Pima Arizona Assignment of Overriding Royalty Interest - Short Form

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Pima
• 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. Lima, Arizona is a county in the southern part of the state that is known for its rich natural resources, including oil and gas deposits. In the realm of oil and gas production, an Assignment of Overriding Royalty Interest — Short Form is a crucial legal document used for transferring ownership of these valuable rights. This assignment allows the assignor to hand over their share of the overriding royalty interest to the assignee, thereby granting them the right to receive a portion of the proceeds generated from the production of oil and gas. The Lima Arizona Assignment of Overriding Royalty Interest — Short Form serves as a concise and simplified version of the full assignment agreement. While the specifics of this short form may vary depending on individual circumstances, it typically includes essential details such as the names and contact information of both parties involved, the description of the overriding royalty interest being assigned, and the terms and conditions of the transfer. It is crucial that this document complies with all applicable local, state, and federal laws to ensure its validity. There might be different types or variations of the Lima Arizona Assignment of Overriding Royalty Interest — Short Form, tailored to suit specific needs or situations. Some potential variations include an Assignment of Overriding Royalty Interest — Short Form with surface damages provisions, an Assignment of Overriding Royalty Interest — Short Form with preferential rights provisions, and an Assignment of Overriding Royalty Interest — Short Form with non-compete provisions. Each type serves a different purpose and addresses various aspects of the overriding royalty interest transfer. In conclusion, the Lima Arizona Assignment of Overriding Royalty Interest — Short Form is a vital legal document used for the transfer of overriding royalty interest in oil and gas production. It streamlines the process by providing a concise structure while ensuring compliance with legal requirements. With different types available, individuals can choose the short form that best aligns with their specific needs and circumstances.

Lima, Arizona is a county in the southern part of the state that is known for its rich natural resources, including oil and gas deposits. In the realm of oil and gas production, an Assignment of Overriding Royalty Interest — Short Form is a crucial legal document used for transferring ownership of these valuable rights. This assignment allows the assignor to hand over their share of the overriding royalty interest to the assignee, thereby granting them the right to receive a portion of the proceeds generated from the production of oil and gas. The Lima Arizona Assignment of Overriding Royalty Interest — Short Form serves as a concise and simplified version of the full assignment agreement. While the specifics of this short form may vary depending on individual circumstances, it typically includes essential details such as the names and contact information of both parties involved, the description of the overriding royalty interest being assigned, and the terms and conditions of the transfer. It is crucial that this document complies with all applicable local, state, and federal laws to ensure its validity. There might be different types or variations of the Lima Arizona Assignment of Overriding Royalty Interest — Short Form, tailored to suit specific needs or situations. Some potential variations include an Assignment of Overriding Royalty Interest — Short Form with surface damages provisions, an Assignment of Overriding Royalty Interest — Short Form with preferential rights provisions, and an Assignment of Overriding Royalty Interest — Short Form with non-compete provisions. Each type serves a different purpose and addresses various aspects of the overriding royalty interest transfer. In conclusion, the Lima Arizona Assignment of Overriding Royalty Interest — Short Form is a vital legal document used for the transfer of overriding royalty interest in oil and gas production. It streamlines the process by providing a concise structure while ensuring compliance with legal requirements. With different types available, individuals can choose the short form that best aligns with their specific needs and circumstances.