Indiana Assignment of Overriding Royalty Interests of a Percentage of Assignor's Net Revenue Interest, After Deductions of Certain Costs - Effectively A Net Profits

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-284
• 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. The Indiana assignment of overriding royalty interests of a percentage of assignor's net revenue interest, after deductions of certain costs — effectively a net profits, is a legal document that outlines the transfer of a portion of the assignor's revenue interest to another party. This assignment allows the assignee to receive a percentage of the assignor's net revenue interest, which is calculated after deducting certain costs. Keywords: Indiana assignment, overriding royalty interests, net revenue interest, deductions, costs, net profits. There are different types of Indiana assignments of overriding royalty interests of a percentage of assignor's net revenue interest, after deductions of certain costs — effectively a net profits. These variations can be categorized based on their specific clauses or purposes. Here are a few examples: 1. Absolute Assignment of Overriding Royalty Interests: This type of assignment transfers the assignor's overriding royalty interests to the assignee without any restrictions or conditions. 2. Limited Assignment of Overriding Royalty Interests: In this case, the assignor assigns a specific portion or limited duration of their overriding royalty interests to the assignee. This assignment may be subject to certain conditions or limitations. 3. Assignment of Overriding Royalty Interests with Cost-Deductions: This type of assignment includes a provision where specific costs, such as operating expenses or production deductions, are deducted from the assignor's net revenue interest before calculating the assignee's percentage share. 4. Assignment of Overriding Royalty Interests with Multiple Assignees: In certain cases, the assignor may choose to assign their net revenue interest to multiple assignees, each receiving a designated percentage share. This type of assignment ensures that multiple parties benefit from the assignor's revenue interest. 5. Temporary Assignment of Overriding Royalty Interests: This assignment variant temporarily transfers the assignor's overriding royalty interests to the assignee for a specific period or until certain conditions are met. Once the specified conditions or duration expire, the assignor's interests revert to them. It's important to note that these variations can be further customized based on specific agreements between the assignor and assignee, ensuring the assignment aligns with their individual requirements and objectives.

The Indiana assignment of overriding royalty interests of a percentage of assignor's net revenue interest, after deductions of certain costs — effectively a net profits, is a legal document that outlines the transfer of a portion of the assignor's revenue interest to another party. This assignment allows the assignee to receive a percentage of the assignor's net revenue interest, which is calculated after deducting certain costs. Keywords: Indiana assignment, overriding royalty interests, net revenue interest, deductions, costs, net profits. There are different types of Indiana assignments of overriding royalty interests of a percentage of assignor's net revenue interest, after deductions of certain costs — effectively a net profits. These variations can be categorized based on their specific clauses or purposes. Here are a few examples: 1. Absolute Assignment of Overriding Royalty Interests: This type of assignment transfers the assignor's overriding royalty interests to the assignee without any restrictions or conditions. 2. Limited Assignment of Overriding Royalty Interests: In this case, the assignor assigns a specific portion or limited duration of their overriding royalty interests to the assignee. This assignment may be subject to certain conditions or limitations. 3. Assignment of Overriding Royalty Interests with Cost-Deductions: This type of assignment includes a provision where specific costs, such as operating expenses or production deductions, are deducted from the assignor's net revenue interest before calculating the assignee's percentage share. 4. Assignment of Overriding Royalty Interests with Multiple Assignees: In certain cases, the assignor may choose to assign their net revenue interest to multiple assignees, each receiving a designated percentage share. This type of assignment ensures that multiple parties benefit from the assignor's revenue interest. 5. Temporary Assignment of Overriding Royalty Interests: This assignment variant temporarily transfers the assignor's overriding royalty interests to the assignee for a specific period or until certain conditions are met. Once the specified conditions or duration expire, the assignor's interests revert to them. It's important to note that these variations can be further customized based on specific agreements between the assignor and assignee, ensuring the assignment aligns with their individual requirements and objectives.