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 Mississippi, a mineral deed is a legal document that conveys ownership of minerals and other subsurface resources from the grantor to the grantee. This deed transfers not only the physical minerals but also the rights to explore, drill, mine, and produce the minerals, as well as to receive any royalties, rents, or profits from the mineral assets. The mineral rights can be sold separately 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. When executing a mineral deed, it is important to clearly specify the minerals or substances being conveyed and any terms or conditions of the transfer. The deed must be in writing, signed by the grantor, and should be recorded in the county where the property is located to provide public notice of the transfer. Mississippi law requires that the deed adhere to legal standards for property transfers, including proper identification of the parties and the property, and acknowledgment before a notary public.