Wisconsin Assignment of Overriding Royalty Interest by Working Interest Owner, Single Lease, Stated Percentage

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-287
• 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. Wisconsin Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a legal document that enables a working interest owner in an oil or gas lease to assign a portion of their overriding royalty interest to another party. This assignment allows for the transfer of a specified percentage of the owner's share of the revenue generated from the lease to the assignee. Keywords: Wisconsin, Assignment of Overriding Royalty Interest, Working Interest Owner, Single Lease, Stated Percentage. There are various types of Wisconsin Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage, which include: 1. Absolute Assignment: This type of assignment involves the complete transfer of a fixed percentage of the working interest owner's overriding royalty interest to the assignee. It gives the assignee ownership rights and responsibilities over the assigned interest. 2. Partial Assignment: With a partial assignment, the working interest owner transfers only a specific portion of their overriding royalty interest to the assignee. The percentage assigned can vary based on the agreement between the parties. 3. Temporary Assignment: A temporary assignment allows the working interest owner to assign their overriding royalty interest for a predetermined period. This type of assignment is commonly used when the owner wants to monetize their interest for a specific period or during certain circumstances. 4. Revocable Assignment: A revocable assignment grants the working interest owner the right to revoke or modify the assignment at any time. This type of assignment provides flexibility to the owner, allowing them to regain control over their overriding royalty interest if necessary. 5. Irrevocable Assignment: On the other hand, an irrevocable assignment permanently transfers the working interest owner's overriding royalty interest to the assignee. Once this type of assignment is executed, the assignee gains complete ownership and control over the assigned interest. It is essential to consult an attorney familiar with Wisconsin laws and regulations to ensure the Assignment of Overriding Royalty Interest meets all legal requirements and protects the interests of both the working interest owner and the assignee.

Wisconsin Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a legal document that enables a working interest owner in an oil or gas lease to assign a portion of their overriding royalty interest to another party. This assignment allows for the transfer of a specified percentage of the owner's share of the revenue generated from the lease to the assignee. Keywords: Wisconsin, Assignment of Overriding Royalty Interest, Working Interest Owner, Single Lease, Stated Percentage. There are various types of Wisconsin Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage, which include: 1. Absolute Assignment: This type of assignment involves the complete transfer of a fixed percentage of the working interest owner's overriding royalty interest to the assignee. It gives the assignee ownership rights and responsibilities over the assigned interest. 2. Partial Assignment: With a partial assignment, the working interest owner transfers only a specific portion of their overriding royalty interest to the assignee. The percentage assigned can vary based on the agreement between the parties. 3. Temporary Assignment: A temporary assignment allows the working interest owner to assign their overriding royalty interest for a predetermined period. This type of assignment is commonly used when the owner wants to monetize their interest for a specific period or during certain circumstances. 4. Revocable Assignment: A revocable assignment grants the working interest owner the right to revoke or modify the assignment at any time. This type of assignment provides flexibility to the owner, allowing them to regain control over their overriding royalty interest if necessary. 5. Irrevocable Assignment: On the other hand, an irrevocable assignment permanently transfers the working interest owner's overriding royalty interest to the assignee. Once this type of assignment is executed, the assignee gains complete ownership and control over the assigned interest. It is essential to consult an attorney familiar with Wisconsin laws and regulations to ensure the Assignment of Overriding Royalty Interest meets all legal requirements and protects the interests of both the working interest owner and the assignee.