Colorado Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool)

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-940
• Format: Word; Rich Text

Description

This form is an assignment of overriding royalty interest for a non-producing, single lease with reserves the right to pool. Colorado Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) is a legal contract that allows the transfer of a percentage of royalty interest from one party to another in Colorado. This agreement is specifically designed for situations where the lease is non-producing and covers a single lease, while also reserving the right to pool the interests. In Colorado, there are different types of Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool), including: 1. Standard Colorado Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool): This type of assignment is the most common in Colorado and allows the transfer of overriding royalty interest from the assignor (original owner) to the assignee (new owner). It applies to non-producing leases and reserves the right to pool the interests, which means that if a well is drilled on the leased property, the overriding royalty interest assigned can be pooled with other interests. 2. Limited Colorado Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool): This type of assignment places limitations on the transfer of overriding royalty interest. It may specify a predetermined time frame for the assignment or a specific area within the leased property where the interest applies. 3. Conditional Colorado Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool): This type of assignment is contingent upon certain conditions being met. For example, the assignment may only be valid if a specific minimum well depth is reached or a certain level of production is achieved within a given timeframe. 4. Partial Colorado Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool): This type of assignment involves transferring only a portion of the overriding royalty interest from one party to another. The assignor retains ownership of the remaining percentage of the interest. In summary, the Colorado Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) is a legal contract enabling the transfer of royalty interest in non-producing leases while reserving the right to pool interests. Depending on specific circumstances, there are different types of assignments available, including standard, limited, conditional, and partial assignments.

Colorado Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) is a legal contract that allows the transfer of a percentage of royalty interest from one party to another in Colorado. This agreement is specifically designed for situations where the lease is non-producing and covers a single lease, while also reserving the right to pool the interests. In Colorado, there are different types of Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool), including: 1. Standard Colorado Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool): This type of assignment is the most common in Colorado and allows the transfer of overriding royalty interest from the assignor (original owner) to the assignee (new owner). It applies to non-producing leases and reserves the right to pool the interests, which means that if a well is drilled on the leased property, the overriding royalty interest assigned can be pooled with other interests. 2. Limited Colorado Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool): This type of assignment places limitations on the transfer of overriding royalty interest. It may specify a predetermined time frame for the assignment or a specific area within the leased property where the interest applies. 3. Conditional Colorado Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool): This type of assignment is contingent upon certain conditions being met. For example, the assignment may only be valid if a specific minimum well depth is reached or a certain level of production is achieved within a given timeframe. 4. Partial Colorado Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool): This type of assignment involves transferring only a portion of the overriding royalty interest from one party to another. The assignor retains ownership of the remaining percentage of the interest. In summary, the Colorado Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) is a legal contract enabling the transfer of royalty interest in non-producing leases while reserving the right to pool interests. Depending on specific circumstances, there are different types of assignments available, including standard, limited, conditional, and partial assignments.