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.
Contra Costa County, located in California, offers various types of Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form options. These assignments involve the transfer of an overriding royalty interest from the assignor to the assignee while reserving the right to pool the assigned interest. Here are a few types of such assignments in Contra Costa County: 1. Contra Costa California Assignment of Overriding Royalty Interest — Short Form (Unilateral): This type of assignment involves a unilateral decision by the assignor to transfer the overriding royalty interest to the assignee while retaining the right to pool the assigned interest. It is a straightforward process wherein the assignor reserves the right to combine their assigned interest with other oil and gas leases or agreements. 2. Contra Costa California Assignment of Overriding Royalty Interest — Short Form (Mutual): In a mutual assignment, both the assignor and assignee agree to transfer the overriding royalty interest while maintaining the right to pool the assigned interest. This type of assignment often requires mutual consent and typically includes specific terms and conditions regarding pooling regulations. 3. Contra Costa California Assignment of Overriding Royalty Interest — Short Form (Partial Reservations): Sometimes, the assignor may choose to reserve only a portion of the overriding royalty interest while transferring the remaining portion to the assignee. This type of assignment is known as Assignment of Overriding Royalty Interest with Partial Reservations — Short Form. The assignor retains the right to pool their reserved interest, ensuring they still benefit from potential lease aggregations. 4. Contra Costa California Assignment of Overriding Royalty Interest — Short Form (Limited Timeframe): In certain cases, the assignor may transfer the overriding royalty interest to the assignee temporarily, for a limited period. This assignment allows the assignor to pool their assigned interest for a predetermined time, after which the interest reverts to the assignor. This type of assignment is named Assignment of Overriding Royalty Interest with Limited Timeframe — Short Form. 5. Contra Costa California Assignment of Overriding Royalty Interest — Short Form (Multiple Assignees): In scenarios where the assignor wishes to assign the overriding royalty interest to multiple assignees, the assignment is called Assignment of Overriding Royalty Interest with Multiple Assignees — Short Form. This type of assignment requires specific clauses and provisions to address the rights and responsibilities of each assignee, as well as the assignor's right to pool the assigned interest. In Contra Costa County, these different types of Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form cater to various needs and circumstances. Each type may have distinct legal considerations and contractual requirements to ensure a clear and enforceable agreement.Contra Costa County, located in California, offers various types of Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form options. These assignments involve the transfer of an overriding royalty interest from the assignor to the assignee while reserving the right to pool the assigned interest. Here are a few types of such assignments in Contra Costa County: 1. Contra Costa California Assignment of Overriding Royalty Interest — Short Form (Unilateral): This type of assignment involves a unilateral decision by the assignor to transfer the overriding royalty interest to the assignee while retaining the right to pool the assigned interest. It is a straightforward process wherein the assignor reserves the right to combine their assigned interest with other oil and gas leases or agreements. 2. Contra Costa California Assignment of Overriding Royalty Interest — Short Form (Mutual): In a mutual assignment, both the assignor and assignee agree to transfer the overriding royalty interest while maintaining the right to pool the assigned interest. This type of assignment often requires mutual consent and typically includes specific terms and conditions regarding pooling regulations. 3. Contra Costa California Assignment of Overriding Royalty Interest — Short Form (Partial Reservations): Sometimes, the assignor may choose to reserve only a portion of the overriding royalty interest while transferring the remaining portion to the assignee. This type of assignment is known as Assignment of Overriding Royalty Interest with Partial Reservations — Short Form. The assignor retains the right to pool their reserved interest, ensuring they still benefit from potential lease aggregations. 4. Contra Costa California Assignment of Overriding Royalty Interest — Short Form (Limited Timeframe): In certain cases, the assignor may transfer the overriding royalty interest to the assignee temporarily, for a limited period. This assignment allows the assignor to pool their assigned interest for a predetermined time, after which the interest reverts to the assignor. This type of assignment is named Assignment of Overriding Royalty Interest with Limited Timeframe — Short Form. 5. Contra Costa California Assignment of Overriding Royalty Interest — Short Form (Multiple Assignees): In scenarios where the assignor wishes to assign the overriding royalty interest to multiple assignees, the assignment is called Assignment of Overriding Royalty Interest with Multiple Assignees — Short Form. This type of assignment requires specific clauses and provisions to address the rights and responsibilities of each assignee, as well as the assignor's right to pool the assigned interest. In Contra Costa County, these different types of Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form cater to various needs and circumstances. Each type may have distinct legal considerations and contractual requirements to ensure a clear and enforceable agreement.
