Transferring Oil, Gas, and Mineral Rights to Your Trust

Oil, gas, and mineral rights can come in different forms. The process to transfer to these to your Trust can vary depending on the form they take.

Transferring your oil, gas, and mineral rights to a trust involves understanding the nature of these rights and preparing the appropriate documentation. This guide simplifies the process into key steps.

Determine the Nature of Your Rights

First, identify how your rights are classified to determine the transfer process:

  • Real Property Rights: If your rights are akin to real property ownership, a deed is typically required to transfer them into your trust.
  • Contractual Rights: In instances where the rights resemble a contractual agreement, completing an "assignment" is necessary for the transfer.
  • Other Forms: May necessitate specific documentation or assignments for the operators.

Review Your Ownership Documentation

The documents that prove your ownership will guide the transfer process.

Determine whether your ownership is documented through a deed, a contract, or other forms of legal documentation. The transfer often requires documentation mirroring the form of your original ownership documents. For example, a deed for real property-like rights, or an assignment for contractual rights.

Consult with Operating Companies

Companies managing your rights can offer guidance. These entities might have specific transfer requirements or provide necessary forms to complete the transfer

More Resources

View, download, or print our comprehensive guide to funding your Trust: Trust Funding Guide

Learn more about transferring various asset types to your Trust: Funding Your Trust: How to Transfer Assets to a Trust

 

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