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.
Salt Lake, Utah is a vibrant and thriving city located in the heart of the western United States. Known for its stunning natural landscapes, diverse cultural scene, and strong economy, Salt Lake offers an array of opportunities for residents and visitors alike. One common legal document related to the energy industry in Salt Lake, Utah is the Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form. This document is often used in the context of oil and gas leases and serves to transfer the rights to an overriding royalty interest while allowing the assignor to retain the ability to pool or combine the assigned interest with other interests. There are several variations or types of the Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form, depending on specific circumstances and legal requirements. Some of these variations include: 1. Individual Assignment: This type of assignment involves the transfer of an overriding royalty interest from an individual assignor to an assignee. The assignor retains the right to pool the assigned interest, enabling them to combine the interest with other leases or interests. 2. Corporate Assignment: In this scenario, a corporation or company assigns its overriding royalty interest to another party while reserving the right to pool the assigned interest. This type of assignment is commonly used in the energy industry when multiple leases or interests need to be consolidated and managed efficiently. 3. Partnership Assignment: When a partnership, consisting of two or more individuals or entities, holds an overriding royalty interest, they may choose to assign the interest to an assignee while reserving the right to pool. This type of assignment allows for flexibility in managing and combining interests within the partnership structure. Regardless of the specific type of Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form, this legal document serves as an important mechanism for the efficient management and consolidation of oil and gas leases and interests in Salt Lake, Utah. It ensures that all parties involved have clear rights and responsibilities regarding pooling activities while allowing for the seamless transfer of overriding royalty interests.Salt Lake, Utah is a vibrant and thriving city located in the heart of the western United States. Known for its stunning natural landscapes, diverse cultural scene, and strong economy, Salt Lake offers an array of opportunities for residents and visitors alike. One common legal document related to the energy industry in Salt Lake, Utah is the Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form. This document is often used in the context of oil and gas leases and serves to transfer the rights to an overriding royalty interest while allowing the assignor to retain the ability to pool or combine the assigned interest with other interests. There are several variations or types of the Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form, depending on specific circumstances and legal requirements. Some of these variations include: 1. Individual Assignment: This type of assignment involves the transfer of an overriding royalty interest from an individual assignor to an assignee. The assignor retains the right to pool the assigned interest, enabling them to combine the interest with other leases or interests. 2. Corporate Assignment: In this scenario, a corporation or company assigns its overriding royalty interest to another party while reserving the right to pool the assigned interest. This type of assignment is commonly used in the energy industry when multiple leases or interests need to be consolidated and managed efficiently. 3. Partnership Assignment: When a partnership, consisting of two or more individuals or entities, holds an overriding royalty interest, they may choose to assign the interest to an assignee while reserving the right to pool. This type of assignment allows for flexibility in managing and combining interests within the partnership structure. Regardless of the specific type of Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form, this legal document serves as an important mechanism for the efficient management and consolidation of oil and gas leases and interests in Salt Lake, Utah. It ensures that all parties involved have clear rights and responsibilities regarding pooling activities while allowing for the seamless transfer of overriding royalty interests.
