Kansas Assignment of Carried Working Interest

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-300
• Format: Word; Rich Text

Description

This form is used when the Assignor grants, sells, and conveys to Assignee the Carried Interest in an oil and gas lease. Kansas Assignment of Carried Working Interest is a legal transaction involving the transfer of ownership or rights to a portion of the working interest in an oil or gas lease in the state of Kansas. This specific type of assignment occurs when a working interest owner seeks to transfer a part or all of their interest to another party, who will then assume the associated costs and responsibilities. Keywords: Kansas, Assignment of Carried Working Interest, oil, gas lease, ownership, rights, transfer, working interest owner, costs, responsibilities. There are multiple types of Kansas Assignment of Carried Working Interest, including: 1. Partial Assignment of Carried Working Interest: This is when a working interest owner transfers only a portion of their interest to a new party, while retaining a percentage of the working interest. In this scenario, the assignee assumes some costs and responsibilities associated with the lease. 2. Full Assignment of Carried Working Interest: In this type of assignment, a working interest owner transfers their entire interest to a new party. The assignee will then assume all the obligations, costs, and responsibilities that were previously associated with the working interest. 3. Temporary Assignment of Carried Working Interest: This occurs when a working interest owner temporarily transfers their interest to another party for a specified period. The assignee assumes the associated costs and responsibilities only for the agreed-upon time frame, after which the interest is returned to the original owner. 4. Permanent Assignment of Carried Working Interest: This type of assignment involves the permanent transfer of ownership of the working interest in the original owner to a new party. The assignee assumes all obligations, costs, and responsibilities indefinitely. Overall, the Kansas Assignment of Carried Working Interest allows working interest owners to transfer their rights, obligations, and costs associated with an oil or gas lease. Whether through partial or full, temporary or permanent assignments, this transaction provides flexibility for owners and new parties looking to share or take over working interests in Kansas.

Kansas Assignment of Carried Working Interest is a legal transaction involving the transfer of ownership or rights to a portion of the working interest in an oil or gas lease in the state of Kansas. This specific type of assignment occurs when a working interest owner seeks to transfer a part or all of their interest to another party, who will then assume the associated costs and responsibilities. Keywords: Kansas, Assignment of Carried Working Interest, oil, gas lease, ownership, rights, transfer, working interest owner, costs, responsibilities. There are multiple types of Kansas Assignment of Carried Working Interest, including: 1. Partial Assignment of Carried Working Interest: This is when a working interest owner transfers only a portion of their interest to a new party, while retaining a percentage of the working interest. In this scenario, the assignee assumes some costs and responsibilities associated with the lease. 2. Full Assignment of Carried Working Interest: In this type of assignment, a working interest owner transfers their entire interest to a new party. The assignee will then assume all the obligations, costs, and responsibilities that were previously associated with the working interest. 3. Temporary Assignment of Carried Working Interest: This occurs when a working interest owner temporarily transfers their interest to another party for a specified period. The assignee assumes the associated costs and responsibilities only for the agreed-upon time frame, after which the interest is returned to the original owner. 4. Permanent Assignment of Carried Working Interest: This type of assignment involves the permanent transfer of ownership of the working interest in the original owner to a new party. The assignee assumes all obligations, costs, and responsibilities indefinitely. Overall, the Kansas Assignment of Carried Working Interest allows working interest owners to transfer their rights, obligations, and costs associated with an oil or gas lease. Whether through partial or full, temporary or permanent assignments, this transaction provides flexibility for owners and new parties looking to share or take over working interests in Kansas.