A Harris Texas Assignment of Oil and Gas Leases of all Interest, Reserving An Overriding Royalty Interest is a legal document used in the oil and gas industry to transfer ownership rights of oil and gas leases in Harris County, Texas. Keywords: Harris Texas, Assignment of Oil and Gas Leases, all Interest, Reserving An Overriding Royalty Interest, legal document, oil and gas industry, ownership rights, Harris County, Texas. This assignment is typically executed when a party wishes to sell or transfer their interest in an oil and gas lease in Harris County, Texas. The document outlines the terms and conditions of the assignment, including the transfer of all rights, titles, and interests in the leases to the assignee. The assignment also includes a provision that reserves an overriding royalty interest for the assignor. An overriding royalty interest grants the assignor a percentage of the gross production from the leased property, typically in addition to any other royalties payable. This reserved interest ensures that the assignor continues to receive a portion of the revenue generated from the oil and gas leases, even after the assignment is completed. There may be different types of Harris Texas Assignment of Oil and Gas Leases of all Interest, Reserving An Overriding Royalty Interest, depending on the specific terms and conditions set forth in the document. Some of these variations may include specific provisions related to the duration of the assignment, the percentage of the overriding royalty interest reserved, and any additional rights or obligations of the parties involved. It is important to consult with legal professionals experienced in oil and gas law when drafting or executing a Harris Texas Assignment of Oil and Gas Leases of all Interest, Reserving An Overriding Royalty Interest. They can ensure that the document accurately reflects the intentions of the parties involved and complies with all relevant regulations and laws in Harris County, Texas.
Harris Texas Assignment of Oil and Gas Leases of all Interest, Reserving An Overriding Royalty Interest
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