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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 Oklahoma, a mineral deed is a legal document that transfers ownership of minerals beneath the surface of a tract of land from the grantor (seller) to the grantee (buyer). This includes not only the physical minerals but also the rights to any royalties, profits, or payments derived from the extraction and sale of those minerals. The deed must be in writing, signed by the grantor, and should be filed and recorded in the county where the property is located to provide notice to the public of the change in ownership. Oklahoma follows the 'Dominant Estate' principle, meaning that mineral rights are considered dominant over surface rights, and the owner of the mineral rights has the right to reasonable use of the surface to access the minerals. It's important to note that the transfer of mineral rights can be complex and may be subject to various regulations, including state statutes and case law. Therefore, it is advisable for parties involved in such transactions to consult with an attorney who specializes in oil, gas, and mineral law to ensure that the deed is properly executed and all legal requirements are met.

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Real property

mineral deed

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Oklahoma State Code

Real property

mineral deed

Oklahoma State Code

Articles