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.
Mecklenburg County, located in the state of North Carolina, offers various types of Assignment of Overriding Royalty Interest when the assignor reserves the right to pool the assigned interest — short form agreements. These agreements are commonly used in the oil and gas industry and allow the assignor to retain certain pooling rights while transferring the overriding royalty interest to another party. Below is a detailed description of Mecklenburg North Carolina Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form, along with some common types: 1. Mecklenburg North Carolina Assignment of Overriding Royalty Interest: This type of agreement involves the transfer of an overriding royalty interest from the assignor to another party within Mecklenburg County, North Carolina. The overriding royalty interest pertains to a share of the production and revenue generated from the assigned oil and gas lease or working interest. 2. Assignor's Right to Pool the Assigned Interest: In this form of assignment, the assignor retains the right to combine or pool their assigned interest with other interests in the same area. Pooling allows multiple oil and gas leasehold interests to be consolidated, maximizing production efficiency and reducing costs. The assignor reserves the right to participate in or benefit from any pooled unit formed in Mecklenburg County. 3. Short Form Agreement: The "short form" refers to a relatively concise and straightforward assignment document used in Mecklenburg, NC. This brief agreement includes essential terms and conditions, clearly identifying the assignor, assignee, overriding royalty interest details, and the assignor's right to pool the assigned interest. 4. Other Variations: While the above description encompasses the broad concept of Mecklenburg North Carolina Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form, there may be additional specific variations based on individual lease agreements, party preferences, or legal requirements. These variations may involve specific provisions for payment terms, term of the assignment, termination conditions, and any limitations on pooling or usage of the reserved rights. In summary, Mecklenburg County, North Carolina, offers various types of Assignment of Overriding Royalty Interest when the assignor reserves the right to pool the assigned interest — short form agreements. These agreements facilitate the transfer of an overriding royalty interest while allowing the assignor to retain certain pooling rights. The short form agreement provides a concise document outlining the key terms and conditions, ensuring a clear understanding between the assignor and assignee.Mecklenburg County, located in the state of North Carolina, offers various types of Assignment of Overriding Royalty Interest when the assignor reserves the right to pool the assigned interest — short form agreements. These agreements are commonly used in the oil and gas industry and allow the assignor to retain certain pooling rights while transferring the overriding royalty interest to another party. Below is a detailed description of Mecklenburg North Carolina Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form, along with some common types: 1. Mecklenburg North Carolina Assignment of Overriding Royalty Interest: This type of agreement involves the transfer of an overriding royalty interest from the assignor to another party within Mecklenburg County, North Carolina. The overriding royalty interest pertains to a share of the production and revenue generated from the assigned oil and gas lease or working interest. 2. Assignor's Right to Pool the Assigned Interest: In this form of assignment, the assignor retains the right to combine or pool their assigned interest with other interests in the same area. Pooling allows multiple oil and gas leasehold interests to be consolidated, maximizing production efficiency and reducing costs. The assignor reserves the right to participate in or benefit from any pooled unit formed in Mecklenburg County. 3. Short Form Agreement: The "short form" refers to a relatively concise and straightforward assignment document used in Mecklenburg, NC. This brief agreement includes essential terms and conditions, clearly identifying the assignor, assignee, overriding royalty interest details, and the assignor's right to pool the assigned interest. 4. Other Variations: While the above description encompasses the broad concept of Mecklenburg North Carolina Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form, there may be additional specific variations based on individual lease agreements, party preferences, or legal requirements. These variations may involve specific provisions for payment terms, term of the assignment, termination conditions, and any limitations on pooling or usage of the reserved rights. In summary, Mecklenburg County, North Carolina, offers various types of Assignment of Overriding Royalty Interest when the assignor reserves the right to pool the assigned interest — short form agreements. These agreements facilitate the transfer of an overriding royalty interest while allowing the assignor to retain certain pooling rights. The short form agreement provides a concise document outlining the key terms and conditions, ensuring a clear understanding between the assignor and assignee.
