v. Ferrari Energy, Inc , 2020 COA 113 ( 2020 )


Menu:
  •      The summaries of the Colorado Court of Appeals published opinions
    constitute no part of the opinion of the division but have been prepared by
    the division for the convenience of the reader. The summaries may not be
    cited or relied upon as they are not the official language of the division.
    Any discrepancy between the language in the summary and in the opinion
    should be resolved in favor of the language in the opinion.
    SUMMARY
    July 23, 2020
    2020COA113
    No. 18CA1844, Moeller v. Ferrari Energy, Inc. — Real
    Property — Conveyances — Mineral Estates
    Plaintiffs initiated this action seeking to quiet title in a mineral
    interest that was the subject of duplicative lease agreements. The
    dispute originates in a warranty deed conveying a parcel of land but
    reserving an undivided one-half interest in the mineral estate. The
    interpretative challenge arises from the fact that one-half of the
    estate had already been accounted for in a prior reservation. A
    division of the court of appeals concludes that in light of the prior
    reservation, the warranty deed is ambiguous because it is
    susceptible of two interpretations: (1) that the warranty deed
    conveyed to the grantees the half of the mineral estate that had not
    previously been reserved; or (2) that the warranty deed reserved
    one-half of the mineral estate to the grantors, in addition to the
    previous reservation, leaving no portion of the mineral estate for the
    grantees.
    J. Grove, specially concurring, would hold that the deed, by its
    plain language, unambiguously conveyed one-half of the mineral
    estate to the grantees.
    COLORADO COURT OF APPEALS
    Court of Appeals No. 18CA1844
    Weld County District Court No. 17CV30252
    Honorable Todd L. Taylor, Judge
    Dana Moeller and Darrell Moeller,
    Plaintiffs-Appellants and Cross-Appellees,
    v.
    Ferrari Energy, LLC, a Colorado limited liability company,
    Defendant-Appellee and Cross-Appellant,
    and
    Susie Velasquez, as Public Trustee of Weld County,
    Defendant.
    JUDGMENT REVERSED AND CASE
    REMANDED WITH DIRECTIONS
    Division V
    Opinion by JUDGE HARRIS
    Román, J., concurs
    Grove, J., specially concurs
    Announced July 23, 2020
    Witwer, Oldenburg, Barry & Groom, LLP, Kent A. Naughton, Greeley, Colorado,
    for Plaintiffs-Appellants and Cross-Appellees
    Moye White LLP, Charles Greenhouse, Eric B. Liebman, Abigail L. Brown,
    Denver, Colorado, for Defendant-Appellee and Cross-Appellant Ferrari Energy,
    LLC
    Bruce Barker, County Attorney, Greeley, Colorado, for Defendant-Appellee
    Susie Velasquez, in her official capacity as Public Trustee of Weld County
    ¶1    Plaintiffs, Dana and Darrell Moeller, and defendant, Ferrari
    Energy, LLC,1 both assert that they are the owners of minerals
    located on property in Weld County, Colorado. The dispute arises
    from the relevant deed’s language reserving a “1/2 interest” in the
    minerals to the grantors. That language would not ordinarily
    present an interpretive challenge, but a predecessor grantor had
    already reserved a one-half interest in the minerals, so the grantors
    who conveyed the property to the Moellers’ predecessors-in-interest
    owned only a one-half interest to begin with.
    ¶2    The district court concluded that the warranty deed
    unambiguously reserved to the grantors, who are Ferrari’s
    predecessors-in-interest, a one-half interest in the minerals. And
    because the grantors only owned a one-half interest, there was no
    remaining interest to convey, and the Moellers ultimately received
    no interest in the minerals. Accordingly, the district court quieted
    title in the mineral interest in Ferrari.
    1 Susie Velasquez, in her official capacity as Public Trustee of Weld
    County, entered an appearance in the court of appeals but did not
    file a brief.
    1
    ¶3    On appeal, the Moellers contend that the district court
    misconstrued the warranty deed and therefore erred in entering
    judgment for Ferrari.
    ¶4    We conclude that the warranty deed is ambiguous. In our
    view, the language reserving to the grantors a one-half interest in
    the mineral estate is susceptible of two reasonable interpretations:
    (1) the grantors reserved a total one-half interest in the minerals
    and conveyed the other half to the Moellers’ predecessors-in-
    interest; or (2) the grantors reserved a one-half interest in the
    minerals for themselves, in addition to the prior grantor’s one-half
    interest, and thereby conveyed no interest in the minerals to the
    Moellers. These two interpretations remain equally plausible even
    after taking into account the limited extrinsic evidence of the
    parties’ intent. We therefore resolve the ambiguity by applying the
    longstanding rule of construction that ambiguities in a deed are
    construed in favor of the grantee. See Clevenger v. Cont’l Oil Co.,
    
    149 Colo. 417
    , 421, 
    369 P.2d 550
    , 552 (1962). Accordingly, we
    conclude that the warranty deed reserved a total of a one-half
    interest and granted a one-half interest to the Moellers.
    2
    ¶5    We therefore reverse the district court’s decree in quiet title
    and remand for entry of judgment in favor of the Moellers. In light
    of our disposition, we need not address the parties’ other claims of
    error.
    I.    Background
    A.    The Relevant Conveyances and Leases
    ¶6    In 1954, Russell and Velma Burns conveyed to Ruth Todd the
    real property now owned by the Moellers, but expressly reserved
    “one-half of all oil, gas and minerals on and under said land” (the
    Burns reservation). Six years later, Todd conveyed the property to
    Glenn and Sally Wilson, subject only to the Burns reservation.
    ¶7    Then, in 1964 the Wilsons, who now owned the one-half
    mineral interest not reserved by the Burnses, sold the property to
    Pete and Mary Katzdorn. The warranty deed (1964 Deed) conveyed
    fee simple title to the real property “excepting and reserving to the
    Grantors herein an undivided 1/2 interest in and to all the oil, gas
    and minerals in, upon and under said land.”
    ¶8    The property was eventually conveyed to the Moellers, but the
    operative reservation remained the one in the 1964 Deed.
    3
    ¶9     In 2002, the Moellers entered into a mineral lease agreement
    with PDC Energy, Inc., and soon began receiving royalties. But in
    2016, PDC learned that the Wilsons might own the mineral interest,
    so it entered into a duplicative mineral lease agreement with the
    Wilsons. The Wilsons later conveyed any interest they had in the
    minerals to Ferrari and assigned to Ferrari the right to collect any
    royalty payments owed to them by PDC.
    B.   Procedural History
    ¶ 10   The Moellers then filed this action, seeking to quiet title in the
    mineral interest. Ferrari asserted its own claim to the minerals and
    also sought royalty payments going back to 2002, from both the
    Moellers and PDC, under a theory of unjust enrichment.
    ¶ 11   The district court addressed ownership of the minerals on a
    motion for summary judgment. The court analyzed the conveyance
    in two parts — first determining the scope of the reservation, then
    determining the scope of the grant. In determining the scope of the
    reservation in the 1964 Deed, the court declined to consider
    extrinsic evidence of the Burns reservation. The court concluded
    that the language “excepting and reserving to the Grantors . . . an
    undivided 1/2 interest” unambiguously reserved to the Wilsons
    4
    their own one-half interest in the mineral estate, and thus extrinsic
    evidence was inadmissible to interpret the phrase. Nonetheless, the
    court then admitted the same extrinsic evidence to determine the
    interest granted to the Katzdorns. The court reasoned that because
    the Burnses had previously retained a one-half interest in the
    mineral estate, the Wilsons’ reservation of their own one-half
    interest meant they conveyed no portion of the mineral estate to the
    Katzdorns. The court thus quieted title in the minerals, as a matter
    of law, in Ferrari, the Wilsons’ successor-in-interest.
    II.   The District Court’s Decree in Quiet Title
    ¶ 12   The Moellers appeal the district court’s denial of PDC’s motion
    for summary judgment and the resulting decree in quiet title.2
    Specifically, the Moellers contend that the court erred in concluding
    that the 1964 Deed unambiguously reserved a one-half mineral
    interest to the Wilsons, conveying no portion of the mineral estate
    to the Katzdorns.
    2 Ferrari says that because PDC, not the Moellers, filed the motion
    for summary judgment, the Moellers may not challenge the district
    court’s summary judgment ruling. But that ruling formed the basis
    of the court’s decree in quiet title, which the Moellers may
    indisputably appeal.
    5
    A.   Standard of Review and Principles of Interpretation
    ¶ 13   We review de novo the interpretation of a deed, as well as the
    district court’s determination whether the deed is ambiguous.
    Owens v. Tergeson, 
    2015 COA 164
    , ¶ 17.
    ¶ 14   Deeds are usually construed in accordance with the general
    rules of construction of written instruments.
    Id. at ¶
    15. In
    accordance with those rules, if a deed is unambiguous, its terms
    must be enforced as written.
    Id. But if
    an ambiguity exists in the
    deed’s reservation of mineral rights, the construction “must favor
    the grantee.” Id.; see also Notch Mountain Corp. v. Elliott, 
    898 P.2d 550
    , 557 (Colo. 1995) (“[A]ny ambiguities in a reservation are
    construed against the grantor.”); 
    Clevenger, 149 Colo. at 421
    , 369
    P.2d at 552.
    ¶ 15   In determining whether an ambiguity exists in the first
    instance, we examine the instrument’s language, giving the words
    employed their plain and generally accepted meaning. Meyerstein v.
    City of Aspen, 
    282 P.3d 456
    , 468 (Colo. App. 2011). When the
    instrument is a deed, however, we interpret the language “in light of
    all the circumstances” surrounding the conveyance. Lazy Dog
    Ranch v. Telluray Ranch Corp., 
    965 P.2d 1229
    , 1235-36 (Colo. 1998)
    6
    (quoting Restatement (Third) of Prop.: Servitudes § 4.1 cmt. c. (Am.
    Law Inst. 1994)). In other words, extrinsic evidence may be used to
    determine, as a threshold matter, whether the deed is ambiguous.
    Id. at 1236.
    If in light of extrinsic evidence the deed is
    unambiguous, the extrinsic evidence should then be disregarded as
    the court interprets the plain meaning of the deed.
    Id. If, however,
    extrinsic evidence reveals the deed is ambiguous, then the court
    may continue to use extrinsic evidence in discerning the parties’
    intent.
    Id. When an
    ambiguity persists despite the consideration of
    extrinsic evidence, the ambiguity is resolved in favor of the grantee.
    Bell Petroleum Co. v. Cross V. Cattle Co., 
    492 P.2d 80
    , 81 (Colo. App.
    1971) (not published pursuant to C.A.R. 35(f)).
    B.   Analysis
    ¶ 16   A conveyance of real property, which is generally defined and
    designated in the deed’s granting clause, passes all title to the land
    and the underlying mineral deposits, except those interests
    explicitly held back. O’Brien v. Vill. Land Co., 
    794 P.2d 246
    , 249-51
    (Colo. 1990).
    ¶ 17   The 1964 Deed conveyed the real property, together with its
    appurtenances, “excepting and reserving to the Grantors herein an
    7
    undivided 1/2 interest in and to all the oil, gas and minerals in,
    upon and under said land,” but without any reference to the Burns
    reservation. The question is whether the 1964 Deed reserved a
    total of a one-half interest in the minerals and thereby conveyed the
    other one-half interest to the Katzdorns (in which case the Wilsons
    retained no mineral interest), or whether it reserved to the Wilsons
    a one-half interest along with the Burns reservation (in which case
    the Moellers received no mineral interest).
    ¶ 18   The district court acknowledged that the extrinsic evidence of
    prior conveyances created an ambiguity, but it declined to consider
    that evidence in construing the reservation clause, having already
    determined that the language was unambiguous as to what the
    Wilsons retained. We decline to adopt that approach. Because
    “circumstances surrounding the grant may be relevant to
    interpreting the language of the grant,” we may consider the
    extrinsic evidence of the Burns reservation in determining whether
    the 1964 Deed is ambiguous in the first instance. Lazy 
    Dog, 965 P.2d at 1236-37
    .
    ¶ 19   Terms in a deed are ambiguous when they are susceptible of
    more than one reasonable interpretation. Owens, ¶ 16; see also
    8
    Bledsoe v. Hill, 
    747 P.2d 10
    , 12 (Colo. App. 1987) (“An ambiguity is
    an uncertainty of the meaning of language used in a written
    instrument.”). We conclude that in light of the Burns reservation,
    which left the Wilsons with only a one-half interest in the minerals,
    the language of the 1964 Deed is ambiguous.
    ¶ 20   On the one hand, 1964 Deed could reasonably be interpreted
    to reserve a total of a one-half interest in the minerals, as the
    Moellers contend.
    ¶ 21   This interpretation is consistent with supreme court precedent
    concerning similar patterns of conveyances. In Brown v. Kirk, a
    bank conveyed property to the plaintiffs through a deed that
    “reserv[ed] unto the party of the first part, its successors and
    assigns, an undivided one-fourth of all oil, gas, and other minerals.”
    
    127 Colo. 453
    , 454, 
    257 P.2d 1045
    , 1045 (1953). The plaintiffs
    then conveyed the property to the grantees, “excep[t] one half of all
    oil, gas and mineral rights which parties of the first part reserve.”
    Id. (alteration in
    original). The supreme court concluded that the
    plaintiffs’ reservation clause — “one half of all oil, gas and mineral
    rights” — referred to one-half of the entire mineral estate, including
    the bank’s prior one-quarter reservation. See
    id. at 456-57,
    257
    9
    P.2d at 1046-47
    . Therefore, the grantees received a one-half
    mineral interest, leaving the plaintiffs with only the remaining
    quarter-interest.
    Id. ¶ 22
      The supreme court reached a similar conclusion when it
    interpreted the deed language at issue in O’Brien v. Village Land Co.
    In that case, the Ogren Estate conveyed to Village Land a piece of
    property, “RESERVING an undivided one-half interest in and to all
    oil, gas and other minerals.” 
    O’Brien, 794 P.2d at 247
    . Through a
    deed filed shortly thereafter on the same day, Village Land conveyed
    the property to Henderson, also “RESERVING an undivided one-half
    interest in and to all oil, gas and other minerals.”
    Id. Finding the
    disputed conveyance analytically identical to the one at issue in
    Brown, the supreme court held that the Village Land-Henderson
    deed unambiguously reserved in total a one-half mineral interest,
    and thus the deed conveyed the remaining one-half interest to
    Henderson.
    Id. at 249-50,
    252.
    ¶ 23   This interpretation also comports with the principle that a
    deed conveys all interests associated with real property except those
    explicitly reserved. 3 Am. Jur. 2d Deeds § 274, Westlaw (database
    10
    updated May 2020); see also 3 American Law of Mining § 82.01 (2d
    ed. 2020).
    ¶ 24   But in our view, neither that interpretive principle nor the
    precedent established by Brown and O’Brien compels a conclusion
    that the 1964 Deed is unambiguous. Rather, the 1964 Deed could,
    on the other hand, reasonably be interpreted to reserve a one-half
    interest in the minerals to the Wilsons, in addition to the one-half
    interest reserved by the Burnses.
    ¶ 25   That is true because we are bound, by equally well-settled
    principles of construction, to give effect to each word in the deed.
    See 
    O’Brien, 794 P.2d at 249
    (“[A] court must construe a deed so as
    to give effect to all of its provisions[.]”). The specific reservation “to
    the Grantors” suggests that the Wilsons intended to retain their
    own one-half interest, independent of the prior reservation. After
    all, the Burnses’ one-half interest could not be reserved to the
    Wilsons. To read the 1964 Deed as reserving a total of a one-half
    interest in the minerals would mean that the Wilsons reserved
    nothing to themselves, rendering the phrase “to the Grantors”
    meaningless. We avoid an interpretation of an agreement that
    11
    would nullify any of its terms or provisions. See Fed. Deposit Ins.
    Corp. v. Fisher, 
    2013 CO 5
    , ¶ 12.
    ¶ 26   Given these two reasonable interpretations, the deed is
    ambiguous. 
    Bledsoe, 747 P.2d at 12
    .
    ¶ 27   Neither party has pointed us to any extrinsic evidence of the
    parties’ intent, other than the Burns reservation — the same
    evidence that gives rise to the ambiguity in the first place. In the
    district court, Ferrari produced evidence that the Wilsons had
    entered into lease agreements for the minerals in 1983 and 1986; it
    argued that the Wilsons’ act of executing leases, and the failure of
    the Moellers’ predecessors-in-interest to do the same, demonstrated
    that the parties to the 1964 Deed believed that the Wilsons had
    reserved for themselves an interest in the minerals.
    ¶ 28   True, courts may look to the subsequent conduct of parties to
    a deed as an indication of their intent. 23 Am. Jur. 2d Deeds § 265,
    Westlaw (database updated May 2020); see also Hall v. Nash, 
    81 P. 249
    , 251 (Colo. 1905); Town of Manitou v. Int’l Tr. Co., 
    30 Colo. 467
    ,
    475-79, 
    70 P. 757
    , 760-61 (1902). But here, both the Wilsons and
    the Moellers entered into lease agreements at different times,
    apparently with no objection from the other (or the other’s
    12
    predecessors-in-interest), and so the evidence suggests only that
    both believed themselves to be the owners of the minerals,
    presumably in reliance on the language of the 1964 Deed. In other
    words, this extrinsic evidence does not help to resolve the
    ambiguity. See McCormick v. Union Pac. Res. Co., 
    14 P.3d 346
    , 353
    (Colo. 2000) (cautioning, in a discussion of whether a reservation
    for “all minerals” included oil and gas, that decades-old extrinsic
    evidence does not always shed “real light on the parties’ individual
    intentions”). We therefore default to the rule that an ambiguous
    deed is construed against the grantor. Bell 
    Petroleum, 492 P.2d at 81
    ; see also Notch 
    Mountain, 898 P.2d at 557
    ; Owens, ¶ 15.
    ¶ 29   Accordingly, we conclude that the district court erred in
    quieting title in the mineral estate in Ferrari. See 
    Bledsoe, 747 P.2d at 12
    . The judgment is reversed, and the case is remanded with
    directions for the court to enter judgment in favor of the Moellers on
    their quiet title claim.
    III.   The Parties’ Other Claims of Error
    ¶ 30   In light of our disposition, we decline to address either the
    Moellers’ additional argument that the court erred in precluding its
    adverse possession defense, or Ferrari’s argument on cross-appeal
    13
    that the court erred in denying its unjust enrichment claim against
    the Moellers.
    IV.   Conclusion
    ¶ 31   The decree in quiet title is reversed and the case is remanded
    for further proceedings consistent with this opinion.
    JUDGE ROMÁN concurs.
    JUDGE GROVE specially concurs.
    14
    JUDGE GROVE, specially concurring.
    ¶ 32   I agree with the majority’s conclusion that any ambiguity in
    the 1964 Deed should be construed in favor of the Moellers, as
    successors-in-interest to the original grantees. But because, in my
    view, the 1964 Deed unambiguously conveyed one-half of the
    mineral estate to the grantees, I would reverse the district court’s
    judgment on that ground alone.
    ¶ 33   In O’Brien v. Village Land Co., 
    794 P.2d 246
    (Colo. 1990), and
    Brown v. Kirk, 
    127 Colo. 453
    , 456, 
    257 P.2d 1045
    , 1046 (1953), the
    supreme court construed deeds that, like this one, conveyed land
    by general description while also reserving one-half of the minerals.
    Although the grantors in both cases owned only one-half of the
    mineral estates, they both argued that the reservation in the deeds
    applied to the halves that they owned — meaning that they would
    keep those minerals and transfer only the surface estates to the
    respective grantees.1 The supreme court disagreed in both cases,
    1 In both cases, as in this one, the dispute only extended to the
    fraction of the minerals that the grantor owned at the time of the
    conveyance. Ownership of minerals previously reserved by others
    in the chain of title was unaffected by any subsequent disagreement
    over the remainder of the subsurface estate.
    15
    holding in O’Brien that where “the face of the . . . deed purported to
    convey all mineral interests except the one-half expressly reserved
    by the terms of the deed, [the] grantor conveyed and warranted title
    to one-half of the mineral interests” in the entire 
    parcel. 794 P.2d at 251
    .
    ¶ 34   As a general rule, “a conveyance of land by general
    description, without any reservation of a mineral interest, passes
    title to both the land and the underlying mineral deposits.”
    Id. at 249.
    Mineral interests may of course be excluded from a
    conveyance, but interpretive questions can arise in cases where a
    deed’s grantor owns less than he ostensibly conveys. Colorado is
    one of a number of states that resolves any such questions by
    looking exclusively to the four corners of the deed and giving
    dispositive weight to the expectations that the grantee would have
    had based on the language of the deed alone.
    ¶ 35   The Texas Supreme Court considered the interpretive
    difficulties created by fractional conveyances from partial owners of
    the mineral estate in Duhig v. Peavy-Moore Lumber Co., 
    144 S.W.2d 878
    , 880-81 (Tex. 1940). Its influential opinion established the
    “Duhig rule,” which relies on principles of estoppel by deed to
    16
    prevent a grantor who has conveyed property by warranty deed
    from disputing the title that he has warranted.
    The effect of Duhig is that a grantor cannot
    grant and reserve the same mineral interest,
    and if a grantor does not own a large enough
    mineral interest to satisfy both the grant and
    the reservation, the grant must be satisfied
    first because the obligation incurred by the
    grant is superior to the reservation.
    Acoma Oil Corp. v. Wilson, 
    471 N.W.2d 476
    , 480 (N.D. 1991).
    ¶ 36   The Colorado Supreme Court has declined to adopt Duhig’s
    estoppel-by-deed theory, noting that it “has been criticized as
    contrived.” 
    O’Brien, 794 P.2d at 251
    n.3 (“We do not employ the
    Duhig analysis in this case and instead reach our result by giving
    effect to the unambiguous and unequivocal terms of the . . . deed.”).
    Yet, on similar facts, O’Brien and Brown reached the same result as
    Duhig by conducting a simple one-step analysis that looked to the
    four corners of the deed alone to determine the scope of the
    conveyance. That approach was consistent with the author judge’s
    preferred reasoning2 in Duhig, which concluded that “the intention
    2Duhig v. Peavy-Moore Lumber Co., 
    144 S.W.2d 878
    (Tex. 1940),
    was unusual in that the author judge essentially specially
    concurred by explaining his own distinct reasons for affirming the
    17
    of the parties to the deed was to invest the grantee with title to the
    surface and a one-half interest in the minerals,” while withdrawing
    via the reservation clause the half that the grantor did not 
    own. 144 S.W.2d at 879
    ; see also Patrick H. Martin & Bruce D. Kramer,
    Williams and Meyers, Oil and Gas Law § 311 (2014). The
    reservations in all three cases — O’Brien, Brown, and Duhig — did
    not apply to the half that the grantor did own because otherwise the
    grantee would not receive the partial undivided interest in mineral
    estate that the deed purported to convey. See Appling v. Fed. Land
    Bank of Wichita, 
    816 P.2d 297
    , 301 (Colo. App. 1991).
    ¶ 37   Here, the district court found significant the fact that the 1964
    Deed’s reservation was “to the grantors herein” — language it
    determined “explicitly reserve[d] one-half of the mineral estate in
    the [grantors].” This reservation, it noted, contrasted with previous
    cases that reserved minerals without specifying who would own
    them after the sale was complete. See 
    O’Brien, 794 P.2d at 247
    (conveying real estate by general description while “RESERVING an
    undivided one-half interest in and to all oil, gas and other
    trial court’s judgment before revealing that the court had adopted
    the estoppel-by-deed approach.
    18
    minerals . . .”); 
    Brown, 127 Colo. at 454
    , 257 P.2d at 1045
    (conveying real estate by general description “except one half of all
    oil, gas and mineral rights which party of the first part reserves”).
    As the district court viewed it, the less specific language in these
    reservations allowed the O’Brien and Brown courts to conclude that
    the grantors “conveyed one-half of the mineral estate to the
    grantees without doing violence to the plain language in the deeds.”
    But at the same time, the district court found that the more specific
    reservation in the 1964 Deed — “to the grantors herein” —
    precluded a similar result in this case.3
    ¶ 38   In my view, the district court erred by allowing what it
    concluded was the grantors’ intent to override the grantees’
    expectation based on the plain language of the deed. Based on that
    plain language, the grantees would have reasonably concluded that
    3 It is worth noting that the attempted reservation in Duhig included
    language every bit as specific as the 1964 Deed: “But it is expressly
    agreed and stipulated that the grantor herein retains an undivided
    one-half interest in and to all mineral rights or minerals of whatever
    description in the land.” 
    Duhig, 144 S.W.2d at 879
    . This
    reservation, the author judge would have held, did “not clearly and
    plainly disclose the intention of the parties that there be reserved to
    the grantor Duhig an undivided one-half interest in the minerals in
    addition to that previously reserved[.]”
    Id. 19 they
    were acquiring everything that the deed did not specifically
    reserve — including one-half of the mineral estate. The 1964 Deed,
    after all, conveyed the property by general description (reserving
    one-half of the minerals), and its habendum clause not only
    represented that the grantors were “well seized of the premises
    above conveyed,” but also that those premises were “free and clear
    from all former and other grants, bargains, sales, liens, taxes,
    assessments and incumbrances of whatever kind or nature soever,
    except taxes for the year 1964.” See Owens v. Tergeson, 
    2015 COA 164
    (construing deed as a whole, including both granting and
    habendum clause, to determine grantor’s intent). Based on these
    representations, and without going beyond the four corners of the
    deed to evaluate the mineral estate’s chain of title, the grantees
    could only have concluded that one-half of the mineral estate was
    being reserved and the other one-half transferred to them. See
    
    O’Brien, 794 P.2d at 251
    .
    ¶ 39   Nor does the deed’s reservation of half the mineral estate “to
    the grantors” render the deed ambiguous. “[T]he fact that the
    parties have different opinions about the interpretation of the deed
    does not of itself create an ambiguity.” Hudgeons v. Tenneco Oil
    20
    Co., 
    796 P.2d 21
    , 22 (Colo. App. 1990). And because the grantor
    assumes the risk of title failure, “[i]f both the grant and the
    reservation cannot be given effect . . . the grant must prevail.”
    Gilstrap v. June Eisele Warren Tr., 
    106 P.3d 858
    , 867 (Wyo. 2005);
    see also Harlingen Irrigation Dist. Cameron Cty. No. 1 v. Caprock
    Commc’ns Corp., 
    49 S.W.3d 520
    , 533 (Tex. App. 2001) (“When both
    the granting clause and reservation clause cannot be given effect,
    the granting clause prevails and the reservation clause fails.”).
    ¶ 40   In short, I would, consistent with O’Brien and Brown, hold
    that, whatever the grantors may have been attempting to do by
    adding a reservation clause to the 1964 Deed, they could not
    reserve any more of the mineral estate than what they already
    owned. Thus, the 1964 Deed unambiguously conveyed one-half of
    the mineral estate to the grantees, the Moellers’ successors-in-
    interest, and left the grantors with nothing. Accordingly, while I
    concur with the majority’s holding, I would reverse the judgment of
    the district court based on the plain language of the 1964 Deed
    alone.
    21