Montana Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a legal agreement that outlines the transfer of a portion of the royalty interest to the working interest owner in a specific oil and gas lease. This type of assignment is commonly used in Montana to allocate the distribution of profits and benefits related to the exploration and production of oil and gas. In this assignment, the working interest owner, who is typically the individual or company responsible for financing drilling and operating activities, agrees to assign a portion of their overriding royalty interest to another party. The overriding royalty interest represents a share of the profits generated from the production of oil and gas on the lease. The assignment includes details about the single lease where the interest is being transferred, such as the lease identifier, geographical location, and legal description. It also states the percentage of the overriding royalty interest being assigned, which could vary depending on the negotiated terms between the working interest owner and the assignee. Different types of assignments in this category may include variations based on specific conditions and agreements between the parties involved. For instance, there could be assignments with fixed percentages for the duration of the lease, or assignments with percentage adjustments based on production levels or other performance indicators. Keywords: Montana, Assignment, Overriding Royalty Interest, Working Interest Owner, Single Lease, Stated Percentage, Oil, Gas, Exploration, Production, Profit, Benefits, Legal Agreement, Transfer, Distribution, Financing, Drilling, Operating Activities, Lease Identifier, Geographical Location, Legal Description, Assignee, Fixed Percentages, Duration, Production Levels, Performance Indicators.
Montana Assignment of Overriding Royalty Interest by Working Interest Owner, Single Lease, Stated Percentage
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