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.
The Frisco Texas Mineral Deed is a legal document that transfers ownership rights to minerals or mineral rights in the city of Frisco, Texas. It pertains specifically to the rights of individuals who own land with potentially valuable mineral deposits beneath the surface. A Frisco Texas Mineral Deed is used to establish and clarify ownership and rights to minerals, such as oil, gas, coal, or ores, found beneath the land's surface in Frisco, Texas. This legal document ensures that individuals or entities have the right to explore, extract, and exclusively benefit from the minerals present on their property. There are several types of Frisco Texas Mineral Deeds, each designed to address specific circumstances: 1. General Mineral Deed: This is the most common type of mineral deed used in Frisco, Texas. It transfers all the mineral rights from the granter (seller) to the grantee (buyer), including the right to explore, extract, and profit from any minerals found on the property. 2. Limited Mineral Deed: This type of mineral deed grants specific and limited mineral rights rather than transferring full ownership. It may restrict the rights to certain minerals or specify a limited time frame for exploration and extraction. 3. Royalty Deed: A Frisco Texas Royalty Deed grants a person or entity the right to receive a percentage or portion of the profits generated from the extraction and sale of minerals on a property. The owner of the mineral rights still retains ownership but agrees to pay a portion of the proceeds to the royalty holder. 4. Leasehold Mineral Deed: This type of mineral deed grants the right to explore, extract, and profit from minerals for a specified duration, typically through a lease agreement. The mineral rights revert to the original owner once the lease term ends, unless renewed or extended. Frisco, Texas, being in proximity to the Barnett Shale formation, has seen considerable interest in mineral rights due to its potential for oil and natural gas deposits. The Frisco Texas Mineral Deed plays a crucial role in facilitating transactions and protecting the rights of owners and investors involved in mineral exploration and extraction activities in the area.The Frisco Texas Mineral Deed is a legal document that transfers ownership rights to minerals or mineral rights in the city of Frisco, Texas. It pertains specifically to the rights of individuals who own land with potentially valuable mineral deposits beneath the surface. A Frisco Texas Mineral Deed is used to establish and clarify ownership and rights to minerals, such as oil, gas, coal, or ores, found beneath the land's surface in Frisco, Texas. This legal document ensures that individuals or entities have the right to explore, extract, and exclusively benefit from the minerals present on their property. There are several types of Frisco Texas Mineral Deeds, each designed to address specific circumstances: 1. General Mineral Deed: This is the most common type of mineral deed used in Frisco, Texas. It transfers all the mineral rights from the granter (seller) to the grantee (buyer), including the right to explore, extract, and profit from any minerals found on the property. 2. Limited Mineral Deed: This type of mineral deed grants specific and limited mineral rights rather than transferring full ownership. It may restrict the rights to certain minerals or specify a limited time frame for exploration and extraction. 3. Royalty Deed: A Frisco Texas Royalty Deed grants a person or entity the right to receive a percentage or portion of the profits generated from the extraction and sale of minerals on a property. The owner of the mineral rights still retains ownership but agrees to pay a portion of the proceeds to the royalty holder. 4. Leasehold Mineral Deed: This type of mineral deed grants the right to explore, extract, and profit from minerals for a specified duration, typically through a lease agreement. The mineral rights revert to the original owner once the lease term ends, unless renewed or extended. Frisco, Texas, being in proximity to the Barnett Shale formation, has seen considerable interest in mineral rights due to its potential for oil and natural gas deposits. The Frisco Texas Mineral Deed plays a crucial role in facilitating transactions and protecting the rights of owners and investors involved in mineral exploration and extraction activities in the area.
