The Harris Texas 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 an overriding royalty interest from the working interest owner to another party. This assignment is specific to Harris County, Texas and pertains to a single lease agreement. The overriding royalty interest refers to a percentage of the gross production of oil, gas, or other minerals on the leased property. It is a share of the profits generated from the extraction and sale of these resources. The working interest owner, who is typically the operator or producer, holds the rights to explore, drill, and develop the leased property. In this assignment, the working interest owner transfers a stated percentage of their overriding royalty interest to another entity or individual. The specific percentage is clearly stated and may vary depending on the terms of the agreement. The assignment allows the assignee to receive a portion of the royalty payments derived from the production on the leased property. Keywords: Harris Texas, Assignment of Overriding Royalty Interest, Working Interest, Single Lease, Stated Percentage, Assignment Agreement, Harris County, Oil and Gas, Mineral Rights, Lease Agreement.
Harris Texas Assignment of Overriding Royalty Interest by Working Interest Owner, Single Lease, Stated Percentage
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