New Hampshire Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool)

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-940
• Format: Word; Rich Text

Description

This form is an assignment of overriding royalty interest for a non-producing, single lease with reserves the right to pool. A New Hampshire Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) is a legal document that transfers a portion of the royalty interest on a non-producing oil or gas lease in New Hampshire to another party. This assignment allows the assignee to receive a share of the future royalty payments generated by the lease. In this specific type of assignment, the overriding royalty interest is limited to a single lease in New Hampshire. The assignment also reserves the right to pool, meaning that the assignor can combine the leased property with other adjacent properties for more efficient development. The keywords relevant to this topic include: 1. New Hampshire: Refers to the state where the assignment takes place, indicating the jurisdiction and legal framework applicable to the transaction. 2. Assignment: The act of transferring ownership or rights from one party (assignor) to another (assignee) in a legally binding manner. 3. Overriding Royalty Interest: The interest that entitles the assignee to a share of the royalties generated from the lease, usually a percentage of the proceeds. 4. Non-Producing: Describes a lease that is not currently generating oil or gas production. It signifies that the lease is in the exploration or development phase, awaiting production activities. 5. Single Lease: Indicates that the assignment pertains to a specific lease agreement rather than multiple leases. 6. Reserves Right to Pool: The assignment preserves the assignor's right to combine or pool the leased property with adjacent properties, enabling more efficient extraction operations and potentially higher overall returns. It's important to note that these keywords are specific to the mentioned assignment type. There may be other types of New Hampshire Assignment of Overriding Royalty Interest agreements with different variations or additional terms and conditions.

A New Hampshire Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) is a legal document that transfers a portion of the royalty interest on a non-producing oil or gas lease in New Hampshire to another party. This assignment allows the assignee to receive a share of the future royalty payments generated by the lease. In this specific type of assignment, the overriding royalty interest is limited to a single lease in New Hampshire. The assignment also reserves the right to pool, meaning that the assignor can combine the leased property with other adjacent properties for more efficient development. The keywords relevant to this topic include: 1. New Hampshire: Refers to the state where the assignment takes place, indicating the jurisdiction and legal framework applicable to the transaction. 2. Assignment: The act of transferring ownership or rights from one party (assignor) to another (assignee) in a legally binding manner. 3. Overriding Royalty Interest: The interest that entitles the assignee to a share of the royalties generated from the lease, usually a percentage of the proceeds. 4. Non-Producing: Describes a lease that is not currently generating oil or gas production. It signifies that the lease is in the exploration or development phase, awaiting production activities. 5. Single Lease: Indicates that the assignment pertains to a specific lease agreement rather than multiple leases. 6. Reserves Right to Pool: The assignment preserves the assignor's right to combine or pool the leased property with adjacent properties, enabling more efficient extraction operations and potentially higher overall returns. It's important to note that these keywords are specific to the mentioned assignment type. There may be other types of New Hampshire Assignment of Overriding Royalty Interest agreements with different variations or additional terms and conditions.