Indiana Assignment of Overriding Royalty Interest by Working Interest Owner, Single Lease, Stated Percentage

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-287
• 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. Keywords: Indiana, assignment, overriding royalty interest, working interest owner, single lease, stated percentage. Detailed description: An Indiana Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a legal document that transfers the rights to receive a portion of the royalties from an oil or gas lease from the working interest owner to another party. This assignment allows the working interest owner to assign a specified percentage of their royalty interest to another party, who will then be entitled to receive that portion of the royalties generated from the lease. This type of assignment is common in the oil and gas industry and is used to divide ownership and interest in a particular lease among multiple parties. It provides flexibility and allows the working interest owner to monetize their interest in selling or assigning a portion of their royalty rights to another party. The assignment typically includes details such as the names of the parties involved, the legal description of the lease, the percentage of the overriding royalty interest being assigned, and any specific terms or conditions associated with the assignment. It may also outline the obligations and responsibilities of the parties involved, including the requirement for the assignee to share in the costs and liabilities associated with the lease. It is important to note that there may be variations or different types of Indiana Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage. These variations could include different percentages being assigned, specific conditions or restrictions, or additional provisions to address unique circumstances or situations. Overall, the Indiana Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a legal instrument designed to facilitate the transfer of a portion of the royalty interest associated with an oil or gas lease. It allows working interest owners to divest a portion of their royalty rights while providing the assignee with the opportunity to participate in the revenue generated from the lease.

Keywords: Indiana, assignment, overriding royalty interest, working interest owner, single lease, stated percentage. Detailed description: An Indiana Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a legal document that transfers the rights to receive a portion of the royalties from an oil or gas lease from the working interest owner to another party. This assignment allows the working interest owner to assign a specified percentage of their royalty interest to another party, who will then be entitled to receive that portion of the royalties generated from the lease. This type of assignment is common in the oil and gas industry and is used to divide ownership and interest in a particular lease among multiple parties. It provides flexibility and allows the working interest owner to monetize their interest in selling or assigning a portion of their royalty rights to another party. The assignment typically includes details such as the names of the parties involved, the legal description of the lease, the percentage of the overriding royalty interest being assigned, and any specific terms or conditions associated with the assignment. It may also outline the obligations and responsibilities of the parties involved, including the requirement for the assignee to share in the costs and liabilities associated with the lease. It is important to note that there may be variations or different types of Indiana Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage. These variations could include different percentages being assigned, specific conditions or restrictions, or additional provisions to address unique circumstances or situations. Overall, the Indiana Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a legal instrument designed to facilitate the transfer of a portion of the royalty interest associated with an oil or gas lease. It allows working interest owners to divest a portion of their royalty rights while providing the assignee with the opportunity to participate in the revenue generated from the lease.