Franklin Ohio Assignment of Overriding Royalty Interest by Working Interest Owner, Single Lease, Stated Percentage

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Franklin
• Control #: US-OG-287
• Format: Word; Rich Text

Description

This form is used by the Assignor to transfer, assign, and convey to Assignee an overriding royalty interest in a Lease and all oil, gas and other minerals produced, saved and sold from the Lease and Land. In Franklin Ohio, the Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a legal document that outlines the transfer of a portion of the override royalty interest from one party to another. This assignment is commonly used in the oil and gas industry and plays a crucial role in the management and distribution of royalty payments. The Assignment of Overriding Royalty Interest involves a working interest owner, who is the party responsible for the drilling and production operations, transferring a specific percentage of the override royalty interest to another individual or entity. This assignment enables the working interest owner to generate additional income from their working interest while sharing a portion of it with the assignee. By utilizing the Single Lease, Stated Percentage format, the assignment pertains to a particular lease agreement, wherein a stated percentage of the overriding royalty interest is being transferred. This type of assignment is commonly used when there is only one lease involved in the transfer. The Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage plays a crucial role in the oil and gas industry as it allows for the efficient and equitable distribution of royalty payments among the parties involved in the lease. It ensures that all stakeholders receive their fair share of the revenue generated from the production of oil or gas. Keywords: Franklin Ohio, Assignment, Overriding Royalty Interest, Working Interest Owner, Single Lease, Stated Percentage, oil and gas industry, transfer, royalty payments, drilling, production operations, income, assignee, lease agreement, stakeholders, revenue.

In Franklin Ohio, the Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a legal document that outlines the transfer of a portion of the override royalty interest from one party to another. This assignment is commonly used in the oil and gas industry and plays a crucial role in the management and distribution of royalty payments. The Assignment of Overriding Royalty Interest involves a working interest owner, who is the party responsible for the drilling and production operations, transferring a specific percentage of the override royalty interest to another individual or entity. This assignment enables the working interest owner to generate additional income from their working interest while sharing a portion of it with the assignee. By utilizing the Single Lease, Stated Percentage format, the assignment pertains to a particular lease agreement, wherein a stated percentage of the overriding royalty interest is being transferred. This type of assignment is commonly used when there is only one lease involved in the transfer. The Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage plays a crucial role in the oil and gas industry as it allows for the efficient and equitable distribution of royalty payments among the parties involved in the lease. It ensures that all stakeholders receive their fair share of the revenue generated from the production of oil or gas. Keywords: Franklin Ohio, Assignment, Overriding Royalty Interest, Working Interest Owner, Single Lease, Stated Percentage, oil and gas industry, transfer, royalty payments, drilling, production operations, income, assignee, lease agreement, stakeholders, revenue.