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 Laredo Texas mineral deed is a legal document that transfers the ownership of mineral rights from the granter (seller) to the grantee (buyer) in Laredo, Texas. Mineral rights refer to the ownership and legal rights to exploit or extract minerals, such as oil, gas, coal, or other valuable substances found beneath the surface of the land. Keywords: Laredo Texas, mineral deed, ownership, mineral rights, granter, grantee, legal document, exploit, extract, minerals, oil, gas, coal, valuable substances, surface of the land. Types of Laredo Texas Mineral Deed: 1. General Mineral Deed: This type of mineral deed conveys all the rights and interests in the minerals present beneath the surface of the land to the buyer without any limitations or reservations. 2. Limited Mineral Deed: A limited mineral deed transfers only a specific portion or fraction of the mineral rights to the buyer. The granter retains the remaining portion of the mineral rights. 3. Quitclaim Mineral Deed: A quitclaim mineral deed transfers the granter's interest in the mineral rights to the grantee without any warranties or guarantees. The granter only releases or "quits" their claim on the mineral rights without any promise of actual ownership. 4. Surface Use Mineral Deed: This type of mineral deed only grants the buyer the right to use the surface of the land for mineral exploration or extraction purposes but does not transfer the ownership of the minerals themselves. 5. Non-participating Mineral Deed: A non-participating mineral deed allows the grantee to own the minerals beneath the land but does not grant them the right to participate in any future actions or decisions regarding the mining or development of the minerals. It is essential to consult with a qualified attorney or legal professional in Laredo, Texas, to ensure the accurate preparation and execution of a mineral deed, as well as to understand the specific terms and conditions associated with each type mentioned above.A Laredo Texas mineral deed is a legal document that transfers the ownership of mineral rights from the granter (seller) to the grantee (buyer) in Laredo, Texas. Mineral rights refer to the ownership and legal rights to exploit or extract minerals, such as oil, gas, coal, or other valuable substances found beneath the surface of the land. Keywords: Laredo Texas, mineral deed, ownership, mineral rights, granter, grantee, legal document, exploit, extract, minerals, oil, gas, coal, valuable substances, surface of the land. Types of Laredo Texas Mineral Deed: 1. General Mineral Deed: This type of mineral deed conveys all the rights and interests in the minerals present beneath the surface of the land to the buyer without any limitations or reservations. 2. Limited Mineral Deed: A limited mineral deed transfers only a specific portion or fraction of the mineral rights to the buyer. The granter retains the remaining portion of the mineral rights. 3. Quitclaim Mineral Deed: A quitclaim mineral deed transfers the granter's interest in the mineral rights to the grantee without any warranties or guarantees. The granter only releases or "quits" their claim on the mineral rights without any promise of actual ownership. 4. Surface Use Mineral Deed: This type of mineral deed only grants the buyer the right to use the surface of the land for mineral exploration or extraction purposes but does not transfer the ownership of the minerals themselves. 5. Non-participating Mineral Deed: A non-participating mineral deed allows the grantee to own the minerals beneath the land but does not grant them the right to participate in any future actions or decisions regarding the mining or development of the minerals. It is essential to consult with a qualified attorney or legal professional in Laredo, Texas, to ensure the accurate preparation and execution of a mineral deed, as well as to understand the specific terms and conditions associated with each type mentioned above.
