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.
Palm Beach, Florida is a renowned coastal town located in Palm Beach County, Florida, United States. It is known for its luxurious lifestyle, stunning beaches, upscale shopping districts, and exquisite resorts. This destination is often associated with glamour and sophistication, attracting both residents and tourists seeking a high-end experience. In the realm of oil and gas royalties, an Assignment of Overriding Royalty Interest (ORRIS) is a legal document that transfers a fractional interest in the revenue generated from the production of oil and gas. When an assignor reserves the right to pool the assigned interest in Palm Beach, Florida, a Short Form Assignment of ORRIS is often employed. The Short Form Assignment of ORRIS allows the assignor to pool their assigned interest with other interest holders. By pooling, multiple interests can be combined into a single unit, enabling efficient development and production of oil and gas resources. The assignor reserves the right to merge or consolidate their assigned interest with other working or mineral interest holders within a specifically designated unit or lease. In Palm Beach, Florida, there are various types of Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form. Some common types may include: 1. Short Form Assignment of ORRIS for Oil Wells: This type of assignment applies specifically to oil wells in Palm Beach, Florida, enabling the assignor to pool their overriding royalty interest with other working or mineral interest holders for oil production. 2. Short Form Assignment of ORRIS for Gas Wells: Similar to the oil well assignment, this type of short form assignment is focused on gas wells in Palm Beach, Florida, allowing the assignor to pool their overriding royalty interest with other interest holders for gas production purposes. 3. Short Form Assignment of ORRIS for Combined Oil and Gas Wells: This type of assignment is applicable to wells that produce both oil and gas in Palm Beach, Florida. It permits the assignor to pool their interest with other working or mineral interest holders across both oil and gas production resources. These different types of Short Form Assignment of ORRIS cater to the diverse needs and interests of individuals or companies involved in the oil and gas industry, ensuring efficient pooling and development of resources in Palm Beach, Florida.Palm Beach, Florida is a renowned coastal town located in Palm Beach County, Florida, United States. It is known for its luxurious lifestyle, stunning beaches, upscale shopping districts, and exquisite resorts. This destination is often associated with glamour and sophistication, attracting both residents and tourists seeking a high-end experience. In the realm of oil and gas royalties, an Assignment of Overriding Royalty Interest (ORRIS) is a legal document that transfers a fractional interest in the revenue generated from the production of oil and gas. When an assignor reserves the right to pool the assigned interest in Palm Beach, Florida, a Short Form Assignment of ORRIS is often employed. The Short Form Assignment of ORRIS allows the assignor to pool their assigned interest with other interest holders. By pooling, multiple interests can be combined into a single unit, enabling efficient development and production of oil and gas resources. The assignor reserves the right to merge or consolidate their assigned interest with other working or mineral interest holders within a specifically designated unit or lease. In Palm Beach, Florida, there are various types of Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form. Some common types may include: 1. Short Form Assignment of ORRIS for Oil Wells: This type of assignment applies specifically to oil wells in Palm Beach, Florida, enabling the assignor to pool their overriding royalty interest with other working or mineral interest holders for oil production. 2. Short Form Assignment of ORRIS for Gas Wells: Similar to the oil well assignment, this type of short form assignment is focused on gas wells in Palm Beach, Florida, allowing the assignor to pool their overriding royalty interest with other interest holders for gas production purposes. 3. Short Form Assignment of ORRIS for Combined Oil and Gas Wells: This type of assignment is applicable to wells that produce both oil and gas in Palm Beach, Florida. It permits the assignor to pool their interest with other working or mineral interest holders across both oil and gas production resources. These different types of Short Form Assignment of ORRIS cater to the diverse needs and interests of individuals or companies involved in the oil and gas industry, ensuring efficient pooling and development of resources in Palm Beach, Florida.
