Kansas Assignment of Production Payment Measured by Quantity of Production

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-293
• Format: Word; Rich Text

Description

This form is used when the Assignor transfers, assigns and conveys to Assignee a production payment measured by the quantity of production. Kansas Assignment of Production Payment Measured by Quantity of Production is a contractual agreement that allows the assignment of a portion of the oil or gas produced from a lease to a third party. This type of assignment is commonly used in the oil and gas industry to provide stability and assurance to parties involved in the production process. Keywords: Kansas, Assignment of Production Payment, Measure by Quantity of Production, Oil and Gas Industry There are several types of Kansas Assignment of Production Payment Measured by Quantity of Production. Some commonly used ones include: 1. Fixed Percentage Assignment: In this type of assignment, a fixed percentage of the total production is assigned to the third party. The payment to the assignee is determined by multiplying the assigned percentage with the total production quantity. 2. Sliding Scale Assignment: This type of assignment involves a sliding scale or tiered structure where the assigned percentage varies based on the achieved production levels. The assignee receives different payment rates depending on the quantity of production. 3. Step Assignment: Step assignment refers to the assignment of different percentages to different production thresholds. For example, the assignee may receive a certain percentage for the first 1,000 barrels of oil produced and a different percentage for any production exceeding this quantity. 4. Royalty Interest Assignment: This type of assignment grants the assignee a share of the royalty interest associated with the produced oil or gas. The assignee receives a certain percentage of the royalty payment based on the quantity of production. It is important to note that the specific terms and conditions of the Kansas Assignment of Production Payment Measured by Quantity of Production may vary depending on the agreement between the parties involved. The assignment may include provisions related to pricing, market conditions, termination clauses, and any other relevant terms deemed necessary by the parties. In conclusion, the Kansas Assignment of Production Payment Measured by Quantity of Production is a contractual agreement used in the oil and gas industry to assign a portion of the production to a third party. It offers different types of assignments, such as fixed percentage, sliding scale, step assignment, and royalty interest assignment, each with its own characteristics and payment structure.

Kansas Assignment of Production Payment Measured by Quantity of Production is a contractual agreement that allows the assignment of a portion of the oil or gas produced from a lease to a third party. This type of assignment is commonly used in the oil and gas industry to provide stability and assurance to parties involved in the production process. Keywords: Kansas, Assignment of Production Payment, Measure by Quantity of Production, Oil and Gas Industry There are several types of Kansas Assignment of Production Payment Measured by Quantity of Production. Some commonly used ones include: 1. Fixed Percentage Assignment: In this type of assignment, a fixed percentage of the total production is assigned to the third party. The payment to the assignee is determined by multiplying the assigned percentage with the total production quantity. 2. Sliding Scale Assignment: This type of assignment involves a sliding scale or tiered structure where the assigned percentage varies based on the achieved production levels. The assignee receives different payment rates depending on the quantity of production. 3. Step Assignment: Step assignment refers to the assignment of different percentages to different production thresholds. For example, the assignee may receive a certain percentage for the first 1,000 barrels of oil produced and a different percentage for any production exceeding this quantity. 4. Royalty Interest Assignment: This type of assignment grants the assignee a share of the royalty interest associated with the produced oil or gas. The assignee receives a certain percentage of the royalty payment based on the quantity of production. It is important to note that the specific terms and conditions of the Kansas Assignment of Production Payment Measured by Quantity of Production may vary depending on the agreement between the parties involved. The assignment may include provisions related to pricing, market conditions, termination clauses, and any other relevant terms deemed necessary by the parties. In conclusion, the Kansas Assignment of Production Payment Measured by Quantity of Production is a contractual agreement used in the oil and gas industry to assign a portion of the production to a third party. It offers different types of assignments, such as fixed percentage, sliding scale, step assignment, and royalty interest assignment, each with its own characteristics and payment structure.