The New Mexico Assignment of Carried Working Interest is a legal document that pertains to the oil and gas industry. This agreement allows one party, known as the assignor, to transfer their working interest in a particular oil or gas well to another party, known as the assignee. The key feature of this assignment is that the assignee assumes the financial and operational responsibility for the assigned working interest, including the costs associated with drilling, producing, and maintaining the well. There are two main types of New Mexico Assignment of Carried Working Interest. The first type is a partial assignment, where the assignor transfers only a portion of their working interest to the assignee. This is often done to share the financial burden and risks associated with operating the well. The second type is a complete assignment, where the assignor transfers their entire working interest to the assignee. In this case, the assignee becomes the sole owner and operator of the well and assumes all the rights, responsibilities, and liabilities associated with the interest. Keywords: New Mexico, Assignment of Carried Working Interest, oil and gas industry, legal document, assignor, assignee, working interest, drilling, producing, maintaining, financial responsibility, operational responsibility, partial assignment, complete assignment, risks, rights, liabilities, owner, operator.
The New Mexico Assignment of Carried Working Interest is a legal document that pertains to the oil and gas industry. This agreement allows one party, known as the assignor, to transfer their working interest in a particular oil or gas well to another party, known as the assignee. The key feature of this assignment is that the assignee assumes the financial and operational responsibility for the assigned working interest, including the costs associated with drilling, producing, and maintaining the well. There are two main types of New Mexico Assignment of Carried Working Interest. The first type is a partial assignment, where the assignor transfers only a portion of their working interest to the assignee. This is often done to share the financial burden and risks associated with operating the well. The second type is a complete assignment, where the assignor transfers their entire working interest to the assignee. In this case, the assignee becomes the sole owner and operator of the well and assumes all the rights, responsibilities, and liabilities associated with the interest. Keywords: New Mexico, Assignment of Carried Working Interest, oil and gas industry, legal document, assignor, assignee, working interest, drilling, producing, maintaining, financial responsibility, operational responsibility, partial assignment, complete assignment, risks, rights, liabilities, owner, operator.
