Missouri 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. The Missouri Assignment of Overriding Royalty Interest Limited As to Depth is a legal document that allows an individual or entity to transfer their rights to receive a portion of the revenue generated from an oil or gas well. This assignment is limited specifically to the depth at which the oil or gas is extracted from the land. In Missouri, various types of Assignment of Overriding Royalty Interest Limited As to Depth may be implemented. These types include: 1. Full Depth Assignment: This type of assignment grants the assignee the rights to receive a percentage of the overriding royalty interest from all depths of the oil or gas well. It encompasses the entire range of depths at which oil or gas extraction may occur. 2. Limited Depth Assignment: This type of assignment limits the assignee's rights to receive a percentage of the overriding royalty interest from specific depths of the oil or gas well. The depth range is usually specified in the assignment document, dictating that the assignee's rights are restricted to the designated depths and do not extend beyond that specified range. 3. Multi-Depth Assignment: This type of assignment allows for the transfer of overriding royalty interest rights from multiple non-contiguous depth ranges. The assignee's rights are defined by the specific depths outlined in the assignment document. The Missouri Assignment of Overriding Royalty Interest Limited As to Depth typically includes several key elements to ensure clarity and legal validity. These elements may consist of: — Parties: The assignment document identifies the parties involved, including the assignor (the party transferring their rights) and the assignee (the party receiving the rights). — Overriding Royalty Interest: The assignment specifies the percentage or fraction of the overriding royalty interest being transferred from the assignor to the assignee. — Depth Limitations: The assignment outlines the specific depth range or ranges for which the overriding royalty interest rights are being assigned. This section ensures that the assignee's rights are limited to the depths specified. — Legal Considerations: The assignment may contain provisions regarding governing law, dispute resolution, and any other legal matters that should be addressed to ensure the enforceability of the agreement. — Signatures: Both the assignor and assignee must sign the assignment document to indicate their agreement to the terms and conditions outlined within. It is important to note that the specific content and provisions of the Missouri Assignment of Overriding Royalty Interest Limited As to Depth can vary depending on the circumstances and agreements between the parties involved. Consulting with legal professionals experienced in oil and gas transactions in Missouri is essential to ensure compliance with applicable laws and regulations.

The Missouri Assignment of Overriding Royalty Interest Limited As to Depth is a legal document that allows an individual or entity to transfer their rights to receive a portion of the revenue generated from an oil or gas well. This assignment is limited specifically to the depth at which the oil or gas is extracted from the land. In Missouri, various types of Assignment of Overriding Royalty Interest Limited As to Depth may be implemented. These types include: 1. Full Depth Assignment: This type of assignment grants the assignee the rights to receive a percentage of the overriding royalty interest from all depths of the oil or gas well. It encompasses the entire range of depths at which oil or gas extraction may occur. 2. Limited Depth Assignment: This type of assignment limits the assignee's rights to receive a percentage of the overriding royalty interest from specific depths of the oil or gas well. The depth range is usually specified in the assignment document, dictating that the assignee's rights are restricted to the designated depths and do not extend beyond that specified range. 3. Multi-Depth Assignment: This type of assignment allows for the transfer of overriding royalty interest rights from multiple non-contiguous depth ranges. The assignee's rights are defined by the specific depths outlined in the assignment document. The Missouri Assignment of Overriding Royalty Interest Limited As to Depth typically includes several key elements to ensure clarity and legal validity. These elements may consist of: — Parties: The assignment document identifies the parties involved, including the assignor (the party transferring their rights) and the assignee (the party receiving the rights). — Overriding Royalty Interest: The assignment specifies the percentage or fraction of the overriding royalty interest being transferred from the assignor to the assignee. — Depth Limitations: The assignment outlines the specific depth range or ranges for which the overriding royalty interest rights are being assigned. This section ensures that the assignee's rights are limited to the depths specified. — Legal Considerations: The assignment may contain provisions regarding governing law, dispute resolution, and any other legal matters that should be addressed to ensure the enforceability of the agreement. — Signatures: Both the assignor and assignee must sign the assignment document to indicate their agreement to the terms and conditions outlined within. It is important to note that the specific content and provisions of the Missouri Assignment of Overriding Royalty Interest Limited As to Depth can vary depending on the circumstances and agreements between the parties involved. Consulting with legal professionals experienced in oil and gas transactions in Missouri is essential to ensure compliance with applicable laws and regulations.