South Carolina Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool)

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-940
• Format: Word; Rich Text

Description

This form is an assignment of overriding royalty interest for a non-producing, single lease with reserves the right to pool. A South Carolina Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) is a legal document that transfers the ownership of a portion of the royalty interest associated with a non-producing oil or gas lease in South Carolina. This type of assignment allows the assignee to receive a share of the revenue generated from the leased property once it starts producing. The assignment specifically defines the terms and conditions of the overriding royalty interest, including the percentage of royalty interest being transferred, the effective date of the assignment, and any limitations on the assignee's rights. It also ensures that the assignor retains the right to pool or combine the leased property with adjacent properties if necessary for future production. Keywords: South Carolina, Assignment, Overriding Royalty Interest, Non-Producing, Single Lease, Pooling, Royalty, Oil, Gas, Revenue, Producing. Different types of South Carolina Assignment of Overriding Royalty Interest may include variations based on specific lease terms, such as: 1. South Carolina Assignment of Overriding Royalty Interest (Non-Producing, Multiple Lease, Reserves Right to Pool): This type of assignment pertains to a non-producing lease that covers multiple properties or parcels of land. It reserves the assignor's right to pool or combine these leased properties for future production. 2. South Carolina Assignment of Overriding Royalty Interest (Producing, Single Lease, Reserves Right to Pool): This assignment type focuses on an oil or gas lease that is already in production. It allows the assignee to acquire a share of the royalty interest, while the assignor retains the right to pool or combine the leased property for further production optimization. 3. South Carolina Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, No Right to Pool): This assignment type is similar to the original description but does not permit pooling. This means that the assignor does not reserve the right to combine the leased property with adjacent properties for future production purposes. 4. South Carolina Assignment of Overriding Royalty Interest (Producing, Multiple Lease, Reserves Right to Pool): This assignment concerns multiple producing leases and enables the assignor to pool or combine these leased properties to enhance production efficiency. The assignee receives a share of the overriding royalty interest from all the leases involved. By utilizing a South Carolina Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) or its variations, parties involved in oil and gas leases can effectively transfer or acquire a portion of the royalty interest, considering the specific circumstances and preferences of the situation.

A South Carolina Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) is a legal document that transfers the ownership of a portion of the royalty interest associated with a non-producing oil or gas lease in South Carolina. This type of assignment allows the assignee to receive a share of the revenue generated from the leased property once it starts producing. The assignment specifically defines the terms and conditions of the overriding royalty interest, including the percentage of royalty interest being transferred, the effective date of the assignment, and any limitations on the assignee's rights. It also ensures that the assignor retains the right to pool or combine the leased property with adjacent properties if necessary for future production. Keywords: South Carolina, Assignment, Overriding Royalty Interest, Non-Producing, Single Lease, Pooling, Royalty, Oil, Gas, Revenue, Producing. Different types of South Carolina Assignment of Overriding Royalty Interest may include variations based on specific lease terms, such as: 1. South Carolina Assignment of Overriding Royalty Interest (Non-Producing, Multiple Lease, Reserves Right to Pool): This type of assignment pertains to a non-producing lease that covers multiple properties or parcels of land. It reserves the assignor's right to pool or combine these leased properties for future production. 2. South Carolina Assignment of Overriding Royalty Interest (Producing, Single Lease, Reserves Right to Pool): This assignment type focuses on an oil or gas lease that is already in production. It allows the assignee to acquire a share of the royalty interest, while the assignor retains the right to pool or combine the leased property for further production optimization. 3. South Carolina Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, No Right to Pool): This assignment type is similar to the original description but does not permit pooling. This means that the assignor does not reserve the right to combine the leased property with adjacent properties for future production purposes. 4. South Carolina Assignment of Overriding Royalty Interest (Producing, Multiple Lease, Reserves Right to Pool): This assignment concerns multiple producing leases and enables the assignor to pool or combine these leased properties to enhance production efficiency. The assignee receives a share of the overriding royalty interest from all the leases involved. By utilizing a South Carolina Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) or its variations, parties involved in oil and gas leases can effectively transfer or acquire a portion of the royalty interest, considering the specific circumstances and preferences of the situation.