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 Vermont, a mineral deed is a legal document that transfers ownership rights of subsurface assets, such as oil, gas, coal, hydrocarbons, metals, and minerals, from the grantor to the grantee. This type of deed not only conveys the physical assets beneath the land but also the rights to any royalties, profits, or payments that may arise from the extraction or use of those assets. The deed must be in writing, signed by the grantor, and should clearly describe the property and the rights being transferred. It must also be acknowledged by a notary and recorded with the town clerk in the town where the property is located to be effective against third parties. Vermont statutes govern the execution, recording, and effect of such deeds, ensuring that the transfer of mineral rights is clear and legally binding.