Missouri Assignment of Overriding Royalty Interest - Short Form

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-031
• Format: Word; Rich Text

Description

This form is used by the Assignor to transfer, assign, and convey to Assignee all of Assignor's overriding royalty interest in a Lease and all oil, gas and other minerals produced, saved and sold from the Lease and Land. A Missouri Assignment of Overriding Royalty Interest — Short Form is a legal document used in the state of Missouri to transfer the rights to receive overriding royalties from the assignor to the assignee. This document is commonly executed in the context of oil and gas leases or mineral rights. The overriding royalty interest (ORRIS) is a percentage share of the production or revenues obtained from the oil and gas extraction. It is distinguished from the working interest, which refers to the ownership interest in the operation and costs associated with the extraction. The holder of the ORRIS does not have to bear any costs but is entitled to a portion of the profits. The Missouri Assignment of Overriding Royalty Interest — Short Form serves as a written agreement between the assignor (the party transferring the ORRIS rights) and the assignee (the party receiving the ORRIS rights). This document outlines the terms and conditions of the assignment, including the percentage of the ORRIS being transferred, any restrictions or limitations on the assignment, and the consideration given in exchange for the assignment. It is important to note that there may be different types of Missouri Assignment of Overriding Royalty Interest — Short Form, each catering to specific circumstances or additional provisions required by the parties involved. Some variations may include: 1. Missouri Assignment of Overriding Royalty Interest — Short Form for Oil and Gas Leases: This type of assignment specifically relates to oil and gas leases, where the assignor transfers their ORRIS rights to the assignee, usually in return for a monetary consideration. 2. Missouri Assignment of Overriding Royalty Interest — Short Form for Mineral Rights: This variation focuses on the assignment of ORRIS rights for mineral rights other than oil and gas. These can include precious metals, coal, uranium, or other valuable substances found beneath the surface. 3. Missouri Assignment of Overriding Royalty Interest — Short Form with Conveyance Restrictions: In certain cases, the assignor may request specific restrictions on the assignment, such as limitations on the geographic area, term of the assignment, or reserved rights. Overall, a Missouri Assignment of Overriding Royalty Interest — Short Form is an essential document in the oil and gas industry, enabling the transfer of ORRIS rights while delineating the terms and conditions of the assignment. These assignments play a crucial role in the efficient and secure trading of interests in Missouri's natural resources.

A Missouri Assignment of Overriding Royalty Interest — Short Form is a legal document used in the state of Missouri to transfer the rights to receive overriding royalties from the assignor to the assignee. This document is commonly executed in the context of oil and gas leases or mineral rights. The overriding royalty interest (ORRIS) is a percentage share of the production or revenues obtained from the oil and gas extraction. It is distinguished from the working interest, which refers to the ownership interest in the operation and costs associated with the extraction. The holder of the ORRIS does not have to bear any costs but is entitled to a portion of the profits. The Missouri Assignment of Overriding Royalty Interest — Short Form serves as a written agreement between the assignor (the party transferring the ORRIS rights) and the assignee (the party receiving the ORRIS rights). This document outlines the terms and conditions of the assignment, including the percentage of the ORRIS being transferred, any restrictions or limitations on the assignment, and the consideration given in exchange for the assignment. It is important to note that there may be different types of Missouri Assignment of Overriding Royalty Interest — Short Form, each catering to specific circumstances or additional provisions required by the parties involved. Some variations may include: 1. Missouri Assignment of Overriding Royalty Interest — Short Form for Oil and Gas Leases: This type of assignment specifically relates to oil and gas leases, where the assignor transfers their ORRIS rights to the assignee, usually in return for a monetary consideration. 2. Missouri Assignment of Overriding Royalty Interest — Short Form for Mineral Rights: This variation focuses on the assignment of ORRIS rights for mineral rights other than oil and gas. These can include precious metals, coal, uranium, or other valuable substances found beneath the surface. 3. Missouri Assignment of Overriding Royalty Interest — Short Form with Conveyance Restrictions: In certain cases, the assignor may request specific restrictions on the assignment, such as limitations on the geographic area, term of the assignment, or reserved rights. Overall, a Missouri Assignment of Overriding Royalty Interest — Short Form is an essential document in the oil and gas industry, enabling the transfer of ORRIS rights while delineating the terms and conditions of the assignment. These assignments play a crucial role in the efficient and secure trading of interests in Missouri's natural resources.