This deed grants, bargains, sells, conveys, and transfers to Grantee an undivided ten percent interest in and to all of Grantor's right, title, and interest in the oil, gas, and other minerals in, on, and under that may be produced from the agreed upon land.
Abilene Texas Mineral Deed is a legal document that transfers ownership of mineral rights from one party to another in Abilene, Texas. This document is essential in the oil and gas industry, as it grants the holder the right to explore, extract, sell, and lease minerals from a particular property. The Abilene Texas Mineral Deed serves as proof of ownership and ensures that the mineral rights are properly conveyed. There are different types of Abilene Texas Mineral Deeds, each with its specific purpose and provisions. These include: 1. General Mineral Deed: This type of mineral deed transfers all the current and future mineral rights interest from the granter to the grantee, without any specific limitations or exclusions. 2. Limited Mineral Deed: Unlike the general mineral deed, this version transfers only a portion of the mineral rights interest, specifying the specific minerals or area covered by the deed. 3. Quitclaim Mineral Deed: This deed is used when the granter is uncertain about the extent or validity of their mineral rights. It transfers whatever interest the granter possesses, without any warranties or guarantees. 4. Royalty Deed: Rather than transferring ownership of minerals, a royalty deed transfers the right to receive a specific percentage of the proceeds from the minerals' production to the grantee. The granter remains the owner, but the grantee becomes entitled to a portion of the profits. 5. Assignment of Oil and Gas Lease: This type of mineral deed transfers the rights and obligations of an existing oil and gas lease to another party. It allows for the assignment of leasehold interests, including all responsibilities and benefits tied to the lease. It is crucial to consult with legal professionals experienced in mineral rights law before engaging in any mineral deed transactions. They can provide guidance and ensure that the mineral rights transfer is properly executed, protecting the interests of both parties involved. In conclusion, an Abilene Texas Mineral Deed refers to a legal document that transfers mineral rights from one party to another in Abilene, Texas. Different types of mineral deeds exist, including general, limited, quitclaim, royalty, and assignment deeds, each serving specific purposes and conveying different aspects of mineral rights ownership.Abilene Texas Mineral Deed is a legal document that transfers ownership of mineral rights from one party to another in Abilene, Texas. This document is essential in the oil and gas industry, as it grants the holder the right to explore, extract, sell, and lease minerals from a particular property. The Abilene Texas Mineral Deed serves as proof of ownership and ensures that the mineral rights are properly conveyed. There are different types of Abilene Texas Mineral Deeds, each with its specific purpose and provisions. These include: 1. General Mineral Deed: This type of mineral deed transfers all the current and future mineral rights interest from the granter to the grantee, without any specific limitations or exclusions. 2. Limited Mineral Deed: Unlike the general mineral deed, this version transfers only a portion of the mineral rights interest, specifying the specific minerals or area covered by the deed. 3. Quitclaim Mineral Deed: This deed is used when the granter is uncertain about the extent or validity of their mineral rights. It transfers whatever interest the granter possesses, without any warranties or guarantees. 4. Royalty Deed: Rather than transferring ownership of minerals, a royalty deed transfers the right to receive a specific percentage of the proceeds from the minerals' production to the grantee. The granter remains the owner, but the grantee becomes entitled to a portion of the profits. 5. Assignment of Oil and Gas Lease: This type of mineral deed transfers the rights and obligations of an existing oil and gas lease to another party. It allows for the assignment of leasehold interests, including all responsibilities and benefits tied to the lease. It is crucial to consult with legal professionals experienced in mineral rights law before engaging in any mineral deed transactions. They can provide guidance and ensure that the mineral rights transfer is properly executed, protecting the interests of both parties involved. In conclusion, an Abilene Texas Mineral Deed refers to a legal document that transfers mineral rights from one party to another in Abilene, Texas. Different types of mineral deeds exist, including general, limited, quitclaim, royalty, and assignment deeds, each serving specific purposes and conveying different aspects of mineral rights ownership.
