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

State:
Multi-State
Control #:
US-OG-287
Format:
Word; 
Rich Text
Instant download

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. Wyoming Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage In Wyoming, the Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage refers to a legal agreement wherein the owner of a working interest in an oil or gas lease assigns a portion of their overriding royalty interest to another party, based on a specified percentage. The Assignment of Overriding Royalty Interest allows the working interest owner to transfer a portion of the royalties they receive from the production of the lease to another party, who is commonly referred to as the assignee. This assignee could be an individual, a company, or an organization that wishes to participate in the benefits of the lease without actually owning a working interest. The assignment typically involves the transfer of a stated percentage of the overriding royalty interest, indicating the percentage of royalties that will be assigned to the assignee. This stated percentage can vary depending on the negotiations between the parties involved and their respective goals and interests. The Wyoming Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a specific type of assignment that is applicable to a single lease. This means that the assignment only applies to a particular lease, as opposed to multiple leases owned by the working interest owner. Different types of assignments within this category may include variations in the stated percentage, allowing for flexibility in the amount of royalties assigned, or may have specific terms related to the duration or termination of the assignment. Some relevant keywords for this type of assignment could include Wyoming, assignment, overriding royalty interest, working interest owner, single lease, stated percentage, royalties, oil, gas, production, assignee, and legal agreement. It is crucial to consult legal professionals and conduct thorough research to ensure compliance with Wyoming's specific laws and regulations surrounding assignment of overriding royalty interests.

Wyoming Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage In Wyoming, the Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage refers to a legal agreement wherein the owner of a working interest in an oil or gas lease assigns a portion of their overriding royalty interest to another party, based on a specified percentage. The Assignment of Overriding Royalty Interest allows the working interest owner to transfer a portion of the royalties they receive from the production of the lease to another party, who is commonly referred to as the assignee. This assignee could be an individual, a company, or an organization that wishes to participate in the benefits of the lease without actually owning a working interest. The assignment typically involves the transfer of a stated percentage of the overriding royalty interest, indicating the percentage of royalties that will be assigned to the assignee. This stated percentage can vary depending on the negotiations between the parties involved and their respective goals and interests. The Wyoming Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a specific type of assignment that is applicable to a single lease. This means that the assignment only applies to a particular lease, as opposed to multiple leases owned by the working interest owner. Different types of assignments within this category may include variations in the stated percentage, allowing for flexibility in the amount of royalties assigned, or may have specific terms related to the duration or termination of the assignment. Some relevant keywords for this type of assignment could include Wyoming, assignment, overriding royalty interest, working interest owner, single lease, stated percentage, royalties, oil, gas, production, assignee, and legal agreement. It is crucial to consult legal professionals and conduct thorough research to ensure compliance with Wyoming's specific laws and regulations surrounding assignment of overriding royalty interests.

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