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Fill and Sign the Conveyance of Net Profits Interests and Overriding Royalty Form

Fill and Sign the Conveyance of Net Profits Interests and Overriding Royalty Form

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MINERAL DEED (Reserving Nonparticipating Royalty Interest) State: County: Grantor: (Name and Address) Grantee: (Name and Address) Effective Date: Grantor, named above, is the owner of an undivided ____ mineral interest in and under the following lands (the "Lands") located in the county and state named above: (Lands which are the Subject of this Deed) For adequate consideration and subject to the reservation provided below, Grantor grants and conveys to Grantee, named above, an undivided (Percentage or Fraction) mineral interest in the Lands out of Grantor's mineral interest in the Lands. Included in this Deed and conveyed t o Grantee is the right to receive all royalty (except as limited by the reserva tion below), bonus, delay rentals, and the right to enter into or make oil, gas, and/or mineral leases. Out of the undivided mineral interest conveyed, Grantor reserves to (himself/ herself), and (his/her) heirs, successors, personal representatives, and assigns, an undivided (Percent or Fraction) of royalty, which reserved royalty interest shall only be payable out of oil, gas, or othe r minerals that may be produced from the Lands. By this reservation, Grantor shall not participate in the making of any leases on the undivided mineral interest conveyed to Grantee, or be entitled to receive or own any bonus or delay rentals for the granting of any lease on the Lands by Grantee. This Deed is executed and delivered by Grantor subject to the terms of any oil and gas lease which may have previously been entered into covering the Lands, but only to the ext ent that such lease is valid, in force, and effect. If a lease is in force and e ffect, Grantor's reserved royalty shall be payable out of the royalty provided for in the lease. Grantee executes and delivers this Deed with warranty of title by, through, and under Grantor, but not otherwise. This Deed is signed by Grantor as of the date of the acknowledgment of Grantor's signature below, but is effective for all purposes as of the Effective Date stated above. Grantor

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