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Real property

mineral deed

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 Nevada, a mineral deed is a legal document that transfers ownership rights of minerals and other subsurface assets from the grantor (seller) to the grantee (buyer). This includes not only solid minerals such as metals but also oil, gas, and hydrocarbons. The deed conveys the rights to explore, extract, and sell these minerals, as well as the right to receive any royalties, profits, or payments derived from them. Nevada law requires that the mineral deed be in writing, contain a clear description of the property, the specific minerals or rights being conveyed, and comply with general real estate transfer requirements, such as execution, acknowledgment, and recording. The deed must be recorded with the county recorder in the county where the property is located to provide public notice and protect the grantee's interests. It's important to note that Nevada follows the rule of capture for oil and gas, meaning that ownership of these resources is determined by who extracts them, subject to regulation by the Nevada Division of Minerals.

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mineral deed

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Real property

mineral deed