This form is used when an Assignor releases, relinquishes, and quit claims the Production Payment Interest to an Assignee, being the present owners of the leasehold interest in the leases that were the subject of the Assignment creating the production payment, so that from and after the Effective Date the released interest is owned in the manner provided for in the Assignment.
North Dakota Release of Production Payment Reserved in An Assignment
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Multi-State
Control #:
US-OG-402
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Word;
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How to fill out Release Of Production Payment Reserved In An Assignment?
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North Dakota Quick Facts North Dakota contains the world's largest known deposit of lignite, and it is the fifth-largest coal producing state, accounting for 5% of U.S. total coal production.
The ND Geological Survey says cobalt, gallium, germanium, lithium, and several other rare and critical minerals are present in the more than 1,700 samples taken from lignite beds across a 340 square mile region.
South Dakota leads in mica production It also produces construction sand and gravel, crushed stone, dimension stone, feldspar, gemstones, gold, gypsum, industrial sand and gravel, lime, and silver. Iron ore mined is used for cement clinker.
North Dakota produces common clay, construction and industrial sand and gravel, crushed stone, lime, and natural gemstones. Approximately one-third of the common clay mined is used for making bricks.
38-18.1-02. Statement of claims - Recording - Reversion. The owner of the surface estate in the land in or under which the mineral interest is located on the date of abandonment may record a statement of succession in interest indicating that the owner has succeeded to ownership of the minerals under this chapter.
We found significant quantities of rare earth minerals, germanium and gallium in the North Dakota lignite.
