Ohio 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. Ohio Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a legal document used in the oil and gas industry. It involves the transfer of a specified percentage of the overriding royalty interest from the working interest owner to another party in relation to a single lease in Ohio. In this type of assignment, the working interest owner grants a portion of their overriding royalty interest to another party, known as the assignee. However, it is important to note that the working interest owner retains their working interest in the lease, meaning they still have the right to participate in and bear the costs of drilling and operations. The assignment typically includes relevant keywords such as Ohio, assignment, overriding royalty interest, working interest owner, single lease, and stated percentage. These keywords help in accurately describing the purpose and scope of the document, making it easier for individuals involved in the oil and gas industry to understand and navigate its content. Different types of Ohio Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage can be named based on the parties involved or the specific terms and conditions of the assignment. Some possible variations may include: 1. Ohio Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage — Corporate Assignment: This type of assignment involves a working interest owner who is a corporation, transferring a stated percentage of their overriding royalty interest to another party. 2. Ohio Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage — Individual Assignment: In this case, a working interest owner who is an individual grants a stated percentage of their overriding royalty interest to the assignee. 3. Ohio Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage — Enhanced Percentage Assignment: This type of assignment may involve an increased stated percentage of the overriding royalty interest being transferred, providing the assignee with a greater share of the royalties generated from the lease. Regardless of the specific type, all Ohio Assignments of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage serve to outline the terms and conditions of the transfer, including the percentage being assigned, payment arrangements, and any additional provisions or restrictions agreed upon by the parties involved.

Ohio Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a legal document used in the oil and gas industry. It involves the transfer of a specified percentage of the overriding royalty interest from the working interest owner to another party in relation to a single lease in Ohio. In this type of assignment, the working interest owner grants a portion of their overriding royalty interest to another party, known as the assignee. However, it is important to note that the working interest owner retains their working interest in the lease, meaning they still have the right to participate in and bear the costs of drilling and operations. The assignment typically includes relevant keywords such as Ohio, assignment, overriding royalty interest, working interest owner, single lease, and stated percentage. These keywords help in accurately describing the purpose and scope of the document, making it easier for individuals involved in the oil and gas industry to understand and navigate its content. Different types of Ohio Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage can be named based on the parties involved or the specific terms and conditions of the assignment. Some possible variations may include: 1. Ohio Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage — Corporate Assignment: This type of assignment involves a working interest owner who is a corporation, transferring a stated percentage of their overriding royalty interest to another party. 2. Ohio Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage — Individual Assignment: In this case, a working interest owner who is an individual grants a stated percentage of their overriding royalty interest to the assignee. 3. Ohio Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage — Enhanced Percentage Assignment: This type of assignment may involve an increased stated percentage of the overriding royalty interest being transferred, providing the assignee with a greater share of the royalties generated from the lease. Regardless of the specific type, all Ohio Assignments of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage serve to outline the terms and conditions of the transfer, including the percentage being assigned, payment arrangements, and any additional provisions or restrictions agreed upon by the parties involved.