Undivided Interest In Land Texas

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• City: Houston
• 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. Houston, Texas is a vibrant city located in Harris County, covering an area of approximately 669 square miles. Known for its diverse economy and rich cultural heritage, Houston is also renowned for its thriving energy industry. In relation to the oil and gas sector, the term "Mineral Deed of Undivided Interest" holds significant importance. A Houston Texas Term Mineral Deed of Undivided Interest refers to a legal document that grants ownership rights to a specific portion or percentage of minerals found in a particular property within the city. This deed serves as an instrument for transferring ownership or conveying the mineral interest from one party to another. There are various types of Houston Texas Term Mineral Deeds of Undivided Interest, each designed to serve different purposes. Some common types include: 1. General Mineral Deed of Undivided Interest: This type of deed transfers the entire ownership interest of minerals within a property from the granter to the grantee. It encompasses all present and future rights, including the right to explore, extract, and profit from the minerals. 2. Fractional Mineral Deed of Undivided Interest: In this case, the granter transfers only a specific fraction or percentage of their mineral interest to the grantee. For instance, a granter may convey 50% of their mineral rights, while retaining the remaining 50%. 3. Non-Participating Mineral Deed of Undivided Interest: This type of deed allows the grantee to solely own the mineral rights without any involvement in the exploration or extraction process. The granter retains no working interest, but still possesses the right to receive royalty payments from the production of minerals. 4. Royalty Interest Deed of Undivided Interest: With a royalty interest deed, the granter conveys the right to receive a percentage of revenue from the production of minerals to the grantee. However, the grantee does not own any working interest or have the right to participate in exploration or extraction activities. 5. Overriding Royalty Interest Deed of Undivided Interest: This type of deed grants the grantee a fixed percentage of the revenue derived from the production of minerals, but only as an ongoing interest, typically in addition to any other royalty interests. Houston Texas Term Mineral Deeds of Undivided Interest play a crucial role in facilitating the transfer of mineral ownership rights within the city. These deeds ensure legal clarity and define the rights and obligations of both the granter and the grantee regarding the exploration, extraction, and financial benefits associated with minerals found in the property.

Houston, Texas is a vibrant city located in Harris County, covering an area of approximately 669 square miles. Known for its diverse economy and rich cultural heritage, Houston is also renowned for its thriving energy industry. In relation to the oil and gas sector, the term "Mineral Deed of Undivided Interest" holds significant importance. A Houston Texas Term Mineral Deed of Undivided Interest refers to a legal document that grants ownership rights to a specific portion or percentage of minerals found in a particular property within the city. This deed serves as an instrument for transferring ownership or conveying the mineral interest from one party to another. There are various types of Houston Texas Term Mineral Deeds of Undivided Interest, each designed to serve different purposes. Some common types include: 1. General Mineral Deed of Undivided Interest: This type of deed transfers the entire ownership interest of minerals within a property from the granter to the grantee. It encompasses all present and future rights, including the right to explore, extract, and profit from the minerals. 2. Fractional Mineral Deed of Undivided Interest: In this case, the granter transfers only a specific fraction or percentage of their mineral interest to the grantee. For instance, a granter may convey 50% of their mineral rights, while retaining the remaining 50%. 3. Non-Participating Mineral Deed of Undivided Interest: This type of deed allows the grantee to solely own the mineral rights without any involvement in the exploration or extraction process. The granter retains no working interest, but still possesses the right to receive royalty payments from the production of minerals. 4. Royalty Interest Deed of Undivided Interest: With a royalty interest deed, the granter conveys the right to receive a percentage of revenue from the production of minerals to the grantee. However, the grantee does not own any working interest or have the right to participate in exploration or extraction activities. 5. Overriding Royalty Interest Deed of Undivided Interest: This type of deed grants the grantee a fixed percentage of the revenue derived from the production of minerals, but only as an ongoing interest, typically in addition to any other royalty interests. Houston Texas Term Mineral Deeds of Undivided Interest play a crucial role in facilitating the transfer of mineral ownership rights within the city. These deeds ensure legal clarity and define the rights and obligations of both the granter and the grantee regarding the exploration, extraction, and financial benefits associated with minerals found in the property.