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.
A Grand Prairie Texas Mineral Deed refers to a legal document that specifically focuses on the transfer of mineral rights within the city of Grand Prairie, located in Texas, USA. This deed is particularly relevant for individuals or entities involved in the buying or selling of mineral rights in the region. A mineral deed serves as proof of ownership for mineral rights, including but not limited to oil, gas, coal, and other natural resources found below the surface of the land. It is essential to ensure that the legal transfer of these rights is accurately documented, granting the new owner full control and authority over all exploration, extraction, and utilization of the minerals. In Grand Prairie, there might be various types of Mineral Deeds that are commonly encountered. Some notable examples include: 1. General Mineral Deed: This type of deed completely transfers the ownership of all minerals located within a specific property in Grand Prairie from the granter (seller) to the grantee (buyer). It covers all minerals present, whether discovered or undiscovered, and does not restrict any specific type of minerals. 2. Limited Mineral Deed: Unlike a general mineral deed, a limited mineral deed only transfers the ownership of specific minerals or a limited portion of the minerals present on a property. The deed specifies which minerals are included, such as oil and gas, and may exclude others, like coal or precious metals. 3. Royalty Deed: This type of mineral deed grants the buyer a stake in the royalties or profits generated from the extraction and sale of minerals. The royalty owner does not bear the financial burden of mineral exploration, but rather receives a percentage of the revenue generated by the mineral rights' holder. 4. Executive Rights Deed: An executive rights deed enables the holder to lease or sell mineral rights to exploration and extraction companies. This means that the deed owner has the power to negotiate and enter into contracts regarding the exploration and extraction of minerals on behalf of other co-owners. It is important to consult with a qualified attorney or real estate professional who specializes in mineral rights transactions in Grand Prairie, Texas, to ensure proper understanding and execution of the specific type of mineral deed required. They can guide individuals through the legal processes involved, including title research, due diligence, and drafting accurate and legally binding deeds.A Grand Prairie Texas Mineral Deed refers to a legal document that specifically focuses on the transfer of mineral rights within the city of Grand Prairie, located in Texas, USA. This deed is particularly relevant for individuals or entities involved in the buying or selling of mineral rights in the region. A mineral deed serves as proof of ownership for mineral rights, including but not limited to oil, gas, coal, and other natural resources found below the surface of the land. It is essential to ensure that the legal transfer of these rights is accurately documented, granting the new owner full control and authority over all exploration, extraction, and utilization of the minerals. In Grand Prairie, there might be various types of Mineral Deeds that are commonly encountered. Some notable examples include: 1. General Mineral Deed: This type of deed completely transfers the ownership of all minerals located within a specific property in Grand Prairie from the granter (seller) to the grantee (buyer). It covers all minerals present, whether discovered or undiscovered, and does not restrict any specific type of minerals. 2. Limited Mineral Deed: Unlike a general mineral deed, a limited mineral deed only transfers the ownership of specific minerals or a limited portion of the minerals present on a property. The deed specifies which minerals are included, such as oil and gas, and may exclude others, like coal or precious metals. 3. Royalty Deed: This type of mineral deed grants the buyer a stake in the royalties or profits generated from the extraction and sale of minerals. The royalty owner does not bear the financial burden of mineral exploration, but rather receives a percentage of the revenue generated by the mineral rights' holder. 4. Executive Rights Deed: An executive rights deed enables the holder to lease or sell mineral rights to exploration and extraction companies. This means that the deed owner has the power to negotiate and enter into contracts regarding the exploration and extraction of minerals on behalf of other co-owners. It is important to consult with a qualified attorney or real estate professional who specializes in mineral rights transactions in Grand Prairie, Texas, to ensure proper understanding and execution of the specific type of mineral deed required. They can guide individuals through the legal processes involved, including title research, due diligence, and drafting accurate and legally binding deeds.
