Travis Texas Assignment of Overriding Royalty Interest - Short Form

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Travis
• 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. Travis Texas Assignment of Overriding Royalty Interest — Short Form is a legally binding document used in the oil and gas industry to transfer the rights to receive royalty payments from the sale or production of oil and gas reserves. This assignment allows the current owner to assign their overriding royalty interest to another party, thereby giving them the right to receive the royalty payments from oil and gas production. Keywords: Travis Texas, Assignment, Overriding Royalty Interest, Short Form, oil and gas industry, royalty payments, sale, production, reserves, current owner, party, oil and gas production. There are different types of Travis Texas Assignment of Overriding Royalty Interest — Short Form, which may include: 1. Standard Assignment: This type of assignment outlines the basic terms and conditions of transferring the overriding royalty interest from one party to another. It typically includes the names of the current owner and the assignee, the effective date of the transfer, and the percentage of the royalty interest being assigned. 2. Partial Assignment: In some cases, the current owner may choose to assign only a portion of their overriding royalty interest. A partial assignment specifies the percentage or portion being transferred, allowing the assignee to receive a share of the royalty payments corresponding to that specific portion. 3. Specific Assignment: A specific assignment refers to the transfer of overriding royalty interest from a specific oil and gas lease or well. It outlines the details of the lease or well, including its location, description, and any specific terms or conditions related to the assignment. 4. Time-Limited Assignment: This type of assignment allows for the temporary transfer of the overriding royalty interest. It specifies a set period during which the assignee will receive the royalty payments, after which the interest reverts to the original owner. It's important to consult with legal professionals or industry experts when drafting or executing a Travis Texas Assignment of Overriding Royalty Interest — Short Form to ensure compliance with applicable laws and regulations. This document plays a crucial role in facilitating the transfer of royalty interests in the oil and gas industry, allowing parties to benefit from the ongoing production and sale of oil and gas reserves.

Travis Texas Assignment of Overriding Royalty Interest — Short Form is a legally binding document used in the oil and gas industry to transfer the rights to receive royalty payments from the sale or production of oil and gas reserves. This assignment allows the current owner to assign their overriding royalty interest to another party, thereby giving them the right to receive the royalty payments from oil and gas production. Keywords: Travis Texas, Assignment, Overriding Royalty Interest, Short Form, oil and gas industry, royalty payments, sale, production, reserves, current owner, party, oil and gas production. There are different types of Travis Texas Assignment of Overriding Royalty Interest — Short Form, which may include: 1. Standard Assignment: This type of assignment outlines the basic terms and conditions of transferring the overriding royalty interest from one party to another. It typically includes the names of the current owner and the assignee, the effective date of the transfer, and the percentage of the royalty interest being assigned. 2. Partial Assignment: In some cases, the current owner may choose to assign only a portion of their overriding royalty interest. A partial assignment specifies the percentage or portion being transferred, allowing the assignee to receive a share of the royalty payments corresponding to that specific portion. 3. Specific Assignment: A specific assignment refers to the transfer of overriding royalty interest from a specific oil and gas lease or well. It outlines the details of the lease or well, including its location, description, and any specific terms or conditions related to the assignment. 4. Time-Limited Assignment: This type of assignment allows for the temporary transfer of the overriding royalty interest. It specifies a set period during which the assignee will receive the royalty payments, after which the interest reverts to the original owner. It's important to consult with legal professionals or industry experts when drafting or executing a Travis Texas Assignment of Overriding Royalty Interest — Short Form to ensure compliance with applicable laws and regulations. This document plays a crucial role in facilitating the transfer of royalty interests in the oil and gas industry, allowing parties to benefit from the ongoing production and sale of oil and gas reserves.