Phoenix Arizona Term Royalty Deed for Term of Existing Lease

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• City: Phoenix
• Control #: US-OG-047
• Format: Word; Rich Text

Description

This form provides for a conveyance of a royalty interest for a term, the duration of which is the life of an existing oil and gas lease. A Phoenix Arizona Term Royalty Deed for Term of Existing Lease is a legal document that outlines the transfer of royalties from a lease agreement to a new party for a specific period of time in Phoenix, Arizona. This type of royalty deed is commonly used in the oil and gas industry, where royalties are paid on the extraction and production of natural resources. The term "Term Royalty Deed" signifies that the royalty transfer is valid for a predetermined period, which may range from a few months to several years. It allows the new party to receive the benefits and payments associated with the existing lease agreement for the specified duration. Some relevant keywords related to Phoenix Arizona Term Royalty Deed for Term of Existing Lease include: 1. Phoenix, Arizona: Referring to the specific geographic location where the lease agreement and royalty deed are applicable. 2. Royalties: Compensation received by the lessor or new party based on the extraction and production of natural resources, typically oil and gas. 3. Lease Agreement: A legally binding contract between the lessor (landowner) and the lessee (resource-extracting company) outlining the terms and conditions of resource extraction. 4. Term: The designated time period for which the royalty deed is valid, specifying both the start and end dates. 5. Existing Lease: Refers to an ongoing lease agreement that has already been established between the lessor and the lessee. 6. Transfer: The act of handing over or assigning the rights to receive royalties from the existing lease agreement to a new party. 7. Oil and Gas Industry: The sector involved in exploration, extraction, production, and selling of oil and gas, where royalty agreements are common. 8. Natural Resources: Refers to valuable resources found in the earth, such as oil, gas, minerals, or metals. Different types of Phoenix Arizona Term Royalty Deed for Term of Existing Lease may include variations based on the length of the term, specific industry (such as oil, gas, or mineral extraction), or variations in the royalty percentages or terms of payment. Some specific types might include Short-Term Royalty Deed, Long-Term Royalty Deed, Oil Royalty Deed, Gas Royalty Deed, Mineral Royalty Deed, and so on. These variations ensure that the specific terms and conditions of the royalty deed meet the requirements of the involved parties and the industry regulations.

A Phoenix Arizona Term Royalty Deed for Term of Existing Lease is a legal document that outlines the transfer of royalties from a lease agreement to a new party for a specific period of time in Phoenix, Arizona. This type of royalty deed is commonly used in the oil and gas industry, where royalties are paid on the extraction and production of natural resources. The term "Term Royalty Deed" signifies that the royalty transfer is valid for a predetermined period, which may range from a few months to several years. It allows the new party to receive the benefits and payments associated with the existing lease agreement for the specified duration. Some relevant keywords related to Phoenix Arizona Term Royalty Deed for Term of Existing Lease include: 1. Phoenix, Arizona: Referring to the specific geographic location where the lease agreement and royalty deed are applicable. 2. Royalties: Compensation received by the lessor or new party based on the extraction and production of natural resources, typically oil and gas. 3. Lease Agreement: A legally binding contract between the lessor (landowner) and the lessee (resource-extracting company) outlining the terms and conditions of resource extraction. 4. Term: The designated time period for which the royalty deed is valid, specifying both the start and end dates. 5. Existing Lease: Refers to an ongoing lease agreement that has already been established between the lessor and the lessee. 6. Transfer: The act of handing over or assigning the rights to receive royalties from the existing lease agreement to a new party. 7. Oil and Gas Industry: The sector involved in exploration, extraction, production, and selling of oil and gas, where royalty agreements are common. 8. Natural Resources: Refers to valuable resources found in the earth, such as oil, gas, minerals, or metals. Different types of Phoenix Arizona Term Royalty Deed for Term of Existing Lease may include variations based on the length of the term, specific industry (such as oil, gas, or mineral extraction), or variations in the royalty percentages or terms of payment. Some specific types might include Short-Term Royalty Deed, Long-Term Royalty Deed, Oil Royalty Deed, Gas Royalty Deed, Mineral Royalty Deed, and so on. These variations ensure that the specific terms and conditions of the royalty deed meet the requirements of the involved parties and the industry regulations.