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 Idaho, a mineral deed is a legal document that transfers ownership rights of minerals and other subsurface assets from the grantor to the grantee. This includes not only the physical minerals, but also the rights to any royalties, profits, or payments derived from the extraction and sale of these resources. The deed must be in writing, contain a clear description of the property, the specific minerals or rights being conveyed, and comply with legal formalities such as being signed by the grantor and notarized. Once executed, the mineral deed should be recorded with the county recorder's office in the county where the property is located to provide public notice of the transfer. It's important to note that Idaho may have specific statutes and case law governing mineral rights and the execution of mineral deeds, so it's advisable to consult with an attorney who specializes in property or mineral law to ensure compliance with all state regulations and to address any potential complexities related to mineral ownership and rights.