Phoenix Arizona Assignment of Overriding Royalty Interests of a Percentage of Assignor's Net Revenue Interest, After Deductions of Certain Costs - Effectively A Net Profits

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• City: Phoenix
• Control #: US-OG-284
• Format: Word; Rich Text

Description

This form is used by the Assignor to transfer, assign, and convey to Assignee an overriding royalty interest in a Lease and all oil, gas and other minerals produced, saved and sold from the Lease and Land. Phoenix, Arizona is a vibrant city located in the southwestern United States. Known for its year-round sunny weather, stunning desert landscapes, and rich cultural heritage, Phoenix offers a range of attractions and opportunities for its residents and visitors. One type of agreement that often arises in the business landscape of Phoenix is the Assignment of Overriding Royalty Interests of a Percentage of Assignor's Net Revenue Interest, After Deductions of Certain Costs, also referred to as an Assignment of Net Profits. This agreement is commonly used in the oil and gas industry, where companies assign a portion of their net revenue interest to another party for a specified period in exchange for a share of the profits generated from the assigned interest. There are different variations of Phoenix Arizona Assignment of Overriding Royalty Interests of a Percentage of Assignor's Net Revenue Interest, After Deductions of Certain Costs — Effectively A Net Profits. These can include: 1. Fixed Percentage Assignment: In this type of arrangement, the assignor agrees to transfer a fixed percentage of their net revenue interest to the assignee, ensuring a consistent share of the profits. 2. Sliding Scale Assignment: Unlike the fixed percentage assignment, the sliding scale assignment adjusts the percentage of the assignor's net revenue interest assigned to the assignee based on predetermined criteria. For example, the percentage might increase or decrease depending on the production levels or commodity prices. 3. Time-Based Assignment: With this type of assignment, the assignor grants the assignee the overriding royalty interests in a specific period, usually a set number of years. At the end of the designated period, the assignment may expire, or the parties may negotiate an extension. 4. Zone-Specific Assignment: In certain cases, the assignment may be limited to specific geographic zones or regions within Phoenix, Arizona. This type of assignment allows for targeted exploration and development activities within those regions. In summary, Phoenix, Arizona, is a thriving city that frequently engages in the Assignment of Overriding Royalty Interests of a Percentage of Assignor's Net Revenue Interest, After Deductions of Certain Costs — Effectively A Net Profits. Different variations of this agreement, such as fixed percentage, sliding scale, time-based, and zone-specific assignments, reflect the diverse business opportunities and activities prevalent in the region.

Phoenix, Arizona is a vibrant city located in the southwestern United States. Known for its year-round sunny weather, stunning desert landscapes, and rich cultural heritage, Phoenix offers a range of attractions and opportunities for its residents and visitors. One type of agreement that often arises in the business landscape of Phoenix is the Assignment of Overriding Royalty Interests of a Percentage of Assignor's Net Revenue Interest, After Deductions of Certain Costs, also referred to as an Assignment of Net Profits. This agreement is commonly used in the oil and gas industry, where companies assign a portion of their net revenue interest to another party for a specified period in exchange for a share of the profits generated from the assigned interest. There are different variations of Phoenix Arizona Assignment of Overriding Royalty Interests of a Percentage of Assignor's Net Revenue Interest, After Deductions of Certain Costs — Effectively A Net Profits. These can include: 1. Fixed Percentage Assignment: In this type of arrangement, the assignor agrees to transfer a fixed percentage of their net revenue interest to the assignee, ensuring a consistent share of the profits. 2. Sliding Scale Assignment: Unlike the fixed percentage assignment, the sliding scale assignment adjusts the percentage of the assignor's net revenue interest assigned to the assignee based on predetermined criteria. For example, the percentage might increase or decrease depending on the production levels or commodity prices. 3. Time-Based Assignment: With this type of assignment, the assignor grants the assignee the overriding royalty interests in a specific period, usually a set number of years. At the end of the designated period, the assignment may expire, or the parties may negotiate an extension. 4. Zone-Specific Assignment: In certain cases, the assignment may be limited to specific geographic zones or regions within Phoenix, Arizona. This type of assignment allows for targeted exploration and development activities within those regions. In summary, Phoenix, Arizona, is a thriving city that frequently engages in the Assignment of Overriding Royalty Interests of a Percentage of Assignor's Net Revenue Interest, After Deductions of Certain Costs — Effectively A Net Profits. Different variations of this agreement, such as fixed percentage, sliding scale, time-based, and zone-specific assignments, reflect the diverse business opportunities and activities prevalent in the region.