Nebraska Assignment of Overriding Royalty Interest by Working Interest Owner, Single Lease, Stated Percentage

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-287
• Format: Word; Rich Text

Description

This form is used by the Assignor to transfer, assign, and convey to Assignee an 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 in Working Interest Owner, Single Lease, Stated Percentage is a legal agreement that allows a working interest owner to transfer a portion of their interest in an oil, gas, or mineral lease in Nebraska to another party in exchange for a stated percentage of the royalty proceeds generated from the lease. In this type of assignment, the working interest owner, also known as the assigning party, transfers a specific percentage of their overriding royalty interest to the assignee, who becomes entitled to receive a portion of the revenue generated from the lease. Keywords: Nebraska, assignment, overriding royalty interest, working interest owner, single lease, stated percentage. There can be different variations or forms of the Nebraska Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage, namely: 1. Fixed Percentage Assignment: In this type of assignment, the working interest owner transfers a fixed and specific percentage of their overriding royalty interest to the assignee. This fixed percentage remains constant throughout the term of the lease. 2. Sliding Scale Assignment: Unlike the fixed percentage assignment, the sliding scale assignment allows the working interest owner to transfer a variable percentage of their overriding royalty interest. This percentage may vary based on the production levels or revenue generated by the lease. As production increases, the working interest owner assigns a higher percentage, and as production decreases, the assigned percentage reduces accordingly. 3. Partial Assignment: A partial assignment involves the working interest owner transferring only a portion of their overriding royalty interest while still retaining the remaining percentage. This type of assignment allows the working interest owner to diversify their investment or share the risks and benefits of the lease with another party. 4. Temporary Assignment: In certain cases, a working interest owner may assign their overriding royalty interest for a specified period. This temporary assignment can be useful when the assigning party wants to monetize their interest in the lease for a specific duration while retaining their long-term ownership rights. Overall, the Nebraska Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a legal arrangement that enables the transfer of a stated percentage of the overriding royalty interest in an oil, gas, or mineral lease from the working interest owner to another party. The specific type of assignment may vary depending on factors such as the percentage being assigned, whether it is fixed or variable, or if it is a temporary or partial assignment.

Nebraska Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a legal agreement that allows a working interest owner to transfer a portion of their interest in an oil, gas, or mineral lease in Nebraska to another party in exchange for a stated percentage of the royalty proceeds generated from the lease. In this type of assignment, the working interest owner, also known as the assigning party, transfers a specific percentage of their overriding royalty interest to the assignee, who becomes entitled to receive a portion of the revenue generated from the lease. Keywords: Nebraska, assignment, overriding royalty interest, working interest owner, single lease, stated percentage. There can be different variations or forms of the Nebraska Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage, namely: 1. Fixed Percentage Assignment: In this type of assignment, the working interest owner transfers a fixed and specific percentage of their overriding royalty interest to the assignee. This fixed percentage remains constant throughout the term of the lease. 2. Sliding Scale Assignment: Unlike the fixed percentage assignment, the sliding scale assignment allows the working interest owner to transfer a variable percentage of their overriding royalty interest. This percentage may vary based on the production levels or revenue generated by the lease. As production increases, the working interest owner assigns a higher percentage, and as production decreases, the assigned percentage reduces accordingly. 3. Partial Assignment: A partial assignment involves the working interest owner transferring only a portion of their overriding royalty interest while still retaining the remaining percentage. This type of assignment allows the working interest owner to diversify their investment or share the risks and benefits of the lease with another party. 4. Temporary Assignment: In certain cases, a working interest owner may assign their overriding royalty interest for a specified period. This temporary assignment can be useful when the assigning party wants to monetize their interest in the lease for a specific duration while retaining their long-term ownership rights. Overall, the Nebraska Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a legal arrangement that enables the transfer of a stated percentage of the overriding royalty interest in an oil, gas, or mineral lease from the working interest owner to another party. The specific type of assignment may vary depending on factors such as the percentage being assigned, whether it is fixed or variable, or if it is a temporary or partial assignment.