What is overriding royalty interest?

Legal Definition of overriding royalty : an interest in and royalty on the oil, gas, or minerals extracted from another's land that is carved out of the producer's working interest and is not tied to production costs ? compare royalty.

What does overriding royalty interest mean?

Legal Definition of overriding royalty : an interest in and royalty on the oil, gas, or minerals extracted from another's land that is carved out of the producer's working interest and is not tied to production costs ? compare royalty.

US Legal Forms
Localized Forms
Ohio
Toledo
Ohio Conveyance of Overriding Royalty Interest

Toledo Ohio Conveyance of Overriding Royalty Interest

Name: Toledo Ohio Conveyance of Overriding Royalty Interest
Brand: US Legal Forms
Rating: 4.83 (281 reviews)

Category:

Ohio Contracts - Oil Gas and Minerals

State:

Ohio

City:

Toledo

Control #:

OH-LR013

Format:

Instant download

Description

An overriding royalty interest is the right to receive revenue from the production of oil and gas from a well. The overriding royalty is carved out of the lessee's (operator's) working interest and entitles its owner to a fraction of production.

View Edinburg Texas Construction or Mechanics Lien Package - Individual

View this form

View Edinburg Texas Construction or Mechanics Lien Package - Corporation or LLC

View this form

View Edinburg Texas Storage Business Package

View this form

View Edinburg Texas Child Care Services Package

View this form

View Edinburg Special or Limited Power of Attorney for Real Estate Sales Transaction By Seller

View this form

How to fill out Toledo Ohio Conveyance Of Overriding Royalty Interest?

Getting verified templates specific to your local regulations can be difficult unless you use the US Legal Forms library. It’s an online pool of more than 85,000 legal forms for both individual and professional needs and any real-life scenarios. All the documents are properly grouped by area of usage and jurisdiction areas, so locating the Toledo Ohio Conveyance of Overriding Royalty Interest gets as quick and easy as ABC.

For everyone already acquainted with our service and has used it before, obtaining the Toledo Ohio Conveyance of Overriding Royalty Interest takes just a couple of clicks. All you need to do is log in to your account, select the document, and click Download to save it on your device. This process will take just a couple of additional steps to complete for new users.

Adhere to the guidelines below to get started with the most extensive online form library:

Look at the Preview mode and form description. Make certain you’ve selected the correct one that meets your requirements and fully corresponds to your local jurisdiction requirements.
Search for another template, if needed. Once you find any inconsistency, use the Search tab above to get the right one. If it suits you, move to the next step.
Purchase the document. Click on the Buy Now button and choose the subscription plan you prefer. You should register an account to get access to the library’s resources.
Make your purchase. Provide your credit card details or use your PayPal account to pay for the service.
Download the Toledo Ohio Conveyance of Overriding Royalty Interest. Save the template on your device to proceed with its completion and obtain access to it in the My Forms menu of your profile anytime you need it again.

Keeping paperwork neat and compliant with the law requirements has major importance. Benefit from the US Legal Forms library to always have essential document templates for any needs just at your hand!

Form Rating

4.83

Satisfied(281)

Form popularity

FAQ

An Overriding Royalty Interest IORRI), commonly referred to as an override, is a fractional, undivided interest granting the right to receive proceeds from the sale of oil and gas. It is not an interest in the minerals themselves, but rather in the proceeds of the sale of oil and gas.

An overriding royalty interest (ORRI) is similar to a royalty interest in that it is also a portion of the proceeds from the sale of production. However, it is not retained under the terms of the oil and gas lease. An ORRI is granted, assigned and created under the terms of a separate document.

Overriding royalty interests are an important financing tool for oil and gas companies involved in the exploration and development of oil gas and mineral interests. For investors, they provide an opportunity to participate in mineral production without incurring the costs.

Legal Definition of overriding royalty : an interest in and royalty on the oil, gas, or minerals extracted from another's land that is carved out of the producer's working interest and is not tied to production costs ? compare royalty.

The mineral rights, or interests, after separation from the surface, can be retained or sold as the landowner wishes through a mineral deed or a royalty deed. A deed is also known as a conveyance or reservation.

The Bankruptcy Code defines a production payment as a type of ?term overriding royalty? or ?an interest in liquid or gaseous hydrocarbons in place or to be produced from particular real property that entitles the owner thereof to a share of production, or the value thereof, for a term limited by time, quantity, or

A royalty interest is a property interest that entitles the owner to receive a share of the production revenue. An individual or company that owns a royalty interest does not have to pay for any of the operational costs required to produce the resource, but they still own a portion of the revenue produced.

A royalty interest is a non-possessory real property interest in oil and gas production free of production and operating expenses, which may be created by grant or by reservation or exception.

Interesting Questions

More info

S.A. (Euromin), Rio Alto will participate as the owner of various gross overriding royalties and working interests in all acreage situated outside of North. Extent of overriding royalty interests to which the oil and gas.Filled. Statement of bases and considerations. Left The BP-Husky refinery in Toledo, Ohio – in operation since 1919.

Toledo Ohio Conveyance of Overriding Royalty Interest

Description

Related forms

How to fill out Toledo Ohio Conveyance Of Overriding Royalty Interest?

Show more info

Form Rating

Form popularity

FAQ

What are overriding royalty interests?

What is the difference between a royalty interest and an overriding royalty interest?

What are overriding royalties typically used for?

What is overriding royalty interest?

What is a royalty conveyance?

Is an overriding royalty interest real property?

What does royalty interest mean?

Is a royalty interest a real property interest?

What does overriding royalty interest mean?

Interesting Questions

What is a Toledo Conveyance of Overriding Royalty Interest?

Who can be involved in a Toledo Conveyance of Overriding Royalty Interest?

What are overriding royalties?

Why would someone enter into a Toledo Conveyance of Overriding Royalty Interest?

Can the percentage of overriding royalties be negotiable?

Are there any risks associated with Toledo Conveyance of Overriding Royalty Interest?

More info

Trusted and secure by over 3 million people of the world’s leading companies