This form is used when an Assignor assigns, transfers, and conveys to Assignee an overriding royalty interest in the Lease and all of the oil and gas produced, saved and marketed from the Lease, out of the interest owned by Assignor, with proportionate reduction (the Override ).
A New Hampshire Assignment of Overriding Royalty Interest for Single Lease — Proportionate reduction is a legal document that allows an individual or entity to transfer or assign their share of overriding royalty interest to another party for a specific lease in the state of New Hampshire. This type of assignment can be used in various situations, such as mineral or oil and gas leases. The overriding royalty interest is a percentage or fraction of the gross production from the lease, granted to a party other than the mineral interest owner. By assigning this interest, the original assignor can transfer their rights, benefits, and obligations related to the overriding royalty interest to the assignee. In the case of a proportional reduction assignment, it refers to a situation where the assignor wishes to transfer only a portion or a specific percentage of their overriding royalty interest in the single lease. This could be due to various reasons, such as the assignor's financial needs, diversification of investments, or partnership agreements. It is essential to include relevant keywords in the document to ensure its accuracy and legality. Some relevant keywords might include: New Hampshire, assignment, overriding royalty interest, single lease, proportionate reduction, mineral lease, oil and gas lease, transfer, share, assignor, assignee, rights, benefits, obligations, interest percentage, gross production, financial needs, diversification, partnership agreements. Different variations or types of New Hampshire Assignment of Overriding Royalty Interest for Single Lease — Proportionate reduction may not have specific names, as they generally follow a similar structure and purpose. However, they may differ in terms of the percentage being assigned, the parties involved, and any additional terms or conditions specified within the document.
A New Hampshire Assignment of Overriding Royalty Interest for Single Lease — Proportionate reduction is a legal document that allows an individual or entity to transfer or assign their share of overriding royalty interest to another party for a specific lease in the state of New Hampshire. This type of assignment can be used in various situations, such as mineral or oil and gas leases. The overriding royalty interest is a percentage or fraction of the gross production from the lease, granted to a party other than the mineral interest owner. By assigning this interest, the original assignor can transfer their rights, benefits, and obligations related to the overriding royalty interest to the assignee. In the case of a proportional reduction assignment, it refers to a situation where the assignor wishes to transfer only a portion or a specific percentage of their overriding royalty interest in the single lease. This could be due to various reasons, such as the assignor's financial needs, diversification of investments, or partnership agreements. It is essential to include relevant keywords in the document to ensure its accuracy and legality. Some relevant keywords might include: New Hampshire, assignment, overriding royalty interest, single lease, proportionate reduction, mineral lease, oil and gas lease, transfer, share, assignor, assignee, rights, benefits, obligations, interest percentage, gross production, financial needs, diversification, partnership agreements. Different variations or types of New Hampshire Assignment of Overriding Royalty Interest for Single Lease — Proportionate reduction may not have specific names, as they generally follow a similar structure and purpose. However, they may differ in terms of the percentage being assigned, the parties involved, and any additional terms or conditions specified within the document.
