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 Pasadena Texas Mineral Deed is a legal document that conveys mineral rights within Pasadena, Texas, from one party to another. This deed serves as evidence of ownership and transfer of these valuable rights associated with the extraction and exploitation of minerals within the city. The Pasadena Texas Mineral Deed allows the transferor, also known as the granter, to transfer ownership of the mineral rights to the recipient, referred to as the grantee. These rights typically include ownership over minerals such as oil, gas, coal, and other valuable resources found beneath the surface of the land in Pasadena. Different types of Pasadena Texas Mineral Deeds include: 1. General Mineral Deed: This type of mineral deed transfers all mineral rights to the grantee, including oil, gas, and other associated rights, without any restrictions. 2. Limited Mineral Deed: With a limited mineral deed, the granter specifically transfers only a portion of the mineral rights, typically limited to a specific mineral or a particular depth. It may include restrictions or conditions placed on the use of the minerals. 3. Non-Participating Mineral Deed: This type of mineral deed transfers mineral rights, but the granter retains the right to receive royalty payments. The grantee, although owning the minerals, cannot profit directly from their production. 4. Mineral Royalty Deed: A mineral royalty deed grants the grantee only the right to receive royalties from the production of minerals. The grantee does not own the actual minerals beneath the land. 5. Special Warranty Mineral Deed: In this type of mineral deed, the granter guarantees the grantee against any defects or encumbrances on the title that occurred during their ownership. However, it does not protect against defects that existed before the granter's ownership. It is important for both the granter and grantee to thoroughly understand the terms and implications of the Pasadena Texas Mineral Deed and seek legal counsel if necessary. This deed plays a significant role in determining ownership and rights over valuable minerals within Pasadena, Texas.A Pasadena Texas Mineral Deed is a legal document that conveys mineral rights within Pasadena, Texas, from one party to another. This deed serves as evidence of ownership and transfer of these valuable rights associated with the extraction and exploitation of minerals within the city. The Pasadena Texas Mineral Deed allows the transferor, also known as the granter, to transfer ownership of the mineral rights to the recipient, referred to as the grantee. These rights typically include ownership over minerals such as oil, gas, coal, and other valuable resources found beneath the surface of the land in Pasadena. Different types of Pasadena Texas Mineral Deeds include: 1. General Mineral Deed: This type of mineral deed transfers all mineral rights to the grantee, including oil, gas, and other associated rights, without any restrictions. 2. Limited Mineral Deed: With a limited mineral deed, the granter specifically transfers only a portion of the mineral rights, typically limited to a specific mineral or a particular depth. It may include restrictions or conditions placed on the use of the minerals. 3. Non-Participating Mineral Deed: This type of mineral deed transfers mineral rights, but the granter retains the right to receive royalty payments. The grantee, although owning the minerals, cannot profit directly from their production. 4. Mineral Royalty Deed: A mineral royalty deed grants the grantee only the right to receive royalties from the production of minerals. The grantee does not own the actual minerals beneath the land. 5. Special Warranty Mineral Deed: In this type of mineral deed, the granter guarantees the grantee against any defects or encumbrances on the title that occurred during their ownership. However, it does not protect against defects that existed before the granter's ownership. It is important for both the granter and grantee to thoroughly understand the terms and implications of the Pasadena Texas Mineral Deed and seek legal counsel if necessary. This deed plays a significant role in determining ownership and rights over valuable minerals within Pasadena, Texas.
