New Jersey 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. The New Jersey Assignment of Overriding Royalty Interest Limited As to Depth is a legal document that pertains to the transfer of a limited interest in the royalty payments from oil or gas production. This type of assignment specifically focuses on limitations related to the depth or layer of the assigned interest. It is important to understand the various types of New Jersey Assignment of Overriding Royalty Interest Limited As to Depth, which include the following: 1. Horizontal Limitation: This type of assignment limits the overriding royalty interest to a specific depth or layer of the oil or gas reservoir. It ensures that the assigned interest only applies to the production activities within that particular depth range. 2. Vertical Limitation: This variation of the assignment limits the overriding royalty interest to a particular vertical section within the oil or gas reservoir. The assigned interest is restricted to the specified depth range and does not extend beyond it. 3. Depth Range Limitation: This type of assignment restricts the overriding royalty interest to a specific depth range within the oil or gas reservoir. It ensures that the assigned interest only applies to the production activities within that particular depth range, providing a range of potential depths for the interest to apply. 4. Formation-Specific Limitation: This variation of the assignment limits the overriding royalty interest to a particular geologic formation within the oil or gas reservoir. It specifies that the assigned interest is limited to the production activities within that specific formation and does not extend beyond it. 5. Layer-Specific Limitation: In this type of assignment, the overriding royalty interest is limited to a particular layer or stratigraphic unit within the oil or gas reservoir. It ensures that the assigned interest only applies to the production activities within that specific layer. The New Jersey Assignment of Overriding Royalty Interest Limited As to Depth serves as an important legal tool to ensure that the assignment of royalty interests is clearly defined and limited according to specified depth, vertical section, formation, or layer. It provides protection for both the assignor and assignee by setting boundaries for the assigned interest, ensuring that it does not encroach upon other interests or exceed the desired depth or layer restriction.

The New Jersey Assignment of Overriding Royalty Interest Limited As to Depth is a legal document that pertains to the transfer of a limited interest in the royalty payments from oil or gas production. This type of assignment specifically focuses on limitations related to the depth or layer of the assigned interest. It is important to understand the various types of New Jersey Assignment of Overriding Royalty Interest Limited As to Depth, which include the following: 1. Horizontal Limitation: This type of assignment limits the overriding royalty interest to a specific depth or layer of the oil or gas reservoir. It ensures that the assigned interest only applies to the production activities within that particular depth range. 2. Vertical Limitation: This variation of the assignment limits the overriding royalty interest to a particular vertical section within the oil or gas reservoir. The assigned interest is restricted to the specified depth range and does not extend beyond it. 3. Depth Range Limitation: This type of assignment restricts the overriding royalty interest to a specific depth range within the oil or gas reservoir. It ensures that the assigned interest only applies to the production activities within that particular depth range, providing a range of potential depths for the interest to apply. 4. Formation-Specific Limitation: This variation of the assignment limits the overriding royalty interest to a particular geologic formation within the oil or gas reservoir. It specifies that the assigned interest is limited to the production activities within that specific formation and does not extend beyond it. 5. Layer-Specific Limitation: In this type of assignment, the overriding royalty interest is limited to a particular layer or stratigraphic unit within the oil or gas reservoir. It ensures that the assigned interest only applies to the production activities within that specific layer. The New Jersey Assignment of Overriding Royalty Interest Limited As to Depth serves as an important legal tool to ensure that the assignment of royalty interests is clearly defined and limited according to specified depth, vertical section, formation, or layer. It provides protection for both the assignor and assignee by setting boundaries for the assigned interest, ensuring that it does not encroach upon other interests or exceed the desired depth or layer restriction.