Louisiana 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. Louisiana Assignment of Overriding Royalty Interest Limited As to Depth is a legal document that pertains to the transfer of ownership and interests in mining or oil and gas ventures in the state of Louisiana. This assignment allows for the delegation of overriding royalty interests (ORRIS) within specific geographical and vertical limits. It is crucial to understand the intricacies of this document when engaging in energy or mineral rights transactions. The purpose of the Louisiana Assignment of Overriding Royalty Interest Limited As to Depth is to define the scope and limits of the assigned royalty interests. By incorporating an "as to depth" clause, this particular type of assignment ensures that the ORRIS only spans a specific vertical range within an identified piece of land. This clause clarifies the extent of ownership or investment applicable to a specific depth range of resources. Within the realm of Louisiana Assignment of Overriding Royalty Interest Limited As to Depth, there are several variations or subclasses. These may consist of: 1. Depth-Limited Overriding Royalty Assignments: These assignments limit the ORRIS to a specific vertical depth range. For instance, an ORRIS could be assigned only for oil reserves found between 5,000 and 10,000 feet underground. 2. Multi-Depth Overriding Royalty Assignments: These assignments grant overriding royalty interests in multiple depths within a defined geographic area. It allows for the allocation of interests to different parties according to specified depth ranges. For example, one party may be assigned interests from 0 to 5,000 feet, while another party may hold interests from 5,000 to 10,000 feet. 3. Depth-Limited ORRIS Assignments in Combination with Geographic Limitations: These assignments not only restrict the ORRIS to a specific depth range but also limit it to particular geographical areas. This combination ensures that the assigned royalty is applicable only to a defined subsurface area within a given region. It is crucial to study the Louisiana Assignment of Overriding Royalty Interest Limited As to Depth carefully to understand its boundaries and restrictions. Each type of assignment offers different benefits and considerations for both assignors and assignees. Consulting an experienced attorney specializing in mineral rights or energy law is advisable to navigate the complex legalities and maximize the value of your interests. Keywords: Louisiana Assignment, Overriding Royalty Interest, Limited As to Depth, mining, oil and gas ventures, ownership, interests, energy, mineral rights transactions, as to depth clause, vertical range, subclass, depth-limited overriding royalty assignments, multi-depth overriding royalty assignments, depth-limited ORRIS assignments in combination with geographic limitations, subsurface area, assignors, assignees, attorney, mineral rights, energy law.

Louisiana Assignment of Overriding Royalty Interest Limited As to Depth is a legal document that pertains to the transfer of ownership and interests in mining or oil and gas ventures in the state of Louisiana. This assignment allows for the delegation of overriding royalty interests (ORRIS) within specific geographical and vertical limits. It is crucial to understand the intricacies of this document when engaging in energy or mineral rights transactions. The purpose of the Louisiana Assignment of Overriding Royalty Interest Limited As to Depth is to define the scope and limits of the assigned royalty interests. By incorporating an "as to depth" clause, this particular type of assignment ensures that the ORRIS only spans a specific vertical range within an identified piece of land. This clause clarifies the extent of ownership or investment applicable to a specific depth range of resources. Within the realm of Louisiana Assignment of Overriding Royalty Interest Limited As to Depth, there are several variations or subclasses. These may consist of: 1. Depth-Limited Overriding Royalty Assignments: These assignments limit the ORRIS to a specific vertical depth range. For instance, an ORRIS could be assigned only for oil reserves found between 5,000 and 10,000 feet underground. 2. Multi-Depth Overriding Royalty Assignments: These assignments grant overriding royalty interests in multiple depths within a defined geographic area. It allows for the allocation of interests to different parties according to specified depth ranges. For example, one party may be assigned interests from 0 to 5,000 feet, while another party may hold interests from 5,000 to 10,000 feet. 3. Depth-Limited ORRIS Assignments in Combination with Geographic Limitations: These assignments not only restrict the ORRIS to a specific depth range but also limit it to particular geographical areas. This combination ensures that the assigned royalty is applicable only to a defined subsurface area within a given region. It is crucial to study the Louisiana Assignment of Overriding Royalty Interest Limited As to Depth carefully to understand its boundaries and restrictions. Each type of assignment offers different benefits and considerations for both assignors and assignees. Consulting an experienced attorney specializing in mineral rights or energy law is advisable to navigate the complex legalities and maximize the value of your interests. Keywords: Louisiana Assignment, Overriding Royalty Interest, Limited As to Depth, mining, oil and gas ventures, ownership, interests, energy, mineral rights transactions, as to depth clause, vertical range, subclass, depth-limited overriding royalty assignments, multi-depth overriding royalty assignments, depth-limited ORRIS assignments in combination with geographic limitations, subsurface area, assignors, assignees, attorney, mineral rights, energy law.