New York Assignment of Overriding Royalty Interest by Working Interest Owner, Single Lease, Stated Percentage

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-287
• 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. A New York Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage refers to a legal document that allows a working interest owner to assign a portion of their royalty interest to another party. This assignment enables the assignee to receive a percentage of the royalties generated from a specific lease in the state of New York. In New York, there are several types of Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage. These may include: 1. Oil and Gas Assignment: This type of assignment specifically deals with the assignment of overriding royalty interest related to oil and gas leases in New York. It allows the assignee to receive a stated percentage of the royalties generated from the production and sale of oil and gas. 2. Mineral Rights Assignment: This type of assignment focuses on the assigning of overriding royalty interest related to mineral rights leases in New York. The assignee will be entitled to a certain percentage of the royalties derived from the extraction and sale of minerals on the leased property. 3. Offshore Lease Assignment: This variant includes the assignment of overriding royalty interest for leases located offshore in the waters of New York. It grants the assignee a designated percentage of the royalties earned from the exploration and production activities undertaken in these maritime areas. 4. Renewable Energy Lease Assignment: With the increasing focus on clean energy sources, this type of assignment pertains to overriding royalty interest associated with renewable energy leases in New York. It permits the assignee to receive a stated percentage of the royalties generated from the production and sale of renewable energy, such as wind or solar power, on the leasehold. Regardless of the specific type, a New York Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage will generally contain essential information. This information typically includes the names and contact details of the working interest owner (assignor) and the assignee, a detailed legal description of the assigned lease premises, the stated percentage of the overriding royalty interest being assigned, and any specific terms or conditions regarding the assignment. These assignments play a vital role in the oil, gas, minerals, and renewable energy industries, enabling working interest owners to monetize their interests by assigning a portion of the royalty income to other parties. It serves as a means of diversification, risk-sharing, and maximizing the value of the underlying lease.

A New York Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage refers to a legal document that allows a working interest owner to assign a portion of their royalty interest to another party. This assignment enables the assignee to receive a percentage of the royalties generated from a specific lease in the state of New York. In New York, there are several types of Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage. These may include: 1. Oil and Gas Assignment: This type of assignment specifically deals with the assignment of overriding royalty interest related to oil and gas leases in New York. It allows the assignee to receive a stated percentage of the royalties generated from the production and sale of oil and gas. 2. Mineral Rights Assignment: This type of assignment focuses on the assigning of overriding royalty interest related to mineral rights leases in New York. The assignee will be entitled to a certain percentage of the royalties derived from the extraction and sale of minerals on the leased property. 3. Offshore Lease Assignment: This variant includes the assignment of overriding royalty interest for leases located offshore in the waters of New York. It grants the assignee a designated percentage of the royalties earned from the exploration and production activities undertaken in these maritime areas. 4. Renewable Energy Lease Assignment: With the increasing focus on clean energy sources, this type of assignment pertains to overriding royalty interest associated with renewable energy leases in New York. It permits the assignee to receive a stated percentage of the royalties generated from the production and sale of renewable energy, such as wind or solar power, on the leasehold. Regardless of the specific type, a New York Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage will generally contain essential information. This information typically includes the names and contact details of the working interest owner (assignor) and the assignee, a detailed legal description of the assigned lease premises, the stated percentage of the overriding royalty interest being assigned, and any specific terms or conditions regarding the assignment. These assignments play a vital role in the oil, gas, minerals, and renewable energy industries, enabling working interest owners to monetize their interests by assigning a portion of the royalty income to other parties. It serves as a means of diversification, risk-sharing, and maximizing the value of the underlying lease.