Nebraska Assignment of Overriding Royalty Interest Limited As to Depth is a legal document that serves as a means to transfer or assign a portion of the royalty interest generated from an oil or gas lease. This type of assignment is specific to Nebraska and is limited as to depth. The Assignment of Overriding Royalty Interest (ORRIS) is a commonly used legal instrument in the oil and gas industry. It allows individuals or entities to receive a share of the proceeds or revenue from the extraction and production of oil and gas resources, without having to bear the costs and risks associated with drilling and exploration. In Nebraska, the Assignment of Overriding Royalty Interest is not an all-encompassing right. It is limited as to depth, which means that it only applies to royalties generated from the production at specific depths within the oil or gas reservoir. This limitation ensures that the assignor and assignee are clear about the scope of their rights and obligations. There may be different types of Nebraska Assignment of Overriding Royalty Interest Limited As to Depth, categorized based on the specific depths delineated in the assignment. These assignments could be specific to a particular zone or stratum within the subsurface reservoir, ensuring that the assignor retains rights to royalties generated from other depths. Some relevant keywords for this topic could include: — Nebraska Assignment of Overriding Royalty Interest — Limited As to Dept— - Oil and Gas industry — Royalty Interes— - Oil and Gas Lease - Assignment of Royalty — Nebraska Oil and Gas Right— - Subsurface Reservoir — Depths - Oil and GaExtractionio— - Legal document It is essential to consult with legal professionals knowledgeable in Nebraska oil and gas laws and regulations before entering into any assignment agreements. Proper understanding and documentation of the assigned interests, as well as the limitations regarding depth, will help ensure clarity and prevent disputes or ambiguities in the future.