Tennessee Assignment of Production Payment Measured by Value Received

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-294
• Format: Word; Rich Text

Description

This form is used when Assignor transfers, assigns, and conveys to Assignee a production payment measureed by value. The Tennessee Assignment of Production Payment Measured by Value Received is a legal agreement that involves the transfer of a portion of the production payment received by a producer or working interest owner in an oil, gas, or other mineral property. This assignment allows the assignor (the party transferring the payment) to assign a specified percentage or portion of their production payment to the assignee (the party receiving the assignment) in exchange for a predetermined value or consideration. In essence, the assignment is a financial arrangement where the assignee obtains a right to a certain share of the production revenue generated by the oil, gas, or mineral property. This type of assignment is common in the energy industry and can provide the assignee with a steady stream of income from the production of the assigned property. Different types of Tennessee Assignment of Production Payment Measured by Value Received may include: 1. Fixed Percentage Assignment: This type of assignment involves the transfer of a specific percentage of the production payment to the assignee. For example, if the assignor's production payment is $10,000 per month, and they assign 50% of it, the assignee will receive a payment of $5,000 per month. 2. Fixed Amount Assignment: In this scenario, the assignor assigns a specific amount of their production payment to the assignee. For instance, if the assignor's production payment is $10,000 per month, and they assign $2,000, the assignee will receive a payment of $2,000 each month. 3. Cumulative Assignment: This type of assignment allows the assignee to accumulate their assigned payments over a certain period. For example, if the assignee's assigned payment is $5,000 per month and the assignor fails to generate production in a specific month, the assignee can accumulate the unpaid amount and receive it in later months once production resumes. 4. Fixed Term Assignment: In some cases, the assignment is done for a fixed period rather than being indefinite. This means that the assignee will receive the assigned payment only for a specific timeframe, after which the assignment terminates. 5. Rolling Assignment: This assignment type allows the assignor to transfer a percentage or a specific amount of their production payment periodically, usually on a monthly or quarterly basis. The assignee receives their assigned payment regularly, providing them with a predictable income stream. Overall, the Tennessee Assignment of Production Payment Measured by Value Received is a contractual agreement that enables the assignee to receive a portion of the production payment generated by a mineral property in exchange for a predetermined value. It offers a financial arrangement for assignors and assignees to benefit from the production revenue while providing a level of flexibility in terms of the assignment structure.

The Tennessee Assignment of Production Payment Measured by Value Received is a legal agreement that involves the transfer of a portion of the production payment received by a producer or working interest owner in an oil, gas, or other mineral property. This assignment allows the assignor (the party transferring the payment) to assign a specified percentage or portion of their production payment to the assignee (the party receiving the assignment) in exchange for a predetermined value or consideration. In essence, the assignment is a financial arrangement where the assignee obtains a right to a certain share of the production revenue generated by the oil, gas, or mineral property. This type of assignment is common in the energy industry and can provide the assignee with a steady stream of income from the production of the assigned property. Different types of Tennessee Assignment of Production Payment Measured by Value Received may include: 1. Fixed Percentage Assignment: This type of assignment involves the transfer of a specific percentage of the production payment to the assignee. For example, if the assignor's production payment is $10,000 per month, and they assign 50% of it, the assignee will receive a payment of $5,000 per month. 2. Fixed Amount Assignment: In this scenario, the assignor assigns a specific amount of their production payment to the assignee. For instance, if the assignor's production payment is $10,000 per month, and they assign $2,000, the assignee will receive a payment of $2,000 each month. 3. Cumulative Assignment: This type of assignment allows the assignee to accumulate their assigned payments over a certain period. For example, if the assignee's assigned payment is $5,000 per month and the assignor fails to generate production in a specific month, the assignee can accumulate the unpaid amount and receive it in later months once production resumes. 4. Fixed Term Assignment: In some cases, the assignment is done for a fixed period rather than being indefinite. This means that the assignee will receive the assigned payment only for a specific timeframe, after which the assignment terminates. 5. Rolling Assignment: This assignment type allows the assignor to transfer a percentage or a specific amount of their production payment periodically, usually on a monthly or quarterly basis. The assignee receives their assigned payment regularly, providing them with a predictable income stream. Overall, the Tennessee Assignment of Production Payment Measured by Value Received is a contractual agreement that enables the assignee to receive a portion of the production payment generated by a mineral property in exchange for a predetermined value. It offers a financial arrangement for assignors and assignees to benefit from the production revenue while providing a level of flexibility in terms of the assignment structure.