Guam 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. A Guam Assignment of Overriding Royalty Interest Limited As to Depth is a legal agreement that involves the transfer of a predetermined percentage of the revenue derived from the extraction of minerals or hydrocarbons from a specific depth of a designated piece of land in Guam. This type of assignment serves as a means for landowners or mineral rights owners to receive a portion of the profits generated by the exploitation of resources found within a particular depth range. In Guam, there are multiple types of Assignment of Overriding Royalty Interest Limited As to Depth agreements, each having its own specifications and restrictions. Some common types include: 1. Oil and Gas Assignment of Overriding Royalty Interest Limited As to Depth: This type of agreement applies specifically to the extraction of oil and gas reserves from certain depths of a specific land tract in Guam. Landowners may opt to limit the depth to which their overriding royalty interest applies, ensuring they receive compensation only for resources extracted within their designated depth range. 2. Mineral Assignment of Overriding Royalty Interest Limited As to Depth: In this case, the agreement pertains to the extraction of various minerals, excluding oil and gas, from a specified depth range of a particular property in Guam. The assigned overriding royalty interest is applicable solely to those minerals extracted within the predetermined depth limits. 3. Multi-Resource Assignment of Overriding Royalty Interest Limited As to Depth: This type of assignment covers the extraction of multiple resources, including oil, gas, and various minerals, from a designated depth range. The overriding royalty interest is limited to the depth specified in the agreement, enabling the landowner to receive a percentage of revenue from the resources extracted within that specific depth interval. By utilizing a Guam Assignment of Overriding Royalty Interest Limited As to Depth, landowners can have more control over their mineral rights, choosing to secure compensation only for resources extracted from specific depths. This type of arrangement can be advantageous for both landowners and resource companies, as it clarifies the terms of the agreement and ensures fair compensation while optimizing the utilization of natural resources.

A Guam Assignment of Overriding Royalty Interest Limited As to Depth is a legal agreement that involves the transfer of a predetermined percentage of the revenue derived from the extraction of minerals or hydrocarbons from a specific depth of a designated piece of land in Guam. This type of assignment serves as a means for landowners or mineral rights owners to receive a portion of the profits generated by the exploitation of resources found within a particular depth range. In Guam, there are multiple types of Assignment of Overriding Royalty Interest Limited As to Depth agreements, each having its own specifications and restrictions. Some common types include: 1. Oil and Gas Assignment of Overriding Royalty Interest Limited As to Depth: This type of agreement applies specifically to the extraction of oil and gas reserves from certain depths of a specific land tract in Guam. Landowners may opt to limit the depth to which their overriding royalty interest applies, ensuring they receive compensation only for resources extracted within their designated depth range. 2. Mineral Assignment of Overriding Royalty Interest Limited As to Depth: In this case, the agreement pertains to the extraction of various minerals, excluding oil and gas, from a specified depth range of a particular property in Guam. The assigned overriding royalty interest is applicable solely to those minerals extracted within the predetermined depth limits. 3. Multi-Resource Assignment of Overriding Royalty Interest Limited As to Depth: This type of assignment covers the extraction of multiple resources, including oil, gas, and various minerals, from a designated depth range. The overriding royalty interest is limited to the depth specified in the agreement, enabling the landowner to receive a percentage of revenue from the resources extracted within that specific depth interval. By utilizing a Guam Assignment of Overriding Royalty Interest Limited As to Depth, landowners can have more control over their mineral rights, choosing to secure compensation only for resources extracted from specific depths. This type of arrangement can be advantageous for both landowners and resource companies, as it clarifies the terms of the agreement and ensures fair compensation while optimizing the utilization of natural resources.