Wisconsin 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. Wisconsin Assignment of Overriding Royalty Interest Limited As to Depth refers to a legal document used in the state of Wisconsin that allows the transfer of a limited interest in an overriding royalty on an oil or gas lease. This type of assignment is specific to the depth or depth interval in which the overriding royalty interest is applicable. An overriding royalty interest is a percentage of the oil and gas production that is reserved or assigned to someone other than the owner of the mineral rights. It is often created as an incentive for a party, such as a landowner, to encourage oil and gas exploration and production on their property. The Wisconsin Assignment of Overriding Royalty Interest Limited As to Depth is utilized when the assignment of the overriding royalty interest is restricted to a particular depth or depth interval. This limitation can be based on specific geological formations or reservoirs. In Wisconsin, there may be different types of Assignment of Overriding Royalty Interest Limited As to Depth, depending on the specific terms and conditions agreed upon by the parties involved. These types can include: 1. Depth Interval Specific Assignment: This type of assignment limits the overriding royalty interest to a specific depth interval, such as a particular geological formation or reservoir. It ensures that the assignee only receives royalties from production within that specific depth range. 2. Depth Depth-specific Assignment: In this type of assignment, the overriding royalty interest is limited to a specific depth point or target, rather than an interval. It restricts the assignee's royalty entitlement to production originating from a precise depth level. 3. Multiple Depth Assignments: This variant involves assigning overriding royalty interests in multiple depth intervals. The assignee receives royalties from each specific depth interval as per the terms of the agreement. Wisconsin Assignment of Overriding Royalty Interest Limited As to Depth plays a crucial role in governing the transfer of oil and gas royalty rights within a specific depth range. By defining the scope of the assigned interests, this legal document ensures clarity and protection for all parties involved in oil and gas exploration and production activities in Wisconsin.

Wisconsin Assignment of Overriding Royalty Interest Limited As to Depth refers to a legal document used in the state of Wisconsin that allows the transfer of a limited interest in an overriding royalty on an oil or gas lease. This type of assignment is specific to the depth or depth interval in which the overriding royalty interest is applicable. An overriding royalty interest is a percentage of the oil and gas production that is reserved or assigned to someone other than the owner of the mineral rights. It is often created as an incentive for a party, such as a landowner, to encourage oil and gas exploration and production on their property. The Wisconsin Assignment of Overriding Royalty Interest Limited As to Depth is utilized when the assignment of the overriding royalty interest is restricted to a particular depth or depth interval. This limitation can be based on specific geological formations or reservoirs. In Wisconsin, there may be different types of Assignment of Overriding Royalty Interest Limited As to Depth, depending on the specific terms and conditions agreed upon by the parties involved. These types can include: 1. Depth Interval Specific Assignment: This type of assignment limits the overriding royalty interest to a specific depth interval, such as a particular geological formation or reservoir. It ensures that the assignee only receives royalties from production within that specific depth range. 2. Depth Depth-specific Assignment: In this type of assignment, the overriding royalty interest is limited to a specific depth point or target, rather than an interval. It restricts the assignee's royalty entitlement to production originating from a precise depth level. 3. Multiple Depth Assignments: This variant involves assigning overriding royalty interests in multiple depth intervals. The assignee receives royalties from each specific depth interval as per the terms of the agreement. Wisconsin Assignment of Overriding Royalty Interest Limited As to Depth plays a crucial role in governing the transfer of oil and gas royalty rights within a specific depth range. By defining the scope of the assigned interests, this legal document ensures clarity and protection for all parties involved in oil and gas exploration and production activities in Wisconsin.