This form is used when an Assignor assigns, transfers, and conveys to Assignee an overriding royalty interest in the Lease and all of the oil and gas produced, saved and marketed from the Lease, out of the interest owned by Assignor, with proportionate reduction (the Override ).
Santa Clara, California is a city located in the heart of Silicon Valley. It is known for its vibrant tech industry, prestigious universities, and beautiful landscapes. In relation to the topic of Assignment of Overriding Royalty Interest for Single Lease — Proportionate reduction, which typically pertains to the oil and gas industry, Santa Clara may not be directly associated with this specific type of lease. However, there are potentially different types of Assignment of Overriding Royalty Interest that can exist in Santa Clara or the surrounding areas, such as: 1. Assignment of Overriding Royalty Interest for Single Lease — Proportionate reduction in oil and gas production: This type of assignment could involve the proportional reduction of royalties received from a single lease in Santa Clara that is exploiting natural resources like oil or gas. It may be subject to certain conditions or circumstances, such as changes in the productivity or profitability of the lease. 2. Assignment of Overriding Royalty Interest for Multiple Leases — Proportionate reduction: In this scenario, the assignment could extend to multiple leases in Santa Clara or nearby regions. It may involve the proportional reduction of royalties received from these various leases, and factors affecting the reduction could be similar to those in the previous type. 3. Assignment of Overriding Royalty Interest for Single Lease — Proportionate reduction due to environmental considerations: Santa Clara is known for its commitment to environmental sustainability. Therefore, it is possible that an assignment of overriding royalty interest may occur in relation to a single lease, where a proportionate reduction is enforced to address environmental concerns. This could involve complying with specific regulations or adapting practices mitigating environmental impact. 4. Assignment of Overriding Royalty Interest for Single Lease — Proportionate reduction due to legal or contractual obligations: This type of assignment might arise from legal or contractual provisions, requiring a proportional reduction in overriding royalty interest for a single lease in Santa Clara. It could be triggered by changes in regulatory frameworks, modifications to lease agreements, or other legal obligations. In summary, while the Assignment of Overriding Royalty Interest for Single Lease — Proportionate reduction may not have a direct association with Santa Clara, there are various possible types of assignments that could apply in this geographic region. These include assignments based on changes in oil and gas production, environmental considerations, legal or contractual obligations, and even multiple leases.Santa Clara, California is a city located in the heart of Silicon Valley. It is known for its vibrant tech industry, prestigious universities, and beautiful landscapes. In relation to the topic of Assignment of Overriding Royalty Interest for Single Lease — Proportionate reduction, which typically pertains to the oil and gas industry, Santa Clara may not be directly associated with this specific type of lease. However, there are potentially different types of Assignment of Overriding Royalty Interest that can exist in Santa Clara or the surrounding areas, such as: 1. Assignment of Overriding Royalty Interest for Single Lease — Proportionate reduction in oil and gas production: This type of assignment could involve the proportional reduction of royalties received from a single lease in Santa Clara that is exploiting natural resources like oil or gas. It may be subject to certain conditions or circumstances, such as changes in the productivity or profitability of the lease. 2. Assignment of Overriding Royalty Interest for Multiple Leases — Proportionate reduction: In this scenario, the assignment could extend to multiple leases in Santa Clara or nearby regions. It may involve the proportional reduction of royalties received from these various leases, and factors affecting the reduction could be similar to those in the previous type. 3. Assignment of Overriding Royalty Interest for Single Lease — Proportionate reduction due to environmental considerations: Santa Clara is known for its commitment to environmental sustainability. Therefore, it is possible that an assignment of overriding royalty interest may occur in relation to a single lease, where a proportionate reduction is enforced to address environmental concerns. This could involve complying with specific regulations or adapting practices mitigating environmental impact. 4. Assignment of Overriding Royalty Interest for Single Lease — Proportionate reduction due to legal or contractual obligations: This type of assignment might arise from legal or contractual provisions, requiring a proportional reduction in overriding royalty interest for a single lease in Santa Clara. It could be triggered by changes in regulatory frameworks, modifications to lease agreements, or other legal obligations. In summary, while the Assignment of Overriding Royalty Interest for Single Lease — Proportionate reduction may not have a direct association with Santa Clara, there are various possible types of assignments that could apply in this geographic region. These include assignments based on changes in oil and gas production, environmental considerations, legal or contractual obligations, and even multiple leases.
