Washington Assignment of Overriding Royalty Interests for Multiple Leases

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-036
• Format: Word; Rich Text

Description

This form is used by the Assignor to transfer, assign, and convey to Assignee an overriding royalty interest in multiple leases. Washington Assignment of Overriding Royalty Interests in Multiple Leases is a legal agreement that allows the transfer or assignment of overriding royalty interests (ORI's) from one party to another in relation to multiple oil and gas leases in the state of Washington. This assignment grants the assignee the right to receive a percentage of the production revenue generated from these leases. Keywords: 1. Washington: The term "Washington" refers to the state where the assignment of overriding royalty interests is taking place. It denotes the geographic location and legal jurisdiction. 2. Assignment: In the context of the assignment of overriding royalty interests, "assignment" refers to the transfer or conveyance of these interests from one party (assignor) to another (assignee). 3. Overriding Royalty Interests (ORI's): Overriding royalty interests represent a percentage share of the proceeds or revenues generated from the production of oil and gas under a lease. These interests are usually separate from the working interests that are associated with the lease. 4. Multiple Leases: "Multiple leases" implies that the assignment of overriding royalty interests encompasses more than one oil and gas lease. It indicates that the assignor is transferring their ORI's from several leases to the assignee. Types of Washington Assignment of Overriding Royalty Interests in Multiple Leases: While there isn't a specific categorization of different types of Washington Assignment of Overriding Royalty Interests in Multiple Leases, variations may exist depending on the specific terms and conditions agreed upon by the parties involved. These variations could include differences in the percentage of ORI's transferred, types of leases involved, or the rights and obligations of the parties. It is important to consult legal professionals or review individual agreements to understand the specific nuances and classifications as they pertain to each unique case.

Washington Assignment of Overriding Royalty Interests in Multiple Leases is a legal agreement that allows the transfer or assignment of overriding royalty interests (ORI's) from one party to another in relation to multiple oil and gas leases in the state of Washington. This assignment grants the assignee the right to receive a percentage of the production revenue generated from these leases. Keywords: 1. Washington: The term "Washington" refers to the state where the assignment of overriding royalty interests is taking place. It denotes the geographic location and legal jurisdiction. 2. Assignment: In the context of the assignment of overriding royalty interests, "assignment" refers to the transfer or conveyance of these interests from one party (assignor) to another (assignee). 3. Overriding Royalty Interests (ORI's): Overriding royalty interests represent a percentage share of the proceeds or revenues generated from the production of oil and gas under a lease. These interests are usually separate from the working interests that are associated with the lease. 4. Multiple Leases: "Multiple leases" implies that the assignment of overriding royalty interests encompasses more than one oil and gas lease. It indicates that the assignor is transferring their ORI's from several leases to the assignee. Types of Washington Assignment of Overriding Royalty Interests in Multiple Leases: While there isn't a specific categorization of different types of Washington Assignment of Overriding Royalty Interests in Multiple Leases, variations may exist depending on the specific terms and conditions agreed upon by the parties involved. These variations could include differences in the percentage of ORI's transferred, types of leases involved, or the rights and obligations of the parties. It is important to consult legal professionals or review individual agreements to understand the specific nuances and classifications as they pertain to each unique case.