Cook Illinois Oil, Gas and Mineral Deed - Individual to Two Individuals

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• County: Cook
• Control #: US-00576-A
• Format: Word; Rich Text

Description

Grantor conveys, with limited warranty, unto the grantees all of grantor's mineral interest, including but not limited to oil, gas, carbon dioxide, and all other minerals in, on and under certain property described in the document. A Cook Illinois Oil, Gas, and Mineral Deed is a legal document used when an individual wants to transfer ownership of oil, gas, and mineral rights to two individuals located in Cook County, Illinois. This deed ensures that the conveyance of these rights is properly recorded and acknowledged. It serves as evidence of the transfer and protects the interests of both the granter and grantees involved. The Cook Illinois Oil, Gas, and Mineral Deed — Individual to Two Individuals can be categorized into several types, based on specific circumstances or requirements. Some of these types include: 1. Cook Illinois Oil, Gas, and Mineral Deed with Surface Rights: This type of deed transfers both the subsurface rights (oil, gas, and minerals) as well as surface rights (ownership and usage of the land's surface). 2. Cook Illinois Oil, Gas, and Mineral Deed without Surface Rights: In this case, only the subsurface rights are transferred, without including surface rights. The granter retains ownership and control over the land's surface. 3. Cook Illinois Non-Participating Oil, Gas, and Mineral Deed: This type of deed transfers the subsurface rights, but the granter retains the right to receive a portion of the royalties or profits from any extraction or exploration activities conducted on the property. 4. Cook Illinois Royalty Deed: Unlike traditional conveyances, a royalty deed passes a specific percentage or fraction of income or proceeds generated from the extraction or production of oil, gas, or minerals, while ownership of the rights remains with the granter. 5. Cook Illinois Quitclaim Oil, Gas, and Mineral Deed: This type of deed transfers any interest or claim the granter possesses on the oil, gas, and mineral rights to the two individuals, without guaranteeing that the granter has any valid rights to transfer. 6. Cook Illinois Special Warranty Oil, Gas, and Mineral Deed: In this case, the granter guarantees protection against title defects or claims arising only during their ownership, not before their ownership. These different types of Cook Illinois Oil, Gas, and Mineral Deeds ensure that the transfer of rights is tailored to the specific needs and circumstances of the parties involved, providing clarity and minimizing any potential disputes or future claims.

A Cook Illinois Oil, Gas, and Mineral Deed is a legal document used when an individual wants to transfer ownership of oil, gas, and mineral rights to two individuals located in Cook County, Illinois. This deed ensures that the conveyance of these rights is properly recorded and acknowledged. It serves as evidence of the transfer and protects the interests of both the granter and grantees involved. The Cook Illinois Oil, Gas, and Mineral Deed — Individual to Two Individuals can be categorized into several types, based on specific circumstances or requirements. Some of these types include: 1. Cook Illinois Oil, Gas, and Mineral Deed with Surface Rights: This type of deed transfers both the subsurface rights (oil, gas, and minerals) as well as surface rights (ownership and usage of the land's surface). 2. Cook Illinois Oil, Gas, and Mineral Deed without Surface Rights: In this case, only the subsurface rights are transferred, without including surface rights. The granter retains ownership and control over the land's surface. 3. Cook Illinois Non-Participating Oil, Gas, and Mineral Deed: This type of deed transfers the subsurface rights, but the granter retains the right to receive a portion of the royalties or profits from any extraction or exploration activities conducted on the property. 4. Cook Illinois Royalty Deed: Unlike traditional conveyances, a royalty deed passes a specific percentage or fraction of income or proceeds generated from the extraction or production of oil, gas, or minerals, while ownership of the rights remains with the granter. 5. Cook Illinois Quitclaim Oil, Gas, and Mineral Deed: This type of deed transfers any interest or claim the granter possesses on the oil, gas, and mineral rights to the two individuals, without guaranteeing that the granter has any valid rights to transfer. 6. Cook Illinois Special Warranty Oil, Gas, and Mineral Deed: In this case, the granter guarantees protection against title defects or claims arising only during their ownership, not before their ownership. These different types of Cook Illinois Oil, Gas, and Mineral Deeds ensure that the transfer of rights is tailored to the specific needs and circumstances of the parties involved, providing clarity and minimizing any potential disputes or future claims.