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 Oregon, a mineral deed is a legal document that transfers ownership rights of minerals and other subsurface assets from the grantor to the grantee. This includes not only the physical minerals but also the rights to any royalties, profits, or payments derived from the extraction and sale of these resources. The deed must be in writing, include a clear description of the property, the specific minerals or rights being conveyed, and comply with legal formalities such as being signed by the grantor and notarized. Once executed, the mineral deed should be recorded with the county recorder's office in the county where the property is located to provide public notice of the transfer and to protect the grantee's interests. It's important to note that Oregon law may impose certain regulations on mineral rights and extraction, and an attorney can provide specific guidance on these matters.