A mineral deed transfers all ownership rights in the assets under the surface of a tract of land—including oil, gas, coal, hydrocarbons, metals, and minerals—from the grantor (seller) to the grantee (buyer). The transfer also includes all rights to receive royalties, profits, or payments related to the assets under the surface of the land.
In Alabama, a mineral deed is a legal document that conveys ownership of minerals and resources located beneath the surface of a piece of land from the grantor to the grantee. This type of deed typically includes the transfer of rights to extract and sell the minerals, as well as the right to receive any royalties, rents, or profits derived from those minerals. The deed must be in writing, signed by the grantor, and should clearly describe the property and the interest being conveyed. It must also be acknowledged before a notary and recorded in the county where the property is located to provide notice to third parties and protect the grantee's interests. Alabama follows the 'reasonable use' doctrine for mineral rights, which allows the mineral owner to use as much of the surface as is reasonably necessary to access the minerals. However, the mineral owner must also consider the rights of the surface owner. It's important to note that specific terms and conditions of the mineral rights transfer can vary based on the language of the deed and any applicable state statutes or case law.