New Hampshire Assignment of Overriding Royalty Interest Limited As to Depth

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-290
• 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, which is limited to depth. New Hampshire Assignment of Overriding Royalty Interest Limited As to Depth A New Hampshire Assignment of Overriding Royalty Interest Limited As to Depth is a legal document that allows the transfer of a specific portion of an overriding royalty interest in relation to the depth of oil, gas, or mineral production. This type of assignment is often executed in the context of lease agreements, where the assignor (original owner of the royalty interest) transfers a limited portion of their interest to the assignee (recipient of the interest) while retaining ownership of the remaining depth. Keywords: New Hampshire, Assignment, Overriding Royalty Interest, Limited As to Depth Types of New Hampshire Assignment of Overriding Royalty Interest Limited As to Depth: 1. Conventional Assignment: This type of assignment involves the transfer of a limited overriding royalty interest pertaining to a specific depth of oil, gas, or mineral production. The assignor may specify the depth range explicitly within the assignment agreement. 2. Primary Term Assignment: A primary term assignment refers to the transfer of an overriding royalty interest limited as to depth based on a predetermined duration. This means that the assignee will hold the interest only during the primary term, after which it reverts to the assignor. 3. Perpetual Assignment: In a perpetual assignment, there is no fixed duration attached to the limited overriding royalty interest limited as to depth. The assignee retains the interest indefinitely until they choose to transfer or assign it to another party. 4. Depth-Specific Assignment: This type of assignment focuses on specific depths within a property where the overriding royalty interest will apply. For example, an assignor may limit the assignment to depths between 5,000 and 10,000 feet. 5. Well-Specific Assignment: With a well-specific assignment of overriding royalty interest limited as to depth, the assignor designates certain wells or a specific well from which the overriding royalty interest will be derived. This allows for more targeted ownership arrangements. 6. Fractional Assignment: Fractional assignments involve the transfer of a fraction or percentage of the overriding royalty interest limited as to depth. For instance, an assignor may assign 50% of their royalty interest below 8,000 feet while retaining the remaining 50%. Whether it's a conventional assignment, well-specific assignment, or any other variation, a New Hampshire Assignment of Overriding Royalty Interest Limited As to Depth is a critical legal tool for efficiently managing and transferring interests in oil, gas, or mineral rights. It ensures that both parties' rights are clearly defined and allows for the effective exploration and production of natural resources.

New Hampshire Assignment of Overriding Royalty Interest Limited As to Depth A New Hampshire Assignment of Overriding Royalty Interest Limited As to Depth is a legal document that allows the transfer of a specific portion of an overriding royalty interest in relation to the depth of oil, gas, or mineral production. This type of assignment is often executed in the context of lease agreements, where the assignor (original owner of the royalty interest) transfers a limited portion of their interest to the assignee (recipient of the interest) while retaining ownership of the remaining depth. Keywords: New Hampshire, Assignment, Overriding Royalty Interest, Limited As to Depth Types of New Hampshire Assignment of Overriding Royalty Interest Limited As to Depth: 1. Conventional Assignment: This type of assignment involves the transfer of a limited overriding royalty interest pertaining to a specific depth of oil, gas, or mineral production. The assignor may specify the depth range explicitly within the assignment agreement. 2. Primary Term Assignment: A primary term assignment refers to the transfer of an overriding royalty interest limited as to depth based on a predetermined duration. This means that the assignee will hold the interest only during the primary term, after which it reverts to the assignor. 3. Perpetual Assignment: In a perpetual assignment, there is no fixed duration attached to the limited overriding royalty interest limited as to depth. The assignee retains the interest indefinitely until they choose to transfer or assign it to another party. 4. Depth-Specific Assignment: This type of assignment focuses on specific depths within a property where the overriding royalty interest will apply. For example, an assignor may limit the assignment to depths between 5,000 and 10,000 feet. 5. Well-Specific Assignment: With a well-specific assignment of overriding royalty interest limited as to depth, the assignor designates certain wells or a specific well from which the overriding royalty interest will be derived. This allows for more targeted ownership arrangements. 6. Fractional Assignment: Fractional assignments involve the transfer of a fraction or percentage of the overriding royalty interest limited as to depth. For instance, an assignor may assign 50% of their royalty interest below 8,000 feet while retaining the remaining 50%. Whether it's a conventional assignment, well-specific assignment, or any other variation, a New Hampshire Assignment of Overriding Royalty Interest Limited As to Depth is a critical legal tool for efficiently managing and transferring interests in oil, gas, or mineral rights. It ensures that both parties' rights are clearly defined and allows for the effective exploration and production of natural resources.