This form is used by the Assignor to transfer, assign, and convey to Assignee all of Assignor's overriding royalty interest in a Lease and all oil, gas and other minerals produced, saved and sold from the Lease.
The Harris County, Texas Assignment and Conveyance of Overriding Royalty Interest is a legal document that transfers the rights and benefits of an overriding royalty interest from one party to another. This document outlines the specific terms and conditions of the transfer, ensuring that all parties involved are properly informed and protected. The Harris Texas Assignment and Conveyance of Overriding Royalty Interest is commonly used in oil and gas leases, where the royalty interest holder has a share in the revenue generated from the production of oil, gas, or minerals on a specific property. Keywords: Harris County, Texas, Assignment, Conveyance, Overriding Royalty Interest, legal document, transfer, rights, benefits, terms, conditions, informed, protected, oil and gas leases, revenue, production, property. Different types of Harris Texas Assignment and Conveyance of Overriding Royalty Interest may include: 1. Partial Assignment: This type of assignment transfers only a portion of the overriding royalty interest from the assignor to the assignee. It can involve a specific percentage or fraction that represents the assigned interest. 2. Full Assignment: In contrast to a partial assignment, a full assignment transfers the entire overriding royalty interest from the assignor to the assignee. This means that the assignor relinquishes all rights and benefits associated with the royalty interest. 3. Temporary Assignment: Sometimes, the assignment and conveyance of an overriding royalty interest may be temporary. It could be for a specific duration or until certain conditions are met, such as the completion of a certain number of wells or the expiration of a lease agreement. 4. Perpetual Assignment: This type of assignment transfers the overriding royalty interest indefinitely, with no set expiration or termination clause. It grants the assignee the rights to the royalty interest for an unlimited duration. 5. Assignment with Diversionary Clause: This type of assignment may include a diversionary clause where the overriding royalty interest may revert to the assignor or another designated party under certain circumstances. This clause is typically triggered by specific events, such as the non-production of the property or the termination of a lease. Keywords: Partial Assignment, Full Assignment, Temporary Assignment, Perpetual Assignment, Assignment with Diversionary Clause, overriding royalty interest, assignor, assignee, temporary, duration, circumstances, diversionary clause, lease, revenue, production, oil, gas, minerals, assignment, conveyance.
The Harris County, Texas Assignment and Conveyance of Overriding Royalty Interest is a legal document that transfers the rights and benefits of an overriding royalty interest from one party to another. This document outlines the specific terms and conditions of the transfer, ensuring that all parties involved are properly informed and protected. The Harris Texas Assignment and Conveyance of Overriding Royalty Interest is commonly used in oil and gas leases, where the royalty interest holder has a share in the revenue generated from the production of oil, gas, or minerals on a specific property. Keywords: Harris County, Texas, Assignment, Conveyance, Overriding Royalty Interest, legal document, transfer, rights, benefits, terms, conditions, informed, protected, oil and gas leases, revenue, production, property. Different types of Harris Texas Assignment and Conveyance of Overriding Royalty Interest may include: 1. Partial Assignment: This type of assignment transfers only a portion of the overriding royalty interest from the assignor to the assignee. It can involve a specific percentage or fraction that represents the assigned interest. 2. Full Assignment: In contrast to a partial assignment, a full assignment transfers the entire overriding royalty interest from the assignor to the assignee. This means that the assignor relinquishes all rights and benefits associated with the royalty interest. 3. Temporary Assignment: Sometimes, the assignment and conveyance of an overriding royalty interest may be temporary. It could be for a specific duration or until certain conditions are met, such as the completion of a certain number of wells or the expiration of a lease agreement. 4. Perpetual Assignment: This type of assignment transfers the overriding royalty interest indefinitely, with no set expiration or termination clause. It grants the assignee the rights to the royalty interest for an unlimited duration. 5. Assignment with Diversionary Clause: This type of assignment may include a diversionary clause where the overriding royalty interest may revert to the assignor or another designated party under certain circumstances. This clause is typically triggered by specific events, such as the non-production of the property or the termination of a lease. Keywords: Partial Assignment, Full Assignment, Temporary Assignment, Perpetual Assignment, Assignment with Diversionary Clause, overriding royalty interest, assignor, assignee, temporary, duration, circumstances, diversionary clause, lease, revenue, production, oil, gas, minerals, assignment, conveyance.