Louisiana Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty - Long Form

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-518
• 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, convertible to a working interest. Louisiana Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form is a legally binding document that involves the transfer of overriding royalty interests (ORI's) from the working interest owner to another party. This assignment is specific to the state of Louisiana and encompasses multiple leases and comes with a limited warranty. The Louisiana Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form can be further classified into various types, each differing in terms of the involved parties, lease agreements, and scope of the overriding royalty interests being transferred. Some key types include: 1. Louisiana Assignment of ORI Out of Working Interest — Single Lease: This type of assignment focuses on the transfer of overriding royalty interests from a single lease only. It caters to situations where a party wishes to transfer its ORI's from a specific lease to another individual or entity. 2. Louisiana Assignment of ORI Out of Working Interest — Multiple Leases: This variant involves the transfer of overriding royalty interests from multiple leases simultaneously. It might be relevant when a working interest owner decides to transfer their ORI's for all the leases they hold within a designated area or among various lessees. 3. Louisiana Assignment of ORI Out of Working Interest with Full Warranty: Unlike the limited warranty version, this assignment provides a more comprehensive warranty on the overriding royalty interests being transferred. It assures the assignee that the ORI's are free from any encumbrances, claims, or defects, offering an additional layer of protection. 4. Louisiana Assignment of ORI Out of Working Interest with Partial Warranty: This type of assignment offers a limited warranty, specifying the extent to which the assignor guarantees the validity and freedom from encumbrances of the overriding royalty interests. It may cover select claims or defects, providing some level of assurance to the assignee. In all Louisiana Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form variations, the document outlines the core details such as the names and contact information of both the assignor (current owner) and the assignee, a comprehensive description of the ORI's being transferred, details about the leases involved, terms and conditions of the assignment, and any additional provisions or warranties agreed upon. It is essential to consult legal experts or professionals well-versed in Louisiana oil and gas laws to ensure that the assignment accurately reflects the intentions of the parties involved and fully complies with the applicable regulations.

Louisiana Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form is a legally binding document that involves the transfer of overriding royalty interests (ORI's) from the working interest owner to another party. This assignment is specific to the state of Louisiana and encompasses multiple leases and comes with a limited warranty. The Louisiana Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form can be further classified into various types, each differing in terms of the involved parties, lease agreements, and scope of the overriding royalty interests being transferred. Some key types include: 1. Louisiana Assignment of ORI Out of Working Interest — Single Lease: This type of assignment focuses on the transfer of overriding royalty interests from a single lease only. It caters to situations where a party wishes to transfer its ORI's from a specific lease to another individual or entity. 2. Louisiana Assignment of ORI Out of Working Interest — Multiple Leases: This variant involves the transfer of overriding royalty interests from multiple leases simultaneously. It might be relevant when a working interest owner decides to transfer their ORI's for all the leases they hold within a designated area or among various lessees. 3. Louisiana Assignment of ORI Out of Working Interest with Full Warranty: Unlike the limited warranty version, this assignment provides a more comprehensive warranty on the overriding royalty interests being transferred. It assures the assignee that the ORI's are free from any encumbrances, claims, or defects, offering an additional layer of protection. 4. Louisiana Assignment of ORI Out of Working Interest with Partial Warranty: This type of assignment offers a limited warranty, specifying the extent to which the assignor guarantees the validity and freedom from encumbrances of the overriding royalty interests. It may cover select claims or defects, providing some level of assurance to the assignee. In all Louisiana Assignment of Overriding Royalty Interest Out of Working Interest with Multiple Leases and Limited Warranty — Long Form variations, the document outlines the core details such as the names and contact information of both the assignor (current owner) and the assignee, a comprehensive description of the ORI's being transferred, details about the leases involved, terms and conditions of the assignment, and any additional provisions or warranties agreed upon. It is essential to consult legal experts or professionals well-versed in Louisiana oil and gas laws to ensure that the assignment accurately reflects the intentions of the parties involved and fully complies with the applicable regulations.