Harris Texas Assignment of Overriding Royalty Interests for Multiple Leases

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Harris
• Control #: US-OG-036
• Format: Word; Rich Text

Description

This form is used by the Assignor to transfer, assign, and convey to Assignee an overriding royalty interest in multiple leases. Harris Texas Assignment of Overriding Royalty Interests in Multiple Leases refers to a legal document that involves the transfer of the rights to receive a portion of the royalties from multiple leases in the Harris County, Texas area. This assignment is commonly used in the oil and gas industry, where overriding royalty interests (ORRIS) are granted to individuals or entities who do not have ownership of the underlying mineral rights but still receive a percentage of the production revenue. In Harris County, Texas, there are various types of Assignment of Overriding Royalty Interests in multiple leases, including: 1. General Assignment: This type of assignment involves the transfer of overriding royalty interests in multiple leases across different oil and gas fields in Harris County. 2. Specific Lease Assignment: This type of assignment focuses on the transfer of overriding royalty interests in multiple leases within a specific oil and gas field or lease block in Harris County. 3. Partial Assignment: In this case, only a portion of the overriding royalty interests in multiple leases is transferred. This allows for flexibility in the assignment and can be useful if the assignor wants to retain some interest in the leases. 4. Full Assignment: This type of assignment involves the complete transfer of all overriding royalty interests in multiple leases, leaving the assignor with no further rights to the royalties. The Harris Texas Assignment of Overriding Royalty Interests in Multiple Leases document typically includes the following elements: 1. Parties: The names and contact information of the assignor (the party transferring the overriding royalty interests) and the assignee (the party receiving the interests) are clearly stated. 2. Effective Date: The date when the assignment becomes legally binding is specified. 3. Description of Leases: A detailed list of the leases covered by the assignment is provided, including the lease names, numbers, and locations. 4. Overriding Royalty Interest: The percentage or fractional interest being assigned is clearly defined, specifying the portion of the production revenue the assignee will be entitled to receive. 5. Consideration: The assignment often includes details of any consideration or payment made by the assignee to the assignor for the transfer of the overriding royalty interests. 6. Warranties and Representations: The document may include representations and warranties by both parties concerning their ownership rights and the legality of the assignment. 7. Governing Law: The assignment specifies the laws of the state of Texas that govern the agreement. In conclusion, the Harris Texas Assignment of Overriding Royalty Interests in Multiple Leases involves the transfer of rights to receive a portion of the royalties from multiple leases in Harris County. Various types of assignments exist, including general, specific lease, partial, and full assignments. The document includes essential information about the parties involved, the leases covered, the overriding royalty interests being transferred, and additional provisions such as consideration, warranties, and governing law.

Harris Texas Assignment of Overriding Royalty Interests in Multiple Leases refers to a legal document that involves the transfer of the rights to receive a portion of the royalties from multiple leases in the Harris County, Texas area. This assignment is commonly used in the oil and gas industry, where overriding royalty interests (ORRIS) are granted to individuals or entities who do not have ownership of the underlying mineral rights but still receive a percentage of the production revenue. In Harris County, Texas, there are various types of Assignment of Overriding Royalty Interests in multiple leases, including: 1. General Assignment: This type of assignment involves the transfer of overriding royalty interests in multiple leases across different oil and gas fields in Harris County. 2. Specific Lease Assignment: This type of assignment focuses on the transfer of overriding royalty interests in multiple leases within a specific oil and gas field or lease block in Harris County. 3. Partial Assignment: In this case, only a portion of the overriding royalty interests in multiple leases is transferred. This allows for flexibility in the assignment and can be useful if the assignor wants to retain some interest in the leases. 4. Full Assignment: This type of assignment involves the complete transfer of all overriding royalty interests in multiple leases, leaving the assignor with no further rights to the royalties. The Harris Texas Assignment of Overriding Royalty Interests in Multiple Leases document typically includes the following elements: 1. Parties: The names and contact information of the assignor (the party transferring the overriding royalty interests) and the assignee (the party receiving the interests) are clearly stated. 2. Effective Date: The date when the assignment becomes legally binding is specified. 3. Description of Leases: A detailed list of the leases covered by the assignment is provided, including the lease names, numbers, and locations. 4. Overriding Royalty Interest: The percentage or fractional interest being assigned is clearly defined, specifying the portion of the production revenue the assignee will be entitled to receive. 5. Consideration: The assignment often includes details of any consideration or payment made by the assignee to the assignor for the transfer of the overriding royalty interests. 6. Warranties and Representations: The document may include representations and warranties by both parties concerning their ownership rights and the legality of the assignment. 7. Governing Law: The assignment specifies the laws of the state of Texas that govern the agreement. In conclusion, the Harris Texas Assignment of Overriding Royalty Interests in Multiple Leases involves the transfer of rights to receive a portion of the royalties from multiple leases in Harris County. Various types of assignments exist, including general, specific lease, partial, and full assignments. The document includes essential information about the parties involved, the leases covered, the overriding royalty interests being transferred, and additional provisions such as consideration, warranties, and governing law.