Collin Texas Term Mineral Deed of Undivided Interest

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• County: Collin
• Control #: US-OG-064
• Format: Word; Rich Text

Description

This deed form conveys a mineral interest for a specified term, to be designated by the grantor, after which time, the conveyed interest reverts to the grantor. Collin, Texas is a county located in the state of Texas, United States, known for its rich mineral resources, particularly in the field of oil and gas. One type of legal document commonly associated with the transfer of mineral rights in Collin, Texas, is the Collin Texas Term Mineral Deed of Undivided Interest. A Collin Texas Term Mineral Deed of Undivided Interest is a legal document that grants ownership in a specific portion of the mineral rights on a property to another party, known as the grantee. In this context, "term" signifies a limited duration or period for which the mineral rights are being conveyed. Undivided interest means that the grantee owns a fractional share of the mineral rights. These deeds are typically used when an owner wishes to transfer a portion of their mineral rights to another party while retaining ownership of the remaining interest. It is an important legal instrument in the oil and gas industry as it allows for the exploration and extraction of valuable minerals. Within the realm of Collin Texas Term Mineral Deed of Undivided Interest, there are a few different types that may be encountered. These variations mainly depend on the specific terms and conditions outlined in the deed, which can differ based on individual agreements between the granter and grantee. Some potential types of Collin Texas Term Mineral Deed of Undivided Interest may include: 1. Fixed Term Mineral Deed of Undivided Interest: This type of deed specifies a predetermined duration or fixed term for the conveyance of the mineral rights. Once the term expires, the rights may revert to the granter, or certain conditions may allow for an extension or renewal. 2. Royalty Interest Mineral Deed of Undivided Interest: In this case, the grantee receives a fraction of the proceeds from the minerals extracted or produced from the property. This type of deed is common when the granter wishes to share in the profits while retaining partial ownership. 3. Non-Executive Interest Mineral Deed of Undivided Interest: A non-executive interest means that the grantee does not possess the right to execute leases or negotiate drilling agreements, but still holds a share in the mineral rights of the property. 4. Conveyance of Specific Mineral Interest: This type of deed may be used to transfer a specific type of mineral interest, such as oil, gas, or other valuable minerals, rather than the entire interest in the property. It is important to consult with legal professionals specializing in real estate and mineral rights before drafting or executing any Collin Texas Term Mineral Deed of Undivided Interest to ensure accuracy and compliance with local laws and regulations.

Collin, Texas is a county located in the state of Texas, United States, known for its rich mineral resources, particularly in the field of oil and gas. One type of legal document commonly associated with the transfer of mineral rights in Collin, Texas, is the Collin Texas Term Mineral Deed of Undivided Interest. A Collin Texas Term Mineral Deed of Undivided Interest is a legal document that grants ownership in a specific portion of the mineral rights on a property to another party, known as the grantee. In this context, "term" signifies a limited duration or period for which the mineral rights are being conveyed. Undivided interest means that the grantee owns a fractional share of the mineral rights. These deeds are typically used when an owner wishes to transfer a portion of their mineral rights to another party while retaining ownership of the remaining interest. It is an important legal instrument in the oil and gas industry as it allows for the exploration and extraction of valuable minerals. Within the realm of Collin Texas Term Mineral Deed of Undivided Interest, there are a few different types that may be encountered. These variations mainly depend on the specific terms and conditions outlined in the deed, which can differ based on individual agreements between the granter and grantee. Some potential types of Collin Texas Term Mineral Deed of Undivided Interest may include: 1. Fixed Term Mineral Deed of Undivided Interest: This type of deed specifies a predetermined duration or fixed term for the conveyance of the mineral rights. Once the term expires, the rights may revert to the granter, or certain conditions may allow for an extension or renewal. 2. Royalty Interest Mineral Deed of Undivided Interest: In this case, the grantee receives a fraction of the proceeds from the minerals extracted or produced from the property. This type of deed is common when the granter wishes to share in the profits while retaining partial ownership. 3. Non-Executive Interest Mineral Deed of Undivided Interest: A non-executive interest means that the grantee does not possess the right to execute leases or negotiate drilling agreements, but still holds a share in the mineral rights of the property. 4. Conveyance of Specific Mineral Interest: This type of deed may be used to transfer a specific type of mineral interest, such as oil, gas, or other valuable minerals, rather than the entire interest in the property. It is important to consult with legal professionals specializing in real estate and mineral rights before drafting or executing any Collin Texas Term Mineral Deed of Undivided Interest to ensure accuracy and compliance with local laws and regulations.