Maricopa, Arizona Assignment and Conveyance of Overriding Royalty Interest is a legal document used in the oil and gas industry to transfer ownership of an overriding royalty interest (ORI) from one party to another in Maricopa, Arizona. This assignment is a crucial step in the transfer of interests in oil and gas leases and helps facilitate the management and distribution of the revenue generated from the lease. Keywords: Maricopa, Arizona, Assignment and Conveyance, Overriding Royalty Interest, legal document, oil and gas industry, transfer ownership, interests, leases, revenue. There are different types of Maricopa, Arizona Assignment and Conveyance of Overriding Royalty Interest, including: 1. Full Assignment: This type of assignment transfers the entire overriding royalty interest from the assignor to the assignee. The assignee assumes complete ownership and rights over the ORI. 2. Partial Assignment: In a partial assignment, only a portion of the overriding royalty interest is transferred to the assignee. The assignor retains the remaining interests and continues to receive a percentage of the revenue generated. 3. Temporary Assignment: This type of assignment allows the assignee to hold the overriding royalty interest for a limited period, which is specified in the agreement. After the specified period, the interest reverts to the assignor. 4. Permanent Assignment: A permanent assignment transfers the overriding royalty interest in perpetuity, without any time restrictions or reversion rights. The assignee becomes the permanent owner of the ORI. 5. Assignment with Reservation: This type of assignment involves the transfer of overriding royalty interest from the assignor to the assignee, with a reservation clause that allows the assignor to retain certain rights or benefits related to the ORI. 6. Assignment and Conveyance of ORI in Multiple Leases: Some assignments may involve the transfer of overriding royalty interest across multiple oil and gas leases. This allows for efficient management and consolidation of interests. It is important to consult with legal professionals who specialize in oil and gas transactions to ensure that the Maricopa, Arizona Assignment and Conveyance of Overriding Royalty Interest accurately reflects the intentions of the parties involved and complies with all relevant laws and regulations.