Travis Texas Mineral Deed with Grantor Reserving Executive Rights in the Interest Conveyed - Transfer

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• County: Travis
• Control #: US-OG-060
• Format: Word; Rich Text

Description

This form of deed conveys the grantee a specified undivided mineral interest, with the grantor reserving the right to sign leases (the executive right) on the interest conveyed. Travis Texas Mineral Deed with Granter Reserving Executive Rights in the Interest Conveyed — Transfer is a legal document used to transfer mineral rights from one party to another in Travis County, Texas. This deed type allows the granter to retain executive rights over the minerals being conveyed, meaning they still maintain control and decision-making power regarding the development and extraction of the minerals. In this arrangement, the granter reserves the rights to negotiate and enter into contracts with third parties for mineral exploration, extraction, and development, while the grantee receives ownership of the minerals themselves. This unique arrangement ensures that the grantee obtains the actual mineral rights but does not have the authority to make decisions about how they are utilized. This type of mineral deed is frequently used in transactions related to oil, gas, and mineral resources in Travis County, Texas. It provides a balance between granting ownership and benefiting from potential revenue streams associated with the minerals while allowing the granter to retain control over the development and management of those resources. There may be variations of this type of mineral deed, such as the "Travis Texas Mineral Deed with Granter Reserving Executive Rights in Limited Interest Conveyed — Transfer," for cases where thgranteror retains executive rights over only a specific portion of the mineral interest conveyed, or the "Travis Texas Mineral Deed with Granter Reserving Executive Rights in All Interests Conveyed — Transfer," where thgranteror retains executive rights over all mineral interests conveyed. It is important to consult an experienced attorney or real estate professional when dealing with Travis Texas Mineral Deed with Granter Reserving Executive Rights in the Interest Conveyed — Transfer to ensure a clear understanding of the rights and responsibilities of the parties involved and to protect the interests of both the granter and the grantee.

Travis Texas Mineral Deed with Granter Reserving Executive Rights in the Interest Conveyed — Transfer is a legal document used to transfer mineral rights from one party to another in Travis County, Texas. This deed type allows the granter to retain executive rights over the minerals being conveyed, meaning they still maintain control and decision-making power regarding the development and extraction of the minerals. In this arrangement, the granter reserves the rights to negotiate and enter into contracts with third parties for mineral exploration, extraction, and development, while the grantee receives ownership of the minerals themselves. This unique arrangement ensures that the grantee obtains the actual mineral rights but does not have the authority to make decisions about how they are utilized. This type of mineral deed is frequently used in transactions related to oil, gas, and mineral resources in Travis County, Texas. It provides a balance between granting ownership and benefiting from potential revenue streams associated with the minerals while allowing the granter to retain control over the development and management of those resources. There may be variations of this type of mineral deed, such as the "Travis Texas Mineral Deed with Granter Reserving Executive Rights in Limited Interest Conveyed — Transfer," for cases where thgranteror retains executive rights over only a specific portion of the mineral interest conveyed, or the "Travis Texas Mineral Deed with Granter Reserving Executive Rights in All Interests Conveyed — Transfer," where thgranteror retains executive rights over all mineral interests conveyed. It is important to consult an experienced attorney or real estate professional when dealing with Travis Texas Mineral Deed with Granter Reserving Executive Rights in the Interest Conveyed — Transfer to ensure a clear understanding of the rights and responsibilities of the parties involved and to protect the interests of both the granter and the grantee.