Nassau New York Assignment of Overriding Royalty Interest by Working Interest Owner, Single Lease, Stated Percentage

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Nassau
• Control #: US-OG-287
• Format: Word; Rich Text

Description

This form is used by the Assignor to transfer, assign, and convey to Assignee an overriding royalty interest in a Lease and all oil, gas and other minerals produced, saved and sold from the Lease and Land. Nassau New York Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a legal agreement that refers to the transfer of a specified percentage or portion of the royalty rights held by the working interest owner to another party within Nassau County, New York. This type of assignment allows the working interest owner to assign a portion of their royalty interest to a third party in exchange for a financial consideration. The Assignment of Overriding Royalty Interest is commonly used in the oil and gas industry within Nassau County, New York, where multiple parties may have ownership rights and interests associated with a particular lease. This agreement enables the working interest owner to transfer their share of the royalty interest to another party, boosting their cash flow or accommodating investment needs. Keywords: Nassau New York, Assignment of Overriding Royalty Interest, Working Interest Owner, Single Lease, Stated Percentage. There may be different types or variations of the Nassau New York Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage. Some key variations include: 1. Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage — Cash Consideration: This type of assignment involves the transfer of a stated percentage of the overriding royalty interest in exchange for a lump sum cash payment. 2. Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage — Production Sharing Agreement: In this variation, the assignment involves a percentage of the overriding royalty interest being transferred to another party in exchange for sharing a portion of the production proceeds from the lease. 3. Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage — Combined Consideration: This type of assignment involves a combination of cash consideration and rights to a percentage of the production proceeds. The working interest owner assigns a stated percentage of the overriding royalty interest to another party in exchange for both cash payment and future production sharing. These variations offer flexibility in the terms of the assignment, allowing working interest owners to tailor the agreement to their specific needs or financial goals, while complying with the legal requirements within Nassau County, New York.

Nassau New York Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a legal agreement that refers to the transfer of a specified percentage or portion of the royalty rights held by the working interest owner to another party within Nassau County, New York. This type of assignment allows the working interest owner to assign a portion of their royalty interest to a third party in exchange for a financial consideration. The Assignment of Overriding Royalty Interest is commonly used in the oil and gas industry within Nassau County, New York, where multiple parties may have ownership rights and interests associated with a particular lease. This agreement enables the working interest owner to transfer their share of the royalty interest to another party, boosting their cash flow or accommodating investment needs. Keywords: Nassau New York, Assignment of Overriding Royalty Interest, Working Interest Owner, Single Lease, Stated Percentage. There may be different types or variations of the Nassau New York Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage. Some key variations include: 1. Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage — Cash Consideration: This type of assignment involves the transfer of a stated percentage of the overriding royalty interest in exchange for a lump sum cash payment. 2. Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage — Production Sharing Agreement: In this variation, the assignment involves a percentage of the overriding royalty interest being transferred to another party in exchange for sharing a portion of the production proceeds from the lease. 3. Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage — Combined Consideration: This type of assignment involves a combination of cash consideration and rights to a percentage of the production proceeds. The working interest owner assigns a stated percentage of the overriding royalty interest to another party in exchange for both cash payment and future production sharing. These variations offer flexibility in the terms of the assignment, allowing working interest owners to tailor the agreement to their specific needs or financial goals, while complying with the legal requirements within Nassau County, New York.