Undivided Interest In Land Texas

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• County: Harris
• 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. The Harris Texas Term Mineral Deed of Undivided Interest is a legal document that conveys the ownership rights of a specific portion or interest in a mineral property located within Harris County, Texas. This type of deed is commonly used in the state of Texas to establish and transfer ownership in mineral rights. A Harris Texas Term Mineral Deed of Undivided Interest can refer to various types, including: 1. Surface Estate Deed: This type of deed grants ownership rights to the surface of the property, along with any attached minerals. It allows the owner to access and utilize both surface and mineral resources. 2. Mineral Estate Deed: Unlike the Surface Estate Deed, the Mineral Estate Deed transfers only the rights to the minerals beneath the surface of the property. The surface rights are retained by the granter. 3. Non-Participating Royalty Interest Deed: This form of deed conveys a specific share of royalty interests, allowing the owner to receive a percentage of any future revenue generated from the extraction or production of minerals. 4. Working Interest Deed: A Working Interest Deed transfers a portion of the working interest in a mineral property, granting the holder the right to actively participate in the exploration, development, and operation of the property. It is important to note that the Harris Texas Term Mineral Deed of Undivided Interest may have varying terms and conditions depending on the specific agreement between the granter and the grantee. These terms typically include the specific legal description of the property, the percentage or portion of the interest being conveyed, and any special provisions or restrictions related to the use and ownership of the mineral rights. A Term Mineral Deed of Undivided Interest has a set duration outlined in the deed itself, after which the ownership or interest in the minerals may revert or be transferred to another party. This can be beneficial for both the granter and the grantee, as it allows for flexibility and potential changes in circumstances over time. Overall, the Harris Texas Term Mineral Deed of Undivided Interest is a critical legal instrument used to establish, transfer, and protect ownership rights in mineral properties in Harris County, Texas. It is crucial for both parties involved to thoroughly understand the terms and conditions specified in the deed to ensure a clear and valid conveyance of mineral interests.

The Harris Texas Term Mineral Deed of Undivided Interest is a legal document that conveys the ownership rights of a specific portion or interest in a mineral property located within Harris County, Texas. This type of deed is commonly used in the state of Texas to establish and transfer ownership in mineral rights. A Harris Texas Term Mineral Deed of Undivided Interest can refer to various types, including: 1. Surface Estate Deed: This type of deed grants ownership rights to the surface of the property, along with any attached minerals. It allows the owner to access and utilize both surface and mineral resources. 2. Mineral Estate Deed: Unlike the Surface Estate Deed, the Mineral Estate Deed transfers only the rights to the minerals beneath the surface of the property. The surface rights are retained by the granter. 3. Non-Participating Royalty Interest Deed: This form of deed conveys a specific share of royalty interests, allowing the owner to receive a percentage of any future revenue generated from the extraction or production of minerals. 4. Working Interest Deed: A Working Interest Deed transfers a portion of the working interest in a mineral property, granting the holder the right to actively participate in the exploration, development, and operation of the property. It is important to note that the Harris Texas Term Mineral Deed of Undivided Interest may have varying terms and conditions depending on the specific agreement between the granter and the grantee. These terms typically include the specific legal description of the property, the percentage or portion of the interest being conveyed, and any special provisions or restrictions related to the use and ownership of the mineral rights. A Term Mineral Deed of Undivided Interest has a set duration outlined in the deed itself, after which the ownership or interest in the minerals may revert or be transferred to another party. This can be beneficial for both the granter and the grantee, as it allows for flexibility and potential changes in circumstances over time. Overall, the Harris Texas Term Mineral Deed of Undivided Interest is a critical legal instrument used to establish, transfer, and protect ownership rights in mineral properties in Harris County, Texas. It is crucial for both parties involved to thoroughly understand the terms and conditions specified in the deed to ensure a clear and valid conveyance of mineral interests.