Maryland 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. A Maryland Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a legal agreement related to the ownership and distribution of royalties from a working interest in an oil and gas lease in Maryland. This type of assignment can encompass different variations depending on the specific terms and conditions agreed upon by the parties involved. The main objective of the assignment is to transfer the rights to receive a portion of the overriding royalty interest from the working interest owner to another party, referred to as the assignee. This transfer is typically specified as a stated percentage of the overriding royalty interest, which represents a portion of the income derived from the production of oil and gas under the lease. Keywords: Maryland, Assignment, Overriding Royalty Interest, Working Interest Owner, Single Lease, Stated Percentage, Ownership, Distribution, Royalties, Oil and Gas, Legal Agreement, Terms and Conditions, Parties, Assignee, Income, Production. There might be different types of Maryland Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage based on additional elements involved or modifications made to the general agreement. Some potential variations could include: 1. Maryland Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage with Additional Obligations: This type of assignment may involve additional obligations or responsibilities imposed on either the assignor (working interest owner) or the assignee. 2. Maryland Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage with Buyback Clause: This assignment might include a buyback clause that allows the assignor to repurchase the overriding royalty interest at a pre-determined price or under specific circumstances. 3. Maryland Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage with Limitations or Restrictions: In this case, the assignment may contain limitations or restrictions on the exploitation or use of the overriding royalty interest, such as geographical boundaries or exclusions. 4. Maryland Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage with Escalation Clause: This type of assignment may feature an escalation clause that allows for an increase in the stated percentage over time or based on certain performance criteria. It is important to note that the aforementioned variations are examples and not an exhaustive list, as the specific types can vary depending on the nature of the agreement and the parties involved.

A Maryland Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a legal agreement related to the ownership and distribution of royalties from a working interest in an oil and gas lease in Maryland. This type of assignment can encompass different variations depending on the specific terms and conditions agreed upon by the parties involved. The main objective of the assignment is to transfer the rights to receive a portion of the overriding royalty interest from the working interest owner to another party, referred to as the assignee. This transfer is typically specified as a stated percentage of the overriding royalty interest, which represents a portion of the income derived from the production of oil and gas under the lease. Keywords: Maryland, Assignment, Overriding Royalty Interest, Working Interest Owner, Single Lease, Stated Percentage, Ownership, Distribution, Royalties, Oil and Gas, Legal Agreement, Terms and Conditions, Parties, Assignee, Income, Production. There might be different types of Maryland Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage based on additional elements involved or modifications made to the general agreement. Some potential variations could include: 1. Maryland Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage with Additional Obligations: This type of assignment may involve additional obligations or responsibilities imposed on either the assignor (working interest owner) or the assignee. 2. Maryland Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage with Buyback Clause: This assignment might include a buyback clause that allows the assignor to repurchase the overriding royalty interest at a pre-determined price or under specific circumstances. 3. Maryland Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage with Limitations or Restrictions: In this case, the assignment may contain limitations or restrictions on the exploitation or use of the overriding royalty interest, such as geographical boundaries or exclusions. 4. Maryland Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage with Escalation Clause: This type of assignment may feature an escalation clause that allows for an increase in the stated percentage over time or based on certain performance criteria. It is important to note that the aforementioned variations are examples and not an exhaustive list, as the specific types can vary depending on the nature of the agreement and the parties involved.