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 Kansas, a mineral deed is a legal document that transfers ownership rights 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 any 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, rents, or profits from the extraction and sale of these minerals. It's important to note that the transfer of mineral rights can be separate from the surface rights, meaning that the ownership of the surface land and the ownership of the minerals below can be held by different parties. In Kansas, the specifics of the mineral deed must comply with state statutes, including proper identification of the parties, a legal description of the property, the specific minerals or rights being conveyed, and adherence to recording requirements. The deed must be recorded in the county where the property is located to put third parties on notice of the transfer. An attorney can provide specific guidance on drafting and recording a mineral deed in Kansas to ensure it meets all legal requirements.