New Mexico Assignment of Overriding Royalty Interest with Multiple Leases that are Non-Producing with Reservation of the Right to Pool Description: A New Mexico Assignment of Overriding Royalty Interest with Multiple Leases that are Non-Producing with Reservation of the Right to Pool is a legally-binding agreement between a mineral rights owner (assignor) and an assignee. This agreement grants the assignee an overriding royalty interest in multiple leases within the state of New Mexico, specifically leases that are currently non-producing. Additionally, the assignor reserves the right to pool the leases if deemed necessary. Keywords: — New Mexico Assignment of Overriding Royalty Interest — Multiple Lease— - Non-Producing Leases — Reservation of the Right to Poo— - Mineral Rights Owner — Assignor - Assigne— - Overriding Royalty Interest — Pooling Leases Types of New Mexico Assignment of Overriding Royalty Interest with Multiple Leases that are Non-Producing with Reservation of the Right to Pool: 1. Standard Assignment of Overriding Royalty Interest with Multiple Non-Producing Leases: This type of assignment agreement is commonly used when the mineral rights' owner wishes to assign overriding royalty interests on multiple non-producing leases in New Mexico. The assignor reserves the right to pool these leases in the future. 2. Assignment of Overriding Royalty Interest with Specific Non-Producing Leases: In this type, the assignor specifies the non-producing leases in New Mexico for which the overriding royalty interest is being assigned. The assignor retains the right to pool these leases as needed. 3. New Mexico Assignment of Overriding Royalty Interest with Non-Producing Leases and Special Pooling Rights: This particular assignment agreement includes not only multiple non-producing leases but also grants the assignor special pooling rights over these leases. This means the assignor has the authority to combine or consolidate these leases to optimize oil and gas extraction. 4. Limited New Mexico Assignment of Overriding Royalty Interest with Non-Producing Leases: This variation of the assignment agreement entails granting a limited overriding royalty interest on non-producing leases in New Mexico. The assignor may specify the duration or conditions under which the overriding royalty interest is valid. The assignor also reserves the right to pool as necessary. These are just a few examples of the various types of New Mexico Assignment of Overriding Royalty Interest with Multiple Leases that are Non-Producing with Reservation of the Right to Pool. It is important to consult legal professionals or experts to ensure compliance with state laws and to customize the agreement to suit specific needs and circumstances.
New Mexico Assignment of Overriding Royalty Interest with Multiple Leases that are Non Producing with Reservation of the Right to Pool
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