Houston Texas Assignment of Overriding Royalty Interest - Short Form

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• City: Houston
• Control #: US-OG-031
• Format: Word; Rich Text

Description

This form is used by the Assignor to transfer, assign, and convey to Assignee all of Assignor's overriding royalty interest in a Lease and all oil, gas and other minerals produced, saved and sold from the Lease and Land. Houston, Texas Assignment of Overriding Royalty Interest — Short Form is a legal document used in the energy industry to transfer the rights to receive royalty payments from an oil or gas lease. This assignment allows the assignor to assign a portion of their interest in the royalties to another party, known as the assignee. The Houston, Texas Assignment of Overriding Royalty Interest — Short Form is a concise and straightforward document that outlines the terms and conditions of the transfer. It includes essential details such as the names of the assignor and assignee, the effective date of the assignment, and a description of the assigned interests. There are various types of Houston, Texas Assignment of Overriding Royalty Interest — Short Form, tailored to meet specific needs. Some common variations include: 1. Standard Houston, Texas Assignment of Overriding Royalty Interest — Short Form: This is the most commonly used form, wherein the assignor transfers a fixed percentage of their overriding royalty interest to the assignee. 2. Limited Houston, Texas Assignment of Overriding Royalty Interest — Short Form: In this type, the assignor assigns a portion of their overriding royalty interest limited to a specific lease or well. 3. Fractional Houston, Texas Assignment of Overriding Royalty Interest — Short Form: This version allows the assignor to transfer a fractional interest in their overriding royalty interest, typically expressed as a numerator/denominator fraction. 4. Term Houston, Texas Assignment of Overriding Royalty Interest — Short Form: This form grants the assignee rights to the overriding royalty interest for a specific period, after which the interest reverts to the assignor. 5. Assignment with Retained Interest: In this type, the assignor transfers a portion of their interest in the overriding royalty but retains a specified interest for themselves. It is crucial for both parties involved to carefully review the Houston, Texas Assignment of Overriding Royalty Interest — Short Form and seek legal advice if necessary. This document serves as a legally binding agreement and must adhere to all applicable laws and regulations.

Houston, Texas Assignment of Overriding Royalty Interest — Short Form is a legal document used in the energy industry to transfer the rights to receive royalty payments from an oil or gas lease. This assignment allows the assignor to assign a portion of their interest in the royalties to another party, known as the assignee. The Houston, Texas Assignment of Overriding Royalty Interest — Short Form is a concise and straightforward document that outlines the terms and conditions of the transfer. It includes essential details such as the names of the assignor and assignee, the effective date of the assignment, and a description of the assigned interests. There are various types of Houston, Texas Assignment of Overriding Royalty Interest — Short Form, tailored to meet specific needs. Some common variations include: 1. Standard Houston, Texas Assignment of Overriding Royalty Interest — Short Form: This is the most commonly used form, wherein the assignor transfers a fixed percentage of their overriding royalty interest to the assignee. 2. Limited Houston, Texas Assignment of Overriding Royalty Interest — Short Form: In this type, the assignor assigns a portion of their overriding royalty interest limited to a specific lease or well. 3. Fractional Houston, Texas Assignment of Overriding Royalty Interest — Short Form: This version allows the assignor to transfer a fractional interest in their overriding royalty interest, typically expressed as a numerator/denominator fraction. 4. Term Houston, Texas Assignment of Overriding Royalty Interest — Short Form: This form grants the assignee rights to the overriding royalty interest for a specific period, after which the interest reverts to the assignor. 5. Assignment with Retained Interest: In this type, the assignor transfers a portion of their interest in the overriding royalty but retains a specified interest for themselves. It is crucial for both parties involved to carefully review the Houston, Texas Assignment of Overriding Royalty Interest — Short Form and seek legal advice if necessary. This document serves as a legally binding agreement and must adhere to all applicable laws and regulations.