1. Basic Oil, Gas, and Mineral Deed: This type of deed outlines the transfer of ownership of all mineral rights, oil interests, and gas interests held by an individual to a trust. It provides a clear description of the property, granter's and grantee's details, and any reservations or exceptions regarding the conveyed rights. 2. Royalty Deed: A royalty deed is a specific type of Oil, Gas, and Mineral Deed — Individual to Trust where the transfer involves only the royalties or a certain percentage of royalties emanating from oil, gas, or mineral production. It ensures that the trust entity receives a portion of the profit generated by the respective resources. 3. Assignment of Working Interest: In some cases, an individual may want to transfer their working interest, which involves direct involvement in the day-to-day management and decision-making of oil, gas, or mineral projects, to a trust. This Assignment of Working Interest denotes the transfer of such rights and responsibilities to the designated trust entity. 4. Overriding Royalty Interest (ORRIS) Deed: An ORRIS Deed refers to a San Angelo Texas Oil, Gas, and Mineral Deed — Individual to Trust, wherein an individual grants a trust an overriding royalty interest. This means that the trust will receive a specific percentage of proceeds from oil, gas, or mineral productions, typically without any operational or management liability. Note: The availability and specific provisions of the mentioned deed types may vary depending on the legal and contractual framework of San Angelo, Texas. Consulting with a legal professional experienced in oil, gas, and mineral law is advised to ensure compliance with all applicable regulations and to tailor the deed to one's specific needs.
