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 Arkansas, a mineral deed is a legal document that transfers ownership of minerals beneath the surface of a tract of land from the grantor to the grantee. This includes not only solid minerals but also oil, gas, and other hydrocarbons. The rights conveyed by a mineral deed typically include the right to explore, drill, mine, and produce the minerals, as well as the right to receive any royalties, bonuses, or other payments that arise from the extraction and sale of these minerals. The deed must be in writing, signed by the grantor, and must contain a legal description of the property. It must also be recorded in the county where the property is located to provide notice to third parties and protect the grantee's interests. Arkansas law requires that the deed adhere to certain formalities to be valid, and it is subject to both state statutes and federal laws that regulate mineral rights and transactions.