Oregon 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. An Oregon Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage refers to a legal document that allows a working interest owner (the assignor) in an oil, gas, or mineral lease to transfer a portion of their overriding royalty interest to another party (the assignee) in the state of Oregon. This assignment can occur based on a stated percentage, specifying the exact portion of the overriding royalty interest being transferred. Keywords: Oregon, Assignment, Overriding Royalty Interest, Working Interest Owner, Single Lease, Stated Percentage There may be different types or variations of the Oregon Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage, depending on specific circumstances or requirements. These could include: 1. Partial Assignment: This type of assignment occurs when the working interest owner transfers only a portion of their overriding royalty interest, maintaining a percentage for themselves while assigning the remaining percentage to the assignee. 2. Full Assignment: In this type of assignment, the working interest owner transfers their entire overriding royalty interest to the assignee, relinquishing all rights and benefits associated with it. 3. Specific Lease Assignment: This variation of the assignment refers to when the overriding royalty interest being transferred is tied to a specific lease, rather than a general assignment covering multiple leases. 4. Variable Percentage Assignment: Sometimes, an assignment may involve a variable percentage of the overriding royalty interest. This means that the assigned percentage could change over time or depending on certain conditions. 5. Temporary Assignment: This type of assignment may involve the temporary transfer of the overriding royalty interest for a specific duration, after which the interest reverts to the original working interest owner. 6. Assignment with Conditions: In certain cases, an assignment may include specific conditions or terms that need to be met for the transfer of overriding royalty interest to take effect. It is important to consult legal professionals or experts in Oregon's oil, gas, and mineral rights laws to understand the specific requirements and variations of the Oregon Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage and to ensure compliance with applicable regulations.

An Oregon Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage refers to a legal document that allows a working interest owner (the assignor) in an oil, gas, or mineral lease to transfer a portion of their overriding royalty interest to another party (the assignee) in the state of Oregon. This assignment can occur based on a stated percentage, specifying the exact portion of the overriding royalty interest being transferred. Keywords: Oregon, Assignment, Overriding Royalty Interest, Working Interest Owner, Single Lease, Stated Percentage There may be different types or variations of the Oregon Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage, depending on specific circumstances or requirements. These could include: 1. Partial Assignment: This type of assignment occurs when the working interest owner transfers only a portion of their overriding royalty interest, maintaining a percentage for themselves while assigning the remaining percentage to the assignee. 2. Full Assignment: In this type of assignment, the working interest owner transfers their entire overriding royalty interest to the assignee, relinquishing all rights and benefits associated with it. 3. Specific Lease Assignment: This variation of the assignment refers to when the overriding royalty interest being transferred is tied to a specific lease, rather than a general assignment covering multiple leases. 4. Variable Percentage Assignment: Sometimes, an assignment may involve a variable percentage of the overriding royalty interest. This means that the assigned percentage could change over time or depending on certain conditions. 5. Temporary Assignment: This type of assignment may involve the temporary transfer of the overriding royalty interest for a specific duration, after which the interest reverts to the original working interest owner. 6. Assignment with Conditions: In certain cases, an assignment may include specific conditions or terms that need to be met for the transfer of overriding royalty interest to take effect. It is important to consult legal professionals or experts in Oregon's oil, gas, and mineral rights laws to understand the specific requirements and variations of the Oregon Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage and to ensure compliance with applicable regulations.