Orange California Warranty Deed Conveying Oil, Gas, and Minerals - Mineral Rights Transfer

Name: Orange California Warranty Deed Conveying Oil, Gas, and Minerals - Mineral Rights Transfer
Brand: US Legal Forms
Rating: 4.62 (287 reviews)

Category:

Real Estate - Deeds - Warranty

State:

Multi-State

County:

Orange

Control #:

US-02060BG

Format:

Instant download

Description

A mineral deed is a document that transfers mineral rights in a property, which may include the right to disturb the surface to access the minerals. Mineral rights deal with the privilege of gaining income from the sale of oil, gas, and other valuable resources found on or below land. Mineral rights can be sold or leased separately from the land ownership. There is a considerable difference of court opinion as to the character of the interest created by such conveyance. Under the ownership-in-place theory, a fee simple estate in whatever mineral is conveyed passes to the grantee, but in states rejecting that theory, no definite title of any kind passes, and the grantee gains only the right to acquire title by entering on the land and extracting the specified mineral.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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How to fill out Orange California Warranty Deed Conveying Oil, Gas, And Minerals - Mineral Rights Transfer?

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FAQ

Because the minerals are considered part of the real estate in Texas, a seller under a contract that fails to mention minerals would have a contractual requirement to convey the entire real estate, including the surface and all minerals, to the buyer.

Without any royalty income it comes down to what buyers think the future income might be. For non-producing properties, the Mineral Rights Value in Oklahoma could be anywhere from a few hundred dollars per acre to $5,000+/acre. It really depends on which county your property is located in.

After a divorce, mineral rights can be transferred by submitting the divorce decree and conveyances to the county (where the minerals are located) for recording. They usually go to the same agency that records titles and property deeds. The county will return the recorded original documents to the new owner.

As a general rule of thumb, the value for non-producing mineral rights will nearly always be less than $1,000/acre. In most cases, the mineral rights value in Texas for non-producing minerals will be $0 to $250, but producing minerals $25,000+ per acre is not unusual.

The General Mineral Deed in Oklahoma transfers oil, gas, and mineral rights from the grantor to the grantee. THIS IS NOT A LEASE. There are no Exceptions or Reservations included. The transfer includes the oil, gas and other minerals of every kind and nature.

Landowners commonly sever and sell their mineral rights, often to big oil and gas exploration companies. The most common way of claiming mineral rights today is by buying them at auction or through private sales .

Mineral rights in Texas are the rights to mineral deposits that exist under the surface of a parcel of property. This right normally belongs to the owner of the surface estate; however, in Texas those rights can be transferred through sale or lease to a second party.

To transfer mineral rights: The grantor's lawyer has to come up with a deed of transfer to the grantee. The grantee accepts the deed of transfer and goes on to register themselves as the new rightful owner at the office of the Colorado State land board.

The only way to determine your rights is to conduct a search of the public land records in the county where the property is located. All the deeds conveying the property must be reviewed. This is known as reviewing the property's Chain of Title.

Oklahoma law allows for certain mineral interests to be transferred by filing an affidavit in the county real estate records.

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Federal land for various uses, including oil and gas, geothermal, wind, solar, mineral materials (excluding unpatented mining claims), and other.

Orange California Warranty Deed Conveying Oil, Gas, and Minerals - Mineral Rights Transfer

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Do mineral rights automatically convey in Texas?

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How much is an acre of mineral rights worth in Texas?

Do mineral rights transfer with property in Oklahoma?

How do I claim mineral rights in Texas?

Who owns the mineral rights to my property in Texas?

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