North Carolina Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool)

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-940
• Format: Word; Rich Text

Description

This form is an assignment of overriding royalty interest for a non-producing, single lease with reserves the right to pool. A North Carolina Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) is a legal document that allows the transfer of a portion of the royalty interest in an oil or gas lease to another party. This assignment is specific to North Carolina and includes various important provisions to safeguard the interests of both the assignor and the assignee. Keywords: North Carolina, assignment, overriding royalty interest, non-producing, single lease, reserves right to pool Different types of North Carolina Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) may include variations based on the specific terms and conditions agreed upon by the involved parties. These variations could include: 1. North Carolina Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool with Minimum Royalty): In this type of assignment, a minimum royalty clause is added to ensure that the assignee receives a specified minimum amount of royalty, even if the production from the leased property is low. 2. North Carolina Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool with Adjusted Royalty): This variation allows for adjustments to the assigned royalty interest based on certain factors such as changes in production volumes, oil or gas prices, or other mutually agreed-upon conditions. 3. North Carolina Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool with Limited Transferability): When parties are concerned about potential unrestricted transfers of the assigned royalty interest, this type of assignment may include restrictions on the assignee's ability to further transfer or assign the interest without the consent of the assignor. 4. North Carolina Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool with Right of First Refusal): In this variation, the assignor reserves the right to offer the assigned royalty interest to the assignee before considering any other potential purchasers, allowing the assignee to have the first opportunity to acquire additional interest in the lease. Regardless of the specific type, a North Carolina Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) is a comprehensive legal document that outlines the terms, conditions, and provisions for the transfer of royalty interest in the state of North Carolina. It is crucial for all parties involved to carefully review and understand the terms before entering into such an agreement.

A North Carolina Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) is a legal document that allows the transfer of a portion of the royalty interest in an oil or gas lease to another party. This assignment is specific to North Carolina and includes various important provisions to safeguard the interests of both the assignor and the assignee. Keywords: North Carolina, assignment, overriding royalty interest, non-producing, single lease, reserves right to pool Different types of North Carolina Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) may include variations based on the specific terms and conditions agreed upon by the involved parties. These variations could include: 1. North Carolina Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool with Minimum Royalty): In this type of assignment, a minimum royalty clause is added to ensure that the assignee receives a specified minimum amount of royalty, even if the production from the leased property is low. 2. North Carolina Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool with Adjusted Royalty): This variation allows for adjustments to the assigned royalty interest based on certain factors such as changes in production volumes, oil or gas prices, or other mutually agreed-upon conditions. 3. North Carolina Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool with Limited Transferability): When parties are concerned about potential unrestricted transfers of the assigned royalty interest, this type of assignment may include restrictions on the assignee's ability to further transfer or assign the interest without the consent of the assignor. 4. North Carolina Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool with Right of First Refusal): In this variation, the assignor reserves the right to offer the assigned royalty interest to the assignee before considering any other potential purchasers, allowing the assignee to have the first opportunity to acquire additional interest in the lease. Regardless of the specific type, a North Carolina Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) is a comprehensive legal document that outlines the terms, conditions, and provisions for the transfer of royalty interest in the state of North Carolina. It is crucial for all parties involved to carefully review and understand the terms before entering into such an agreement.