Philadelphia Pennsylvania Assignment of Overriding Royalty Interest by Working Interest Owner, Single Lease, Stated Percentage

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Philadelphia
• 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. Philadelphia, Pennsylvania is a vibrant and historic city located in the northeastern part of the United States. Known for its rich history, iconic landmarks, and diverse culture, Philadelphia offers a multitude of attractions and opportunities for both residents and tourists. The Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a legal document related to oil and gas leases and royalties in the Philadelphia, Pennsylvania area. This type of assignment allows the working interest owner to transfer a stated percentage of their overriding royalty interest to another party. It is commonly used in the oil and gas industry to allocate royalties and interests among different parties involved in the exploration and production of oil and gas resources. The Philadelphia, Pennsylvania Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage can be further categorized into different types based on the specific terms and conditions outlined in the document. Some of these types may include: 1. Fixed Percentage Assignment: This type of assignment involves a predetermined, fixed percentage of the overriding royalty interest being transferred from the working interest owner. It provides a clear and specific allocation of royalties between the parties involved. 2. Proportional Assignment: In this type, the overriding royalty interest assigned is based on the proportionate share of the working interest owner. It takes into account the total working interest and assigns the overriding royalty interest accordingly. 3. Conditional Assignment: This type of assignment may come into effect under certain conditions or specific circumstances. It allows for flexibility in royalty allocation based on various factors agreed upon by the parties involved. 4. Multiple Assignment: In some cases, there could be multiple assignments of overriding royalty interest on a single lease. This occurs when the working interest owner intends to transfer different stated percentages to different parties in separate assignments. The Philadelphia, Pennsylvania Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage plays a crucial role in the efficient management and distribution of royalties in the oil and gas industry. It ensures that all parties involved receive their fair share of the revenue generated from the production of oil and gas resources in the region. Keywords: Philadelphia, Pennsylvania, assignment, overriding royalty interest, working interest owner, single lease, stated percentage, oil and gas leases, royalties, exploration, production, fixed percentage, proportional assignment, conditional assignment, multiple assignment.

Philadelphia, Pennsylvania is a vibrant and historic city located in the northeastern part of the United States. Known for its rich history, iconic landmarks, and diverse culture, Philadelphia offers a multitude of attractions and opportunities for both residents and tourists. The Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a legal document related to oil and gas leases and royalties in the Philadelphia, Pennsylvania area. This type of assignment allows the working interest owner to transfer a stated percentage of their overriding royalty interest to another party. It is commonly used in the oil and gas industry to allocate royalties and interests among different parties involved in the exploration and production of oil and gas resources. The Philadelphia, Pennsylvania Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage can be further categorized into different types based on the specific terms and conditions outlined in the document. Some of these types may include: 1. Fixed Percentage Assignment: This type of assignment involves a predetermined, fixed percentage of the overriding royalty interest being transferred from the working interest owner. It provides a clear and specific allocation of royalties between the parties involved. 2. Proportional Assignment: In this type, the overriding royalty interest assigned is based on the proportionate share of the working interest owner. It takes into account the total working interest and assigns the overriding royalty interest accordingly. 3. Conditional Assignment: This type of assignment may come into effect under certain conditions or specific circumstances. It allows for flexibility in royalty allocation based on various factors agreed upon by the parties involved. 4. Multiple Assignment: In some cases, there could be multiple assignments of overriding royalty interest on a single lease. This occurs when the working interest owner intends to transfer different stated percentages to different parties in separate assignments. The Philadelphia, Pennsylvania Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage plays a crucial role in the efficient management and distribution of royalties in the oil and gas industry. It ensures that all parties involved receive their fair share of the revenue generated from the production of oil and gas resources in the region. Keywords: Philadelphia, Pennsylvania, assignment, overriding royalty interest, working interest owner, single lease, stated percentage, oil and gas leases, royalties, exploration, production, fixed percentage, proportional assignment, conditional assignment, multiple assignment.