District of Columbia Assignment of Overriding Royalty Interest Limited As to Depth is a legal document that allows the transfer of ownership rights to a specified portion of the profits derived from mineral or oil and gas exploration within a designated geographic area in the District of Columbia. This document limits the transferred interest exclusively to a particular depth range. In the District of Columbia, there are various types of assignments of overriding royalty interest limited as to depth, including: 1. Oil and Gas Assignment of Overriding Royalty Interest Limited As to Depth: This type of assignment specifically pertains to the extraction and production of oil and gas reserves within a certain depth range. It outlines the terms and conditions governing the transfer of overriding royalty interest, such as the depth limitations and the percentage of profits to be assigned. 2. Mineral Assignment of Overriding Royalty Interest Limited As to Depth: This form of assignment concerns the mining and extraction of various minerals found within a designated depth range in the District of Columbia. It delineates the specific minerals covered, the depth limitations, and the extent of overriding royalty interest transfer. 3. Natural Resources Assignment of Overriding Royalty Interest Limited As to Depth: This assignment encompasses a broad range of natural resources, including oil, gas, minerals, and other valuable substances found within a specified depth range. It provides a mechanism for transferring overriding royalty interests limited to the depths outlined in the agreement. The District of Columbia Assignment of Overriding Royalty Interest Limited As to Depth typically includes several key elements. These include the identification and description of the parties involved, the designated geographic area and depth range, the overriding royalty interest percentage being assigned, the consideration or compensation for the transfer, and any specific limitations or restrictions applicable to the assignment. This legal document plays a crucial role in the oil and gas, mining, and natural resources industries, as it allows for the efficient transfer of ownership rights and the allocation of profits derived from resource extraction operations. It provides a clear framework for defining the extent of the overriding royalty interest transfer, ensuring transparency and legal compliance in resource development activities within the District of Columbia.
District of Columbia Assignment of Overriding Royalty Interest Limited As to Depth
Description
How to fill out District Of Columbia Assignment Of Overriding Royalty Interest Limited As To Depth?
US Legal Forms - among the largest libraries of legal types in the USA - delivers a wide range of legal record templates you may down load or print. While using web site, you may get a large number of types for company and specific functions, categorized by categories, suggests, or search phrases.You can find the most recent variations of types just like the District of Columbia Assignment of Overriding Royalty Interest Limited As to Depth within minutes.
If you already have a registration, log in and down load District of Columbia Assignment of Overriding Royalty Interest Limited As to Depth from the US Legal Forms local library. The Down load option will show up on each kind you look at. You get access to all previously downloaded types inside the My Forms tab of your bank account.
In order to use US Legal Forms the first time, listed below are simple instructions to help you get began:
- Ensure you have picked out the proper kind for your personal metropolis/state. Go through the Review option to analyze the form`s content material. Look at the kind outline to ensure that you have chosen the proper kind.
- In the event the kind doesn`t suit your demands, make use of the Search industry near the top of the monitor to get the one which does.
- If you are happy with the shape, verify your decision by simply clicking the Get now option. Then, choose the pricing program you favor and provide your accreditations to register on an bank account.
- Method the purchase. Use your credit card or PayPal bank account to finish the purchase.
- Choose the structure and down load the shape in your product.
- Make alterations. Load, modify and print and indicator the downloaded District of Columbia Assignment of Overriding Royalty Interest Limited As to Depth.
Every single design you included with your account does not have an expiration day which is your own for a long time. So, if you want to down load or print an additional version, just check out the My Forms section and then click in the kind you will need.
Gain access to the District of Columbia Assignment of Overriding Royalty Interest Limited As to Depth with US Legal Forms, one of the most substantial local library of legal record templates. Use a large number of expert and state-particular templates that satisfy your organization or specific requirements and demands.
Form popularity
FAQ
There are three main types of royalty interests: Overriding royalty interest: Unlike mineral and royalty interests, an overriding royalty interest runs with a lease and not with the land. Therefore, they only remain in effect for as long as a lease is in effect and they expire when a lease expires.
If at any time Assignee desires to transfer or dispose of all or any portion of the Overriding Royalty Interest, Assignee must first give to Assignor written notice thereof stating: (a) the amount of the Overriding Royalty Interest offered by Assignee; (b) the form of consideration (which shall be either cash or a ...
To calculate the number of net royalty acres I'm selling, I use this formula: [acres in tract] X [% of minerals owned] X 8 X [royalty interest reserved in lease] X [fraction of royalty interest being sold]. 640 acres X 25% X 8 X 1/4 X 1/2 = 160 net royalty acres.
How to calculate the overriding royalty interest? ORRI = NRI * 5 percent. $750,000 * 0.005 = $3,750.
What Determines the Value of an Overriding Royalty Interest? Mineral interest location. One in a shale basin with high production is worth more. Producing oil and gas wells. Wells currently producing are valued more. ... Production reserves and levels. ... Prices.
Overriding Royalty Interest Conveyance means an assignment, in form and substance acceptable to Lender, pursuant to which Borrower grants in favor of Lender an overriding royalty interest equal to six and one-fourth percent (6.25%) of Hydrocarbons produced, saved and sold or used off the premises of the relevant Lease, ...
Overriding Royalty Interest: A given interest severed out of the record title interest or lessee's share of the oil, and not charged with any of the cost or expense of developing or operation. The interest provides no control over the operations of the lease, only revenue from lease production.
