Bronx New York Assignment of Partial Interest in Oil and Gas Lease Reserving An Overriding Royalty Interest

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Bronx
• Control #: US-OG-266
• Format: Word; Rich Text

Description

This form is used by the Assignor to transfer, assign, and convey to Assignee a leasehold interest without reserving an overriding royalty interest. Bronx, New York is a bustling borough located in the southern part of New York City. It is known for its rich cultural diversity, vibrant communities, and iconic landmarks like the Bronx Zoo, Yankee Stadium, and the Bronx Museum of the Arts. The Bronx offers a diverse range of attractions, from stunning green spaces to historic neighborhoods. An Assignment of Partial Interest in Oil and Gas Lease Reserving An Overriding Royalty Interest is a legal document that transfers a portion of the rights and benefits associated with an oil and gas lease to another party, while still reserving a royalty interest for the original leaseholder. This type of assignment typically allows the assignee to receive a specified percentage of the proceeds from the oil and gas production, known as overriding royalty interest. There may be different variations or types of Bronx New York Assignment of Partial Interest in Oil and Gas Lease Reserving An Overriding Royalty Interest, including: 1. Individual Assignment: This refers to the assignment of a partial interest in an oil and gas lease by an individual party to another individual party, reserving an overriding royalty interest. 2. Corporate Assignment: This involves the transfer of a partial interest in an oil and gas lease from one company to another, while reserving an overriding royalty interest. 3. Joint Assignment: In a joint assignment, two or more parties combine their partial interests in an oil and gas lease and assign them to another party, reserving an overriding royalty interest collectively. 4. Limited Partnership Assignment: This type of assignment involves the transfer of a partial interest in an oil and gas lease by a limited partnership to another party, while reserving an overriding royalty interest. 5. Trust Assignment: This refers to the assignment of a partial interest in an oil and gas lease by a trust entity to another party, while reserving an overriding royalty interest. Trust assignments are often used for estate planning or asset management purposes. Each type of assignment serves a specific purpose and involves the legal transfer of a partial interest in an oil and gas lease. The overriding royalty interest reservation ensures that the original leaseholder continues to receive a portion of the profits from the production of oil and gas, even after transferring a partial interest to another party.

Bronx, New York is a bustling borough located in the southern part of New York City. It is known for its rich cultural diversity, vibrant communities, and iconic landmarks like the Bronx Zoo, Yankee Stadium, and the Bronx Museum of the Arts. The Bronx offers a diverse range of attractions, from stunning green spaces to historic neighborhoods. An Assignment of Partial Interest in Oil and Gas Lease Reserving An Overriding Royalty Interest is a legal document that transfers a portion of the rights and benefits associated with an oil and gas lease to another party, while still reserving a royalty interest for the original leaseholder. This type of assignment typically allows the assignee to receive a specified percentage of the proceeds from the oil and gas production, known as overriding royalty interest. There may be different variations or types of Bronx New York Assignment of Partial Interest in Oil and Gas Lease Reserving An Overriding Royalty Interest, including: 1. Individual Assignment: This refers to the assignment of a partial interest in an oil and gas lease by an individual party to another individual party, reserving an overriding royalty interest. 2. Corporate Assignment: This involves the transfer of a partial interest in an oil and gas lease from one company to another, while reserving an overriding royalty interest. 3. Joint Assignment: In a joint assignment, two or more parties combine their partial interests in an oil and gas lease and assign them to another party, reserving an overriding royalty interest collectively. 4. Limited Partnership Assignment: This type of assignment involves the transfer of a partial interest in an oil and gas lease by a limited partnership to another party, while reserving an overriding royalty interest. 5. Trust Assignment: This refers to the assignment of a partial interest in an oil and gas lease by a trust entity to another party, while reserving an overriding royalty interest. Trust assignments are often used for estate planning or asset management purposes. Each type of assignment serves a specific purpose and involves the legal transfer of a partial interest in an oil and gas lease. The overriding royalty interest reservation ensures that the original leaseholder continues to receive a portion of the profits from the production of oil and gas, even after transferring a partial interest to another party.