Oregon Assignment of Overriding Royalty Interest Limited As to Depth

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-290
• 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, which is limited to depth. Oregon Assignment of Overriding Royalty Interest Limited As to Depth is a legal document that pertains to the transfer of rights to receive royalty payments from oil and gas production on a particular property. This assignment is limited in that it only applies to a specific depth or depths within the property. Keywords: Oregon, assignment, overriding royalty interest, limited, depth, royalty payments, oil and gas production. There are different types of Oregon Assignment of Overriding Royalty Interest Limited As to Depth, including: 1. Horizontal Depth Assignment: This type of assignment limits the rights to receive royalty payments to a specific horizontal depth within the property. It ensures that the assignee only receives royalties from the designated depth, regardless of the overall production of the property. 2. Vertical Depth Assignment: In this case, the assignment restricts the rights to a particular vertical depth within the property. The assignee will only receive royalty payments from oil and gas production occurring at or below the specified depth. 3. Multiple Depth Assignment: This type of assignment allows for multiple specified depths within the property. The assignee will receive royalty payments for oil and gas production occurring at or below each designated depth. 4. Limited Depth Assignment: A limited depth assignment restricts the rights to receive royalty payments only to a portion of the overall depth range of the property. The assignee will not be entitled to royalties from oil and gas production outside the specified limited depth range. It is crucial for all involved parties to carefully review the terms and conditions outlined in the Oregon Assignment of Overriding Royalty Interest Limited As to Depth. The document should detail the specific depths, boundaries, and any relevant limitations or exclusions associated with the assignment. It is recommended to consult with a legal professional specializing in oil and gas transactions to ensure adequate understanding and protection of rights.

Oregon Assignment of Overriding Royalty Interest Limited As to Depth is a legal document that pertains to the transfer of rights to receive royalty payments from oil and gas production on a particular property. This assignment is limited in that it only applies to a specific depth or depths within the property. Keywords: Oregon, assignment, overriding royalty interest, limited, depth, royalty payments, oil and gas production. There are different types of Oregon Assignment of Overriding Royalty Interest Limited As to Depth, including: 1. Horizontal Depth Assignment: This type of assignment limits the rights to receive royalty payments to a specific horizontal depth within the property. It ensures that the assignee only receives royalties from the designated depth, regardless of the overall production of the property. 2. Vertical Depth Assignment: In this case, the assignment restricts the rights to a particular vertical depth within the property. The assignee will only receive royalty payments from oil and gas production occurring at or below the specified depth. 3. Multiple Depth Assignment: This type of assignment allows for multiple specified depths within the property. The assignee will receive royalty payments for oil and gas production occurring at or below each designated depth. 4. Limited Depth Assignment: A limited depth assignment restricts the rights to receive royalty payments only to a portion of the overall depth range of the property. The assignee will not be entitled to royalties from oil and gas production outside the specified limited depth range. It is crucial for all involved parties to carefully review the terms and conditions outlined in the Oregon Assignment of Overriding Royalty Interest Limited As to Depth. The document should detail the specific depths, boundaries, and any relevant limitations or exclusions associated with the assignment. It is recommended to consult with a legal professional specializing in oil and gas transactions to ensure adequate understanding and protection of rights.