Bexar Texas Partial Assignment of Oil, Gas, and Mineral Leases Reserving An Overriding Royalty Interest

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Bexar
• Control #: US-OG-269
• Format: Word; Rich Text

Description

This form is used by the Assignor to transfer, assign, and convey to Assignee interests in leases and all oil, gas and other minerals produced, saved and sold from the Lease and Land. Description: Bexar Texas Partial Assignment of Oil, Gas, and Mineral Leases Reserving An Overriding Royalty Interest A Bexar Texas Partial Assignment of Oil, Gas, and Mineral Leases Reserving An Overriding Royalty Interest refers to a legal document that grants a partial interest in an oil, gas, and mineral lease in Bexar County, Texas, while reserving an overriding royalty interest. This assignment allows the assignor to retain a certain portion of royalties from the production of oil, gas, and minerals within the leased property. The Bexar Texas Partial Assignment of Oil, Gas, and Mineral Leases is commonly used in the oil and gas industry when a leaseholder wants to transfer a portion of their rights, interests, and benefits under the original lease agreement to another party, while still retaining a royalty interest. The overriding royalty interest reserved by the assignor ensures that they continue to receive a defined percentage or fraction of the gross production from the leased property. This overriding royalty interest typically applies to all oil, gas, and minerals produced within the assigned portion of the lease. The Bexar Texas Partial Assignment of Oil, Gas, and Mineral Leases Reserving An Overriding Royalty Interest can be tailored to specific needs, and various types of assignments can be made. These include: 1. Partial Assignment of Oil Lease Reserving An Overriding Royalty Interest: This type of assignment focuses solely on the oil lease portion of the overall lease agreement. It allows the assignor to transfer a portion of the oil rights while reserving an overriding royalty interest for themselves. 2. Partial Assignment of Gas Lease Reserving An Overriding Royalty Interest: In this type of assignment, the assignor transfers a portion of the gas rights associated with the lease. The assignor retains an overriding royalty interest, ensuring they continue to receive a percentage of the gross production from gas wells on the leased property. 3. Partial Assignment of Mineral Lease Reserving An Overriding Royalty Interest: This type of assignment involves the transfer of a portion of the mineral rights associated with the lease. The assignor reserves an overriding royalty interest, allowing them to receive a defined portion of the gross production from minerals such as coal, limestone, or other valuable geological resources. Overall, a Bexar Texas Partial Assignment of Oil, Gas, and Mineral Leases Reserving An Overriding Royalty Interest allows leaseholders in Bexar County, Texas, to transfer a partial interest in their lease while retaining a royalty interest. This arrangement provides flexibility for parties involved and ensures ongoing benefits for the assignor through the receipt of overriding royalties.

Description: Bexar Texas Partial Assignment of Oil, Gas, and Mineral Leases Reserving An Overriding Royalty Interest A Bexar Texas Partial Assignment of Oil, Gas, and Mineral Leases Reserving An Overriding Royalty Interest refers to a legal document that grants a partial interest in an oil, gas, and mineral lease in Bexar County, Texas, while reserving an overriding royalty interest. This assignment allows the assignor to retain a certain portion of royalties from the production of oil, gas, and minerals within the leased property. The Bexar Texas Partial Assignment of Oil, Gas, and Mineral Leases is commonly used in the oil and gas industry when a leaseholder wants to transfer a portion of their rights, interests, and benefits under the original lease agreement to another party, while still retaining a royalty interest. The overriding royalty interest reserved by the assignor ensures that they continue to receive a defined percentage or fraction of the gross production from the leased property. This overriding royalty interest typically applies to all oil, gas, and minerals produced within the assigned portion of the lease. The Bexar Texas Partial Assignment of Oil, Gas, and Mineral Leases Reserving An Overriding Royalty Interest can be tailored to specific needs, and various types of assignments can be made. These include: 1. Partial Assignment of Oil Lease Reserving An Overriding Royalty Interest: This type of assignment focuses solely on the oil lease portion of the overall lease agreement. It allows the assignor to transfer a portion of the oil rights while reserving an overriding royalty interest for themselves. 2. Partial Assignment of Gas Lease Reserving An Overriding Royalty Interest: In this type of assignment, the assignor transfers a portion of the gas rights associated with the lease. The assignor retains an overriding royalty interest, ensuring they continue to receive a percentage of the gross production from gas wells on the leased property. 3. Partial Assignment of Mineral Lease Reserving An Overriding Royalty Interest: This type of assignment involves the transfer of a portion of the mineral rights associated with the lease. The assignor reserves an overriding royalty interest, allowing them to receive a defined portion of the gross production from minerals such as coal, limestone, or other valuable geological resources. Overall, a Bexar Texas Partial Assignment of Oil, Gas, and Mineral Leases Reserving An Overriding Royalty Interest allows leaseholders in Bexar County, Texas, to transfer a partial interest in their lease while retaining a royalty interest. This arrangement provides flexibility for parties involved and ensures ongoing benefits for the assignor through the receipt of overriding royalties.