The form is used when the Assignor transfers, assigns, and conveys to Assignee an overriding royalty interest in the Leases and all of the oil, gas and other minerals produced, saved and marketed from the Lease equal to a pecentage of 8/8 (the Override ).
Collin Texas Assignment of Overriding Royalty Interest in Overriding Royalty Interest Owner is a legal document that signifies the transfer of overriding royalty interest from one party to another in the context of oil and gas leases or mineral rights. This assignment allows the overriding royalty interest owner to transfer their rights, benefits, and obligations associated with the interest to a new party. The assignment signifies a complete transfer of the overriding royalty interest without any proportionate reduction in the owner's share or proportionate division of the interest. This means that the assignee acquires the interest in its entirety, without any decrease or dilution of the royalty percentage or revenue share. The Collin County in Texas is home to numerous oil and gas producing areas, making it a significant hub for energy-related activities. As a result, there might be different types of Collin Texas Assignment of Overriding Royalty Interest in Overriding Royalty Interest Owner, No Proportionate Reduction, based on specific circumstances and requirements. Some potential types include: 1. Collin Texas Assignment of Overriding Royalty Interest in Overriding Royalty Interest Owner, No Proportionate Reduction, for Oil and Gas Leases: This type of assignment specifically pertains to the transfer of overriding royalty interest in oil and gas leases located within Collin County, Texas. It ensures that the assignee receives the full and undiluted rights and benefits associated with the interest. 2. Collin Texas Assignment of Overriding Royalty Interest in Overriding Royalty Interest Owner, No Proportionate Reduction, for Mineral Rights: This type of assignment relates to the transfer of overriding royalty interest in mineral rights within Collin County, Texas. It allows the overriding royalty interest owner to pass on their complete interest to another party without any reduction in proportion or share. 3. Collin Texas Assignment of Overriding Royalty Interest in Overriding Royalty Interest Owner, No Proportionate Reduction, with Stipulated Conditions: This type of assignment may involve additional stipulations or conditions agreed upon by both parties. For example, it could include provisions regarding future developments, drilling activities, or limitations on the assignee's rights. In conclusion, the Collin Texas Assignment of Overriding Royalty Interest in Overriding Royalty Interest Owner, No Proportionate Reduction, is a legal instrument used to transfer overriding royalty interest without any decrease in proportion or share. This assignment is relevant in the context of oil and gas leases as well as mineral rights within Collin County, Texas. Different types of assignments may exist depending on specific circumstances and additional conditions.Collin Texas Assignment of Overriding Royalty Interest in Overriding Royalty Interest Owner is a legal document that signifies the transfer of overriding royalty interest from one party to another in the context of oil and gas leases or mineral rights. This assignment allows the overriding royalty interest owner to transfer their rights, benefits, and obligations associated with the interest to a new party. The assignment signifies a complete transfer of the overriding royalty interest without any proportionate reduction in the owner's share or proportionate division of the interest. This means that the assignee acquires the interest in its entirety, without any decrease or dilution of the royalty percentage or revenue share. The Collin County in Texas is home to numerous oil and gas producing areas, making it a significant hub for energy-related activities. As a result, there might be different types of Collin Texas Assignment of Overriding Royalty Interest in Overriding Royalty Interest Owner, No Proportionate Reduction, based on specific circumstances and requirements. Some potential types include: 1. Collin Texas Assignment of Overriding Royalty Interest in Overriding Royalty Interest Owner, No Proportionate Reduction, for Oil and Gas Leases: This type of assignment specifically pertains to the transfer of overriding royalty interest in oil and gas leases located within Collin County, Texas. It ensures that the assignee receives the full and undiluted rights and benefits associated with the interest. 2. Collin Texas Assignment of Overriding Royalty Interest in Overriding Royalty Interest Owner, No Proportionate Reduction, for Mineral Rights: This type of assignment relates to the transfer of overriding royalty interest in mineral rights within Collin County, Texas. It allows the overriding royalty interest owner to pass on their complete interest to another party without any reduction in proportion or share. 3. Collin Texas Assignment of Overriding Royalty Interest in Overriding Royalty Interest Owner, No Proportionate Reduction, with Stipulated Conditions: This type of assignment may involve additional stipulations or conditions agreed upon by both parties. For example, it could include provisions regarding future developments, drilling activities, or limitations on the assignee's rights. In conclusion, the Collin Texas Assignment of Overriding Royalty Interest in Overriding Royalty Interest Owner, No Proportionate Reduction, is a legal instrument used to transfer overriding royalty interest without any decrease in proportion or share. This assignment is relevant in the context of oil and gas leases as well as mineral rights within Collin County, Texas. Different types of assignments may exist depending on specific circumstances and additional conditions.
