A Delaware Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) refers to a legal transfer of the rights to receive royalty payments from an oil and gas lease in the state of Delaware. This type of assignment applies specifically to non-producing wells and grants the assignee the right to receive a percentage of the revenues generated from the leased property. Keywords: Delaware Assignment of Overriding Royalty Interest, Non-Producing, Single Lease, Reserves Right to Pool The Delaware Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) can be further categorized into various types based on specific conditions and terms. These include: 1. Non-Producing: This type of assignment pertains to the transfer of royalty rights from a lease that is not currently producing any oil or gas. It allows the assignee to potentially benefit from future production. 2. Single Lease: Refers to an assignment that involves one specific lease agreement. It signifies that the overriding royalty interest is associated with one particular lease and does not encompass multiple leases. 3. Reserves Right to Pool: This type of assignment reserves the right for the assignee to combine or "pool" their overriding royalty interest with other working interest owners within the same lease, potentially creating a larger participating interest and sharing in the production revenues. By combining these keywords and phrases throughout the content, you can create a detailed description of the Delaware Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool).
Delaware Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool)
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