This form is used when an Assignor transfers, assigns and conveys to Assignee an overriding royalty interest in all of the oil, gas, and other minerals produced, saved, and marketed from all of the Lands and Leases equal to a determined amount (the Override ), reserving the right to pool the assigned interest.
South Dakota Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form Description: In South Dakota, the Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form is a legal document that outlines the transfer of an overriding royalty interest from one party (Assignor) to another party (Assignee) while allowing the Assignor to retain the right to pool the assigned interest. This assignment agreement typically includes specific provisions and conditions that govern the assignor's reserved rights and the assignee's rights and obligations. Keywords: South Dakota, Assignment of Overriding Royalty Interest, Assignor, Reserves the Right, Pool, Assigned Interest, Short Form Types of South Dakota Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form: 1. Standard Short Form: This is the most common type of South Dakota Assignment of Overriding Royalty Interest when the Assignor reserves the right to pool their assigned interest. It follows the standard format and includes all necessary provisions and clauses to ensure a valid transfer of the overriding royalty interest. 2. Customizable Short Form: This type of assignment allows parties involved to modify and tailor the document according to their specific needs and requirements. It provides flexibility in terms of adding or removing clauses while still adhering to the legal framework governing overriding royalty interests in South Dakota. 3. Limited Pooling Rights Short Form: This variant of the South Dakota Assignment of Overriding Royalty Interest allows the Assignor to reserve limited rights to pool the assigned interest. This means that the assignor retains the right to combine their interest with other parcels up to a certain limit, as specified in the agreement. 4. Production Allocation Short Form: This type of assignment focuses on the allocation of production from pooled interests. It includes provisions that outline how production will be distributed and shared among multiple owners when the assignor exercises their pooling rights. 5. Joint Assignment and Pooling Agreement: In certain cases, parties may choose to combine the assignment and pooling agreement into a single comprehensive document. This type of agreement includes provisions related to the transfer of overriding royalty interest as well as the assignor's right to pool their assigned interest. Note: The availability and specific terminology of various types of South Dakota Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form may vary depending on the legal context and individual circumstances. It is advisable to consult with legal professionals or utilize authorized templates to ensure compliance with South Dakota laws and regulations.South Dakota Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form Description: In South Dakota, the Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form is a legal document that outlines the transfer of an overriding royalty interest from one party (Assignor) to another party (Assignee) while allowing the Assignor to retain the right to pool the assigned interest. This assignment agreement typically includes specific provisions and conditions that govern the assignor's reserved rights and the assignee's rights and obligations. Keywords: South Dakota, Assignment of Overriding Royalty Interest, Assignor, Reserves the Right, Pool, Assigned Interest, Short Form Types of South Dakota Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form: 1. Standard Short Form: This is the most common type of South Dakota Assignment of Overriding Royalty Interest when the Assignor reserves the right to pool their assigned interest. It follows the standard format and includes all necessary provisions and clauses to ensure a valid transfer of the overriding royalty interest. 2. Customizable Short Form: This type of assignment allows parties involved to modify and tailor the document according to their specific needs and requirements. It provides flexibility in terms of adding or removing clauses while still adhering to the legal framework governing overriding royalty interests in South Dakota. 3. Limited Pooling Rights Short Form: This variant of the South Dakota Assignment of Overriding Royalty Interest allows the Assignor to reserve limited rights to pool the assigned interest. This means that the assignor retains the right to combine their interest with other parcels up to a certain limit, as specified in the agreement. 4. Production Allocation Short Form: This type of assignment focuses on the allocation of production from pooled interests. It includes provisions that outline how production will be distributed and shared among multiple owners when the assignor exercises their pooling rights. 5. Joint Assignment and Pooling Agreement: In certain cases, parties may choose to combine the assignment and pooling agreement into a single comprehensive document. This type of agreement includes provisions related to the transfer of overriding royalty interest as well as the assignor's right to pool their assigned interest. Note: The availability and specific terminology of various types of South Dakota Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form may vary depending on the legal context and individual circumstances. It is advisable to consult with legal professionals or utilize authorized templates to ensure compliance with South Dakota laws and regulations.
