Nebraska Assignment of Overriding Royalty Interest - Short Form

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-031
• Format: Word; Rich Text

Description

This form is used by the Assignor to transfer, assign, and convey to Assignee all of Assignor's overriding royalty interest in a Lease and all oil, gas and other minerals produced, saved and sold from the Lease and Land. Nebraska Assignment of Overriding Royalty Interest — Short Form is a legal document commonly used in the oil and gas industry. It is an agreement between the owner of the overriding royalty interest (ORRIS) and the assignee, wherein the assignee acquires the right to receive a portion of the revenue from the production of oil, gas, or minerals from a specific leased property in Nebraska. The Nebraska Assignment of Overriding Royalty Interest — Short Form clearly outlines the terms and conditions of the assignment, including the percentage or fraction of the ORRIS being assigned, the effective date of the assignment, and any specific restrictions or limitations. This agreement is crucial for documenting the transfer of ownership and protecting the rights of both parties involved. Keywords: Nebraska, Assignment of Overriding Royalty Interest, Short Form, oil and gas industry, revenue, production, leased property, ORRIS, legal document. Different types of Nebraska Assignment of Overriding Royalty Interest — Short Form may include variations based on specific lease agreements or additional clauses addressing unique scenarios or considerations. Some of these variations may include: 1. Nebraska Assignment of Overriding Royalty Interest — Short Form (Gas Production): This specific form is used when the assignment is limited to only gas production on the leased property. 2. Nebraska Assignment of Overriding Royalty Interest — Short Form (Oil and Gas Production): This form is utilized when the assignment pertains to both oil and gas production from the leased property. 3. Nebraska Assignment of Overriding Royalty Interest — Short Form (Limited Duration): This version of the agreement sets a predetermined time frame for the assignment, after which the overriding royalty interest reverts to the original owner. 4. Nebraska Assignment of Overriding Royalty Interest — Short Form (Multiple Assignees): In cases where the overriding royalty interest is being assigned to multiple parties, this form outlines the specific percentages or fractions assigned to each assignee. These variations in the Nebraska Assignment of Overriding Royalty Interest — Short Form allow for customization and tailoring to meet the specific requirements and intentions of the parties involved, ensuring clear communication and smooth transactions in the oil and gas industry. Keywords: Nebraska, Assignment of Overriding Royalty Interest, Short Form, gas production, oil production, specific lease agreements, variations, customization, tailoring, multiple assignees.

Nebraska Assignment of Overriding Royalty Interest — Short Form is a legal document commonly used in the oil and gas industry. It is an agreement between the owner of the overriding royalty interest (ORRIS) and the assignee, wherein the assignee acquires the right to receive a portion of the revenue from the production of oil, gas, or minerals from a specific leased property in Nebraska. The Nebraska Assignment of Overriding Royalty Interest — Short Form clearly outlines the terms and conditions of the assignment, including the percentage or fraction of the ORRIS being assigned, the effective date of the assignment, and any specific restrictions or limitations. This agreement is crucial for documenting the transfer of ownership and protecting the rights of both parties involved. Keywords: Nebraska, Assignment of Overriding Royalty Interest, Short Form, oil and gas industry, revenue, production, leased property, ORRIS, legal document. Different types of Nebraska Assignment of Overriding Royalty Interest — Short Form may include variations based on specific lease agreements or additional clauses addressing unique scenarios or considerations. Some of these variations may include: 1. Nebraska Assignment of Overriding Royalty Interest — Short Form (Gas Production): This specific form is used when the assignment is limited to only gas production on the leased property. 2. Nebraska Assignment of Overriding Royalty Interest — Short Form (Oil and Gas Production): This form is utilized when the assignment pertains to both oil and gas production from the leased property. 3. Nebraska Assignment of Overriding Royalty Interest — Short Form (Limited Duration): This version of the agreement sets a predetermined time frame for the assignment, after which the overriding royalty interest reverts to the original owner. 4. Nebraska Assignment of Overriding Royalty Interest — Short Form (Multiple Assignees): In cases where the overriding royalty interest is being assigned to multiple parties, this form outlines the specific percentages or fractions assigned to each assignee. These variations in the Nebraska Assignment of Overriding Royalty Interest — Short Form allow for customization and tailoring to meet the specific requirements and intentions of the parties involved, ensuring clear communication and smooth transactions in the oil and gas industry. Keywords: Nebraska, Assignment of Overriding Royalty Interest, Short Form, gas production, oil production, specific lease agreements, variations, customization, tailoring, multiple assignees.