This form is used when Assignor assigns, sells, and conveys to Assignee an undivided % of all of Assignor's rights, title and interests in an Oil and Gas Lease. This Assignment covers and includes a like interest in all equipment and fixtures located on the Lease.
Assignment of Undivided Interest in Producing Lease
Category:
State:
Multi-State
Control #:
US-OG-255
Format:
Word;
Rich Text
Instant download
Description
How to fill out Assignment Of Undivided Interest In Producing Lease?
When it comes to drafting a legal document, it is easier to delegate it to the experts. However, that doesn't mean you yourself cannot get a sample to use. That doesn't mean you yourself can not get a sample to utilize, nevertheless. Download Assignment of Undivided Interest in Producing Lease straight from the US Legal Forms website. It provides a wide variety of professionally drafted and lawyer-approved documents and templates.
For full access to 85,000 legal and tax forms, users just have to sign up and select a subscription. After you’re signed up with an account, log in, find a certain document template, and save it to My Forms or download it to your gadget.
To make things much easier, we have incorporated an 8-step how-to guide for finding and downloading Assignment of Undivided Interest in Producing Lease promptly:
- Make confident the document meets all the necessary state requirements.
- If possible preview it and read the description before purchasing it.
- Hit Buy Now.
- Choose the appropriate subscription for your needs.
- Create your account.
- Pay via PayPal or by debit/credit card.
- Select a needed format if a number of options are available (e.g., PDF or Word).
- Download the document.
When the Assignment of Undivided Interest in Producing Lease is downloaded you may complete, print out and sign it in almost any editor or by hand. Get professionally drafted state-relevant documents within a matter of minutes in a preferable format with US Legal Forms!
Form popularity
FAQ
Fractional Undivided Interest means the undivided interest in the Pass Through Trust that is evidenced by an Outstanding Certificate expressed as a fraction of the total undivided interests in the Pass Through Trust represented by all Outstanding Certificates.
Definition from Nolo's Plain-English Law Dictionary Ownership right to use and possess property that is shared by two or more co-owners. No individual co-owner has an exclusive right to any portion of the property.
An owner can separate the mineral rights from his or her land by: Conveying (selling or otherwise transferring) the land but retaining the mineral rights. (This is accomplished by including a statement in the deed conveying the land that reserves all rights to the minerals to the seller.)
Under Texas law, ownership of land includes ownership of minerals under the surface of the land.Mineral rights are a form of real property, and they are governed by the same principles of marital property law as other real estate. If the mineral rights were owned before marriage, they are separate property.
The word undivided is added to indicate it is a partial interest in a tract and the owners have not agreed to partition the minerals among themselves.
A Non-Participating Royalty Interest (NPRI) is an interest in oil and gas production which is created from the mineral estate. Like the plain royalty interest it is expense-free, bearing no operational costs of production.
An Assignment of an Oil, Gas and Mineral Lease is a document in which the original Lessee, and or their successors, assign either all or part of their working interest and/or net revenue interest that they own in that lease. This is leasehold interest. You can also assign or reserve interest in wellbores.
Wellbore. An assignment can be limited to the wellbore of a well. A wellbore limitation means that the assignor is assigning only those rights to production from the wellbore of a certain well, arguably at the total depth it existed at the time of the assignment.
Wellbore Interest means, for each Subject Well, a specified percentage of AEE's right, title and interest in and to: (i) the applicable Subject Well and associated wellbore and all Hydrocarbons and other substances produced therewith, (ii) all equipment, contracts and other personal property and fixtures associated
