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 Ohio, 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 such as coal and metals but also oil, gas, and any hydrocarbons. The rights conveyed by a mineral deed typically include the ability to explore, extract, and sell these minerals, as well as the right to receive any royalties, rents, or profits that arise from the minerals. The deed must be in writing, signed by the grantor, and should be recorded in the county where the property is located to provide notice to the public and protect the grantee's interests. Ohio law requires that the deed clearly describe the property and the rights being transferred. It's also important to note that Ohio follows the Dormant Mineral Act, which can affect the ownership of mineral rights when they have not been used for a certain period of time.