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 Wyoming, a mineral deed is a legal document that conveys ownership rights in subsurface minerals—such as oil, gas, coal, and other valuable resources—from the grantor to the grantee. This deed includes the transfer of rights to any royalties, profits, or payments that arise from the extraction and sale of these minerals. The state of Wyoming requires that a mineral deed be in writing, contain a clear description of the property, the specific minerals being conveyed, and the interest being transferred. It must be signed by the grantor and notarized. Additionally, for the deed to be enforceable against third parties, it must be recorded with the county clerk in the county where the property is located. Wyoming statutes govern the specifics of the conveyance process, and it's important to ensure that the deed complies with these laws to be valid and effective.