In the case of a partial assignment, i.e., assignment of a full interest in only a portion of the leased premises, a new lease is issued for the assigned ... (3) Assignment of undivided, fractional interests in any lease, either as to the whole of the leased premises, or as to any portion thereof, is accomplished by ...by RE Sullivan · 1955 · Cited by 10 — the lease; he can transfer his entire interest and reserve an undivided inter- est or a fractional interest payable only out of production; or he can grant. This form is used when Assignor assigns, sells, and conveys to Assignee an undivided % of all of Assignor's rights, title and interests in an Oil and Gas ... This form is used when the Assignor sells, assigns, and conveys to Assignee, an undivided percentage of all of Assignor's rights, title, and interests in ... Nov 3, 2016 — The record title interest includes the obligation to pay rent and the rights to assign and relinquish the lease.[1] The operating rights ... We are providing the following scenarios to help you determine if you need to file a record title assignment, an operating rights transfer, or both. SCENARIO 1. Feb 3, 2018 — The record title interest includes the obligation to pay rent and the rights to assign and relinquish the lease.[1] The operating rights ... Jan 12, 1987 — A party holding an undivided interest in a lease, for UNDIVIDED example, 10 percent undivided interest, shall be chargeable INTEREST for 10 ... (h) Buyer shall not be entitled to an assignment of the Assets, and shall have no further right to earn any interest in the Assets, if Buyer fails to Drill and, ...