Travis Texas Oil, Gas and Mineral Deed - Individual to Two Individuals

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• County: Travis
• 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. Travis Texas Oil, Gas and Mineral Deed — Individual to Two Individuals is a legal document that establishes the transfer of ownership rights of oil, gas, and mineral rights from an individual seller to two individuals as buyers. This deed serves as a record of the transaction and outlines the terms and conditions agreed upon by the parties involved. In Travis County, Texas, there are different types of Oil, Gas, and Mineral Deeds — Individual to Two Individuals that can be categorized based on specific circumstances or variations in the transaction: 1. General Travis Texas Oil, Gas, and Mineral Deed — Individual to Two Individuals: This type of deed is the most common and straightforward version used to transfer ownership of oil, gas, and mineral rights. It typically includes a legal description of the property, the buyer and seller's names, and the terms of the transfer. 2. Limited Travis Texas Oil, Gas, and Mineral Deed — Individual to Two Individuals: A limited deed may be used when the transfer of oil, gas, and mineral rights is restricted to a specific portion or limited area of the property. This can be useful when the seller wants to retain rights to other sections of the property or when the buyers only desire rights to a particular section. 3. Royalty Interest Travis Texas Oil, Gas, and Mineral Deed — Individual to Two Individuals: This deed specifically transfers only the royalty interest from the seller to two buyers. Royalties are a share of the proceeds from the sale of oil, gas, or minerals extracted from the property. With this deed, the buyers become entitled to a portion of the revenue generated from the production. 4. Non-Participating Royalty Interest (NPR) Travis Texas Oil, Gas, and Mineral Deed — Individual to Two Individuals: This type of deed transfers the non-participating royalty interest, which means the buyers receive the share of revenue without having the right to negotiate or make decisions regarding the oil, gas, or mineral extraction process. The sellers, in this case, retain the rights to negotiate leases and sign contracts with extraction companies. It is important to note that different types of Travis Texas Oil, Gas, and Mineral Deeds can be tailored to suit the specific requirements and agreements between the parties involved. Seeking legal advice from a qualified attorney specialized in real estate and mineral transactions is highly recommended ensuring a smooth and legally binding transfer of ownership.

Travis Texas Oil, Gas and Mineral Deed — Individual to Two Individuals is a legal document that establishes the transfer of ownership rights of oil, gas, and mineral rights from an individual seller to two individuals as buyers. This deed serves as a record of the transaction and outlines the terms and conditions agreed upon by the parties involved. In Travis County, Texas, there are different types of Oil, Gas, and Mineral Deeds — Individual to Two Individuals that can be categorized based on specific circumstances or variations in the transaction: 1. General Travis Texas Oil, Gas, and Mineral Deed — Individual to Two Individuals: This type of deed is the most common and straightforward version used to transfer ownership of oil, gas, and mineral rights. It typically includes a legal description of the property, the buyer and seller's names, and the terms of the transfer. 2. Limited Travis Texas Oil, Gas, and Mineral Deed — Individual to Two Individuals: A limited deed may be used when the transfer of oil, gas, and mineral rights is restricted to a specific portion or limited area of the property. This can be useful when the seller wants to retain rights to other sections of the property or when the buyers only desire rights to a particular section. 3. Royalty Interest Travis Texas Oil, Gas, and Mineral Deed — Individual to Two Individuals: This deed specifically transfers only the royalty interest from the seller to two buyers. Royalties are a share of the proceeds from the sale of oil, gas, or minerals extracted from the property. With this deed, the buyers become entitled to a portion of the revenue generated from the production. 4. Non-Participating Royalty Interest (NPR) Travis Texas Oil, Gas, and Mineral Deed — Individual to Two Individuals: This type of deed transfers the non-participating royalty interest, which means the buyers receive the share of revenue without having the right to negotiate or make decisions regarding the oil, gas, or mineral extraction process. The sellers, in this case, retain the rights to negotiate leases and sign contracts with extraction companies. It is important to note that different types of Travis Texas Oil, Gas, and Mineral Deeds can be tailored to suit the specific requirements and agreements between the parties involved. Seeking legal advice from a qualified attorney specialized in real estate and mineral transactions is highly recommended ensuring a smooth and legally binding transfer of ownership.