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 South Carolina, a mineral deed is a legal document that transfers ownership of minerals and other subsurface assets from the grantor to the grantee. This type of deed typically includes the transfer of rights to extract and sell the minerals, as well as the right to receive any royalties, profits, or payments derived from the mineral assets. The deed must be in writing, signed by the grantor, and should clearly describe the property and the extent of the mineral rights being transferred. It must also be acknowledged by a notary and recorded with the Register of Deeds in the county where the property is located to be effective against third parties. South Carolina follows the common law rule that the ownership of land includes the minerals beneath the surface unless they have been severed by a previous deed or reservation. It is important for both grantors and grantees to understand the specific terms of the mineral deed and any applicable state statutes or case law that may affect their rights.