This provision provides for the assignor to except from this assignment and reserve an overriding royalty interest of all oil, gas, casinghead gas, and other minerals that may be produced from the lands under the terms of the Leases that are the subject of this assignment.
New Hampshire Reservation of Overriding Royalty Interest is a legal term that refers to the specific rights granted to individuals or parties in relation to mineral exploration and extraction on a property in the state of New Hampshire. This interest allows these individuals or parties to receive a percentage of the revenue generated from the mineral rights, even if they are not the actual owners of the property. Keywords: New Hampshire, Reservation of Overriding Royalty Interest, mineral exploration, mineral extraction, property rights, revenue, mineral rights. There are different types of New Hampshire Reservation of Overriding Royalty Interest, and they include: 1. Non-participating Royalty Interest (NPR): This type of reservation allows the holder of the interest to receive a portion of the royalty payments, but they do not have the right to explore, lease, or participate in the mineral extraction process directly. 2. Participating Royalty Interest (PRI): Unlike NPR, this type of reservation grants the holder not only a percentage of the royalty payments but also the right to actively participate in the exploration and extraction activities. 3. Temporary Royalty Interest: This type of reservation is granted for a specific period or until certain conditions are met. It allows the holder to receive a royalty payment for a fixed period or until a certain amount of revenue is generated. 4. Permanent Royalty Interest: As the name suggests, this type of reservation grants the holder a perpetual right to receive royalty payments for as long as mineral extraction operations occur on the property. This interest remains intact even if the property ownership changes over time. It is important to note that the specific terms and conditions of a New Hampshire Reservation of Overriding Royalty Interest can vary depending on the legal agreements made between the parties involved.New Hampshire Reservation of Overriding Royalty Interest is a legal term that refers to the specific rights granted to individuals or parties in relation to mineral exploration and extraction on a property in the state of New Hampshire. This interest allows these individuals or parties to receive a percentage of the revenue generated from the mineral rights, even if they are not the actual owners of the property. Keywords: New Hampshire, Reservation of Overriding Royalty Interest, mineral exploration, mineral extraction, property rights, revenue, mineral rights. There are different types of New Hampshire Reservation of Overriding Royalty Interest, and they include: 1. Non-participating Royalty Interest (NPR): This type of reservation allows the holder of the interest to receive a portion of the royalty payments, but they do not have the right to explore, lease, or participate in the mineral extraction process directly. 2. Participating Royalty Interest (PRI): Unlike NPR, this type of reservation grants the holder not only a percentage of the royalty payments but also the right to actively participate in the exploration and extraction activities. 3. Temporary Royalty Interest: This type of reservation is granted for a specific period or until certain conditions are met. It allows the holder to receive a royalty payment for a fixed period or until a certain amount of revenue is generated. 4. Permanent Royalty Interest: As the name suggests, this type of reservation grants the holder a perpetual right to receive royalty payments for as long as mineral extraction operations occur on the property. This interest remains intact even if the property ownership changes over time. It is important to note that the specific terms and conditions of a New Hampshire Reservation of Overriding Royalty Interest can vary depending on the legal agreements made between the parties involved.
