Houston Texas Mineral Deed with Grantor Reserving Nonparticipating Royalty Interest

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• City: Houston
• Control #: US-OG-062
• Format: Word; Rich Text

Description

This form of deed conveys the grantee an undivided mineral interest, with the grantor reserving a nonparticipating royalty interest out of the interest conveyed. A Houston Texas Mineral Deed with Granter Reserving Nonparticipating Royalty Interest is a legal document that transfers ownership of mineral rights from the current owner (the granter) to another party (the grantee) while reserving a nonparticipating royalty interest for the granter. This type of mineral deed specifies that the granter will retain the right to receive a predetermined fraction or percentage of the royalties generated from the minerals extracted. Keywords: Houston Texas, Mineral Deed, Granter, Nonparticipating Royalty Interest, Ownership Transfer, Mineral Rights, Royalties, Extraction. There can be various types of Houston Texas Mineral Deeds with Granter Reserving Nonparticipating Royalty Interest, based on different clauses and conditions: 1. Limited Duration Mineral Deed with Granter Reserving Nonparticipating Royalty Interest: This type of mineral deed specifies a predetermined duration for the grantee's ownership of the minerals. Once the specified duration elapses, the mineral rights revert to the granter, including the nonparticipating royalty interest. 2. Nonproducing Mineral Deed with Granter Reserving Nonparticipating Royalty Interest: In this case, the granter retains the nonparticipating royalty interest even if the minerals are not being actively extracted or producing any revenue. The grantee may still hold the mineral rights but would not receive any royalties until the minerals become producing. 3. Specific Mineral Type Deed with Granter Reserving Nonparticipating Royalty Interest: This type of mineral deed could be tailored to convey ownership of specific types of minerals, such as oil, gas, coal, or other valuable resources. The granter can specify the type of minerals subject to the deed, while reserving the nonparticipating royalty interest associated with that particular mineral type. 4. Fractional Nonparticipating Royalty Interest Mineral Deed: In this case, the granter reserves a fractional interest in the royalties generated from the minerals. For example, if the granter reserves a 1/8th nonparticipating royalty interest, they would receive 1/8th of the total royalties derived from the mineral extraction, while the grantee receives the remaining 7/8ths. 5. Percentage Nonparticipating Royalty Interest Mineral Deed: Similar to the fractional nonparticipating royalty interest, the granter reserves a specific percentage of the royalties instead of a fractional interest. For instance, if the granter reserves a 20% nonparticipating royalty interest, they would receive 20% of the total royalties, and the grantee would receive the remaining 80%. Houston Texas Mineral Deeds with Granter Reserving Nonparticipating Royalty Interest provide legal clarity and protection for both the granter and the grantee. It ensures that the granter continues to benefit from the extracted minerals while transferring ownership to the grantee, who can develop and profit from the resources. These deeds are essential in the highly lucrative mineral industry, allowing parties to strike fair agreements while safeguarding their respective interests.

A Houston Texas Mineral Deed with Granter Reserving Nonparticipating Royalty Interest is a legal document that transfers ownership of mineral rights from the current owner (the granter) to another party (the grantee) while reserving a nonparticipating royalty interest for the granter. This type of mineral deed specifies that the granter will retain the right to receive a predetermined fraction or percentage of the royalties generated from the minerals extracted. Keywords: Houston Texas, Mineral Deed, Granter, Nonparticipating Royalty Interest, Ownership Transfer, Mineral Rights, Royalties, Extraction. There can be various types of Houston Texas Mineral Deeds with Granter Reserving Nonparticipating Royalty Interest, based on different clauses and conditions: 1. Limited Duration Mineral Deed with Granter Reserving Nonparticipating Royalty Interest: This type of mineral deed specifies a predetermined duration for the grantee's ownership of the minerals. Once the specified duration elapses, the mineral rights revert to the granter, including the nonparticipating royalty interest. 2. Nonproducing Mineral Deed with Granter Reserving Nonparticipating Royalty Interest: In this case, the granter retains the nonparticipating royalty interest even if the minerals are not being actively extracted or producing any revenue. The grantee may still hold the mineral rights but would not receive any royalties until the minerals become producing. 3. Specific Mineral Type Deed with Granter Reserving Nonparticipating Royalty Interest: This type of mineral deed could be tailored to convey ownership of specific types of minerals, such as oil, gas, coal, or other valuable resources. The granter can specify the type of minerals subject to the deed, while reserving the nonparticipating royalty interest associated with that particular mineral type. 4. Fractional Nonparticipating Royalty Interest Mineral Deed: In this case, the granter reserves a fractional interest in the royalties generated from the minerals. For example, if the granter reserves a 1/8th nonparticipating royalty interest, they would receive 1/8th of the total royalties derived from the mineral extraction, while the grantee receives the remaining 7/8ths. 5. Percentage Nonparticipating Royalty Interest Mineral Deed: Similar to the fractional nonparticipating royalty interest, the granter reserves a specific percentage of the royalties instead of a fractional interest. For instance, if the granter reserves a 20% nonparticipating royalty interest, they would receive 20% of the total royalties, and the grantee would receive the remaining 80%. Houston Texas Mineral Deeds with Granter Reserving Nonparticipating Royalty Interest provide legal clarity and protection for both the granter and the grantee. It ensures that the granter continues to benefit from the extracted minerals while transferring ownership to the grantee, who can develop and profit from the resources. These deeds are essential in the highly lucrative mineral industry, allowing parties to strike fair agreements while safeguarding their respective interests.