Houston Texas Assignment of Overriding Royalty Interest by Working Interest Owner, Single Lease, Stated Percentage

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• City: Houston
• 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. Assignment of Overriding Royalty Interest in Working Interest Owner is a legal agreement commonly used in the oil and gas industry in Houston, Texas. The assignment involves transferring the right to receive a portion of the royalty interest associated with a specific oil and gas lease from the working interest owner to another party. In this type of assignment, the working interest owner, who is responsible for the costs and risks associated with drilling and operating the well, assigns a stated percentage of their overriding royalty interest to a third party. The overriding royalty interest is an interest in the production of oil and gas that is separate from the working interest and entitles the holder to a portion of the revenues generated. The Houston, Texas Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a specific type of assignment that involves a single lease agreement and the transfer of a stated percentage of the overriding royalty interest. This means that the working interest owner assigns a specific percentage of their rights to the overriding royalty interest, which will be paid out of the production revenue generated from the single lease. There may be variations or other types of Assignment of Overriding Royalty Interest in Working Interest Owner in Houston, Texas, depending on specific circumstances and agreements. Some possible variations include: 1. Assignment of Overriding Royalty Interest in Working Interest Owner, Multiple Leases, Stated Percentage: This type of assignment involves the transfer of overriding royalty interest from one working interest owner to another for multiple leases rather than a single lease. 2. Assignment of Overriding Royalty Interest in Working Interest Owner, Fractional Interest: This variation involves the transfer of a fractional interest in the overriding royalty interest, where the working interest owner assigns a specific fraction of their rights. 3. Assignment of Overriding Royalty Interest in Working Interest Owner, Fixed Royalty: This type of assignment involves the transfer of a fixed royalty interest from the working interest owner to another party, where a specific fixed amount or percentage of the production revenue is assigned. It is important to note that the specific terms and conditions of a Houston, Texas Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage may vary depending on the parties involved, the lease agreement, and other factors.

Assignment of Overriding Royalty Interest in Working Interest Owner is a legal agreement commonly used in the oil and gas industry in Houston, Texas. The assignment involves transferring the right to receive a portion of the royalty interest associated with a specific oil and gas lease from the working interest owner to another party. In this type of assignment, the working interest owner, who is responsible for the costs and risks associated with drilling and operating the well, assigns a stated percentage of their overriding royalty interest to a third party. The overriding royalty interest is an interest in the production of oil and gas that is separate from the working interest and entitles the holder to a portion of the revenues generated. The Houston, Texas Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a specific type of assignment that involves a single lease agreement and the transfer of a stated percentage of the overriding royalty interest. This means that the working interest owner assigns a specific percentage of their rights to the overriding royalty interest, which will be paid out of the production revenue generated from the single lease. There may be variations or other types of Assignment of Overriding Royalty Interest in Working Interest Owner in Houston, Texas, depending on specific circumstances and agreements. Some possible variations include: 1. Assignment of Overriding Royalty Interest in Working Interest Owner, Multiple Leases, Stated Percentage: This type of assignment involves the transfer of overriding royalty interest from one working interest owner to another for multiple leases rather than a single lease. 2. Assignment of Overriding Royalty Interest in Working Interest Owner, Fractional Interest: This variation involves the transfer of a fractional interest in the overriding royalty interest, where the working interest owner assigns a specific fraction of their rights. 3. Assignment of Overriding Royalty Interest in Working Interest Owner, Fixed Royalty: This type of assignment involves the transfer of a fixed royalty interest from the working interest owner to another party, where a specific fixed amount or percentage of the production revenue is assigned. It is important to note that the specific terms and conditions of a Houston, Texas Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage may vary depending on the parties involved, the lease agreement, and other factors.