New Mexico Assignment of Overriding Royalty Interest - Short Form

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-031
• Format: Word; Rich Text

Description

This form is used by the Assignor to transfer, assign, and convey to Assignee all of Assignor's overriding royalty interest in a Lease and all oil, gas and other minerals produced, saved and sold from the Lease and Land. New Mexico Assignment of Overriding Royalty Interest — Short Form is a legal document used in the energy and natural resources industry to transfer ownership of overriding royalty interests (ORI's) in New Mexico. ORI's are the rights to a portion of the revenue generated from the production and sale of oil, gas, or mineral resources from a specific property or lease. This short-form assignment is designed to simplify the transfer process by providing a concise and efficient method for assigning these interests. It contains key details such as the names of the assignor (current interest holder) and the assignee (new interest holder), the property or lease identification, and the specific percentage or fraction of ORI's being transferred. Keywords: New Mexico, Assignment of Overriding Royalty Interest, Short Form, energy industry, natural resources, transfer ownership, overriding royalty interests, revenue, production, sale, oil, gas, mineral resources, property, lease, assignor, assignee, percentage, fraction, transfer process. Different types/forms of New Mexico Assignment of Overriding Royalty Interest — Short Form may include: 1. Individual Assignment: This form is used when an individual owner of ORI's wants to transfer their interests to another individual or entity. 2. Corporate Assignment: This type of short-form assignment is employed when a corporation or company intends to transfer its overriding royalty interests to another entity. 3. Partial Assignment: This form is used when only a portion of the ORI's is being transferred, allowing the assignor to retain ownership of the remaining interest. 4. Temporary Assignment: In certain cases, an overriding royalty interest may be temporarily assigned, usually for a specific period or until certain conditions are met. 5. Permanent Assignment: This type of assignment represents a permanent transfer of overriding royalty interests, with no provisions for reversion or temporary control. 6. Multiple Property Assignment: When an assignor owns ORI's in multiple properties or leases, this form allows for the transfer of interests in more than one property in a single transaction. Keywords: Individual Assignment, Corporate Assignment, Partial Assignment, Temporary Assignment, Permanent Assignment, Multiple Property Assignment, ORI's, short-form assignment, transfer interests, property, lease, assignor, assignee, ownership, temporary control, reversion, transaction.

New Mexico Assignment of Overriding Royalty Interest — Short Form is a legal document used in the energy and natural resources industry to transfer ownership of overriding royalty interests (ORI's) in New Mexico. ORI's are the rights to a portion of the revenue generated from the production and sale of oil, gas, or mineral resources from a specific property or lease. This short-form assignment is designed to simplify the transfer process by providing a concise and efficient method for assigning these interests. It contains key details such as the names of the assignor (current interest holder) and the assignee (new interest holder), the property or lease identification, and the specific percentage or fraction of ORI's being transferred. Keywords: New Mexico, Assignment of Overriding Royalty Interest, Short Form, energy industry, natural resources, transfer ownership, overriding royalty interests, revenue, production, sale, oil, gas, mineral resources, property, lease, assignor, assignee, percentage, fraction, transfer process. Different types/forms of New Mexico Assignment of Overriding Royalty Interest — Short Form may include: 1. Individual Assignment: This form is used when an individual owner of ORI's wants to transfer their interests to another individual or entity. 2. Corporate Assignment: This type of short-form assignment is employed when a corporation or company intends to transfer its overriding royalty interests to another entity. 3. Partial Assignment: This form is used when only a portion of the ORI's is being transferred, allowing the assignor to retain ownership of the remaining interest. 4. Temporary Assignment: In certain cases, an overriding royalty interest may be temporarily assigned, usually for a specific period or until certain conditions are met. 5. Permanent Assignment: This type of assignment represents a permanent transfer of overriding royalty interests, with no provisions for reversion or temporary control. 6. Multiple Property Assignment: When an assignor owns ORI's in multiple properties or leases, this form allows for the transfer of interests in more than one property in a single transaction. Keywords: Individual Assignment, Corporate Assignment, Partial Assignment, Temporary Assignment, Permanent Assignment, Multiple Property Assignment, ORI's, short-form assignment, transfer interests, property, lease, assignor, assignee, ownership, temporary control, reversion, transaction.