This form is used when an Assignor transfers, assigns and conveys to Assignee an overriding royalty interest in all of the oil, gas, and other minerals produced, saved, and marketed from all of the Lands and Leases equal to a determined amount (the Override ), reserving the right to pool the assigned interest.
Collin Texas Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form A Collin Texas Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form refers to a legal document commonly used in the energy industry. This document is specifically designed for operations related to Collin County, Texas, and focuses on the assignment of overriding royalty interest (ORRIS) while retaining the right to pool the assigned interest. Keywords: Collin Texas, Assignment of Overriding Royalty Interest, Assignor, Reserved Right, Pooling, Short Form, Collin County. Different types of Collin Texas Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form may vary based on specific clauses and conditions mentioned within the document. 1. Standard Assignment with Pooling Reservation: This type of short form assignment includes the necessary provisions for assigning an overriding royalty interest while explicitly reserving the assignor's right to pool the assigned interest with other mineral rights. 2. Premises Description and Pooling Restrictions: This type of short form assignment provides detailed descriptions of the premises, including legal land descriptions and any specific restrictions or limitations on pooling activities. 3. Assignment with Royalty Percentage Specifications: In some cases, a short form assignment may include additional clauses specifying the percentage of overriding royalty interest being assigned, allowing both parties to establish clear terms regarding royalty distributions. 4. Pooling Authorization and Participation: This type of short form assignment may also contain authorization for the assignor to participate in any pooling activities concerning the assigned interest, ensuring they have a role in decision-making processes related to future drilling and production. It is essential for both parties involved in the Collin Texas Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form to carefully review the document, ensuring that all required details, reservations, and specific terms are accurately included. Consulting an attorney or legal professional experienced in energy-related contracts is strongly recommended ensuring compliance with applicable laws and regulations.Collin Texas Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form A Collin Texas Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form refers to a legal document commonly used in the energy industry. This document is specifically designed for operations related to Collin County, Texas, and focuses on the assignment of overriding royalty interest (ORRIS) while retaining the right to pool the assigned interest. Keywords: Collin Texas, Assignment of Overriding Royalty Interest, Assignor, Reserved Right, Pooling, Short Form, Collin County. Different types of Collin Texas Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form may vary based on specific clauses and conditions mentioned within the document. 1. Standard Assignment with Pooling Reservation: This type of short form assignment includes the necessary provisions for assigning an overriding royalty interest while explicitly reserving the assignor's right to pool the assigned interest with other mineral rights. 2. Premises Description and Pooling Restrictions: This type of short form assignment provides detailed descriptions of the premises, including legal land descriptions and any specific restrictions or limitations on pooling activities. 3. Assignment with Royalty Percentage Specifications: In some cases, a short form assignment may include additional clauses specifying the percentage of overriding royalty interest being assigned, allowing both parties to establish clear terms regarding royalty distributions. 4. Pooling Authorization and Participation: This type of short form assignment may also contain authorization for the assignor to participate in any pooling activities concerning the assigned interest, ensuring they have a role in decision-making processes related to future drilling and production. It is essential for both parties involved in the Collin Texas Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form to carefully review the document, ensuring that all required details, reservations, and specific terms are accurately included. Consulting an attorney or legal professional experienced in energy-related contracts is strongly recommended ensuring compliance with applicable laws and regulations.
