Texas SB 17 · Mineral and leasehold interests
SB 17 is not a house statute.
The statute covers an interest in real property, which reaches mineral deeds, royalty assignments, lease assignments, water rights, standing timber, and leaseholds of a year or more. Verify the scope at Texas Property Code chapter 5, subchapter H. These instruments often never reach a title plant, and the people who handle them rarely screen anyone.
Where this comes up
A mineral deed or royalty conveyance to an entity. An assignment of an oil and gas lease to a company with foreign ownership. A groundwater lease. A ranch sale with severed minerals where the mineral buyer is a different party from the surface buyer. A pipeline or solar ground lease running longer than a year.
What is different about these files
There is often no title policy and no underwriter bulletin in the file. Counsel or a landman is the facilitating party. The counterparty is frequently an entity formed for the deal. The dollar amounts are large. Often nobody has told the parties to screen anyone.
What a record shows
The same record as a surface sale: questionnaire, control-person tree, OFAC screen of every name, rule version and result, hash. The questionnaire records the interest type, which today is fee, leasehold, mineral, or other, and the lease term in months where one applies. One PDF for the deal file or the lease file.
What it does not do
It does not run title on the minerals. It does not determine who owns the interest. It records who the counterparty says it is, who controls it, and whether any of those names appear on a United States sanctions list on the date you asked.
See what the record looks like.
Both samples use fictional names and a fictional hash. Neither can be verified and neither is a record. The second one shows the hits and dispositions table that a file with no potential matches leaves empty.