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 Minnesota, a mineral deed is a legal document that transfers ownership of minerals and associated rights from the grantor to the grantee. This includes not only the physical minerals beneath the surface, such as oil, gas, coal, and various metals, but also the rights to any royalties, profits, or payments that arise from the extraction and sale of these minerals. The deed must be in writing, signed by the grantor, and must contain a legal description of the property. It should also specify exactly what minerals and rights are being transferred. 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. Minnesota law requires that the transfer of real property interests, including mineral rights, follow the general real estate transfer rules set forth in Minnesota Statutes, and any transfer is subject to state and local regulations regarding mineral extraction and land use.