South Dakota 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. South Dakota Assignment of Overriding Royalty Interest Limited As to Depth refers to a legal document that grants a person or entity the right to receive a percentage of the revenue generated from the production of natural resources, such as oil and gas, in South Dakota. This assignment, however, is limited as it only applies to a specific depth below the surface. The South Dakota Assignment of Overriding Royalty Interest Limited As to Depth is a crucial agreement in the oil and gas industry as it allows an individual or company to acquire an interest in the profits derived from the extraction of resources. By holding an overriding royalty interest, the assignee gains the right to receive a percentage of the revenue generated from the oil and gas produced specifically from the assigned depth limit. Keywords: South Dakota, Assignment, Overriding Royalty Interest, Limited, Depth, Natural resources, Oil, Gas, Extraction, Revenue, Profit. Types of South Dakota Assignment of Overriding Royalty Interest Limited As to Depth: 1. Conventional Assignment: This type of assignment is based on the traditional approach to oil and gas exploration and production. It grants the assignee a limited overriding royalty interest for a specific depth, as defined in the agreement. 2. Unconventional Assignment: In cases where unconventional methods, such as hydraulic fracturing (fracking), are used to extract oil and gas, there may be a need for a specialized assignment. This type of assignment is designed to account for the unique characteristics and challenges associated with unconventional oil and gas operations in South Dakota. 3. Multi-Depth Assignment: Sometimes, assignments may cover multiple depths rather than just one. In such cases, the agreement will define the range of depths included in the overriding royalty interest, ensuring that the assignee receives a percentage of revenue from all production within that range. 4. Time-Limited Assignment: Some assignments may have a specific time duration during which the overriding royalty interest is valid. This type of assignment ensures that the assignee's rights are protected for a set period, after which the interest could possibly revert to the assignor or expire altogether. 5. Exclusionary Depth Assignment: Occasionally, assignments may be limited to exclude specific depths rather than including them. In such cases, the agreement will define the depth range not covered, emphasizing that no overriding royalty interest will be granted for resources extracted from those depths. In summary, the South Dakota Assignment of Overriding Royalty Interest Limited As to Depth is an essential legal document that enables individuals or entities to acquire a percentage of revenue generated from the extraction of natural resources, such as oil and gas, from specific depths within South Dakota. Various types of assignments exist to cater to different operational scenarios and terms, ensuring the assignee's rights and interests are adequately addressed.

South Dakota Assignment of Overriding Royalty Interest Limited As to Depth refers to a legal document that grants a person or entity the right to receive a percentage of the revenue generated from the production of natural resources, such as oil and gas, in South Dakota. This assignment, however, is limited as it only applies to a specific depth below the surface. The South Dakota Assignment of Overriding Royalty Interest Limited As to Depth is a crucial agreement in the oil and gas industry as it allows an individual or company to acquire an interest in the profits derived from the extraction of resources. By holding an overriding royalty interest, the assignee gains the right to receive a percentage of the revenue generated from the oil and gas produced specifically from the assigned depth limit. Keywords: South Dakota, Assignment, Overriding Royalty Interest, Limited, Depth, Natural resources, Oil, Gas, Extraction, Revenue, Profit. Types of South Dakota Assignment of Overriding Royalty Interest Limited As to Depth: 1. Conventional Assignment: This type of assignment is based on the traditional approach to oil and gas exploration and production. It grants the assignee a limited overriding royalty interest for a specific depth, as defined in the agreement. 2. Unconventional Assignment: In cases where unconventional methods, such as hydraulic fracturing (fracking), are used to extract oil and gas, there may be a need for a specialized assignment. This type of assignment is designed to account for the unique characteristics and challenges associated with unconventional oil and gas operations in South Dakota. 3. Multi-Depth Assignment: Sometimes, assignments may cover multiple depths rather than just one. In such cases, the agreement will define the range of depths included in the overriding royalty interest, ensuring that the assignee receives a percentage of revenue from all production within that range. 4. Time-Limited Assignment: Some assignments may have a specific time duration during which the overriding royalty interest is valid. This type of assignment ensures that the assignee's rights are protected for a set period, after which the interest could possibly revert to the assignor or expire altogether. 5. Exclusionary Depth Assignment: Occasionally, assignments may be limited to exclude specific depths rather than including them. In such cases, the agreement will define the depth range not covered, emphasizing that no overriding royalty interest will be granted for resources extracted from those depths. In summary, the South Dakota Assignment of Overriding Royalty Interest Limited As to Depth is an essential legal document that enables individuals or entities to acquire a percentage of revenue generated from the extraction of natural resources, such as oil and gas, from specific depths within South Dakota. Various types of assignments exist to cater to different operational scenarios and terms, ensuring the assignee's rights and interests are adequately addressed.