Assignor grants and sells to the assignees all mineral rights, royalty rights, and overriding royalty rights acquired by assignor or its predecessors-in-title. The assignment is made with warranty by through and under the Grantor, but no further.
The Brownsville Texas Mineral, Royalty, and Overriding Royalty Conveyance Deed is a legal document that transfers rights to mineral resources, royalties, and overriding royalties from one party to another in the area of Brownsville, Texas. This type of deed is commonly used in the oil and gas industry to establish ownership and convey rights to mineral interests. In Brownsville, Texas, there are various types of Mineral, Royalty, and Overriding Royalty Conveyance Deeds, each serving specific purposes. They include: 1. Mineral Rights Conveyance Deed: This deed transfers ownership of the mineral rights associated with a particular property. It grants the new owner the exclusive rights to access, explore, and extract minerals from the land. Common minerals covered in these deeds include oil, gas, coal, and metals. 2. Royalty Interest Conveyance Deed: This deed facilitates the transfer of royalty interests, which are typically a percentage of the revenue generated from the production of minerals. It entitles the owner to receive a share of the income from the production of minerals extracted from the property. 3. Overriding Royalty Interest Conveyance Deed: This type of deed transfers overriding royalty interests, which are similar to regular royalties but are often granted to third parties who are not the property's owner. Overriding royalties are typically created through contractual agreements and convey a percentage of the production revenue to the overriding royalty interest holder. It is essential to carefully review and understand the terms and provisions of these deeds before entering into any agreements. They specify the extent of the conveyed rights, any limitations or reservations, the duration of the conveyance, and other important details. Additionally, the deeds may include clauses addressing payment obligations, rights to inspect operations, and dispute resolution procedures. When dealing with Brownsville Texas Mineral, Royalty, and Overriding Royalty Conveyance Deeds, it is crucial to consult with legal professionals or specialists in the field to ensure that your interests are protected and that the conveyance aligns with your objectives.
