District of Columbia Assignment of Overriding Royalty Interest Limited As to Depth

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-290
• 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, which is limited to depth. 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 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.