Colorado Oil & Gas - Probate & Intestate Matters
Transferring Oil & Gas Rights & Royalties
In order to protect
- Joint Tenant Deed - Undivided co-ownership is transferred to two or more parties and upon the death of one, his or her share is transferred to the remaining owners in equal shares.
- Life Estate Deed - The right to receive revenues from oil and gas production applies to the grantee as long as he or she is alive. Upon the grantee's death, the right to receive revenues is transferred back to the grantor.
Quit Claim Deed - Transfers mineral, royalty or overriding royalty owned
with no warranty of title. Also called a
- Mineral Deed - Ownership of the royalty interest is transferred, along with the receive bonus payments and execute leases.
- Royalty Deed - Only the ownership of the royalty interest is transferred, not the right to receive bonus payments or execute leases.
Colorado Oil and Gas Lawyer
Cantafio & Song PLLC, is adept at determining
Contact a Colorado oil and gas law attorney for questions regarding probate and intestate matters.