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Click ‘Get Form’ to open the Oklahoma Mineral Deed in the editor.
Begin by filling in the Grantor and Grantee sections. Enter the names of the parties involved, including their business entity type and addresses.
In the 'Property Address' field, provide the specific location of the mineral interests being conveyed.
Next, indicate any exemptions to documentary stamp tax if applicable, referencing O.S. Title 68, Article 32, Section 3202(3).
Fill in the details regarding the acreage correction. Specify both the incorrect and correct acreage amounts clearly.
Complete the execution section by entering the date and having it signed by authorized representatives. Ensure that a notary public acknowledges this document.

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What does it mean if someone owns mineral rights to your property?

That means the mineral estate owner has the right to explore, drill, mine and extract natural resources from the subsurface of your property without your permission, he said. If someone owns the mineral rights on your property, they can also grant oil and gas leases to other entities.

How do mineral rights work in Oklahoma?

In Oklahoma, mineral rights can be separated from surface rights. An owner of a parcel of land can sell and lease the rights to the minerals beneath the surface. Moreover, these rights can be fractionalized across a number of owners. In the Sooner State, the mineral estate is the dominant estate.

What is a mineral deed in Oklahoma?

An Oklahoma mineral deed is a legal document that is used to convey mineral interest in a land it may contain a warranty of title, or could just be a quitclaim deed without title warranty. This deed is prepared and executed just like any other deed.

What is a mineral deed used for?

The purpose of a mineral deed is to grant the owner of a property the right to extract minerals from the land. This can be done for a variety of reasons, including: To generate income from the sale of minerals. To use the minerals for personal or commercial purposes.

How to claim mineral rights in Oklahoma?

In Oklahoma, its important to remember that mineral rights are considered real property by law. There are different types of purchase agreements that dictate how mineral rights are handled for land owners. The three main variations are unified, split, and fractional estates.