Salt Lake Utah Assignment of Overriding Royalty Interest by Working Interest Owner, Single Lease, Stated Percentage

State:
Multi-State
County:
Salt Lake
Control #:
US-OG-287
Format:
Word; 
Rich Text
Instant download

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. Salt Lake City, Utah, is the capital and largest city of the state of Utah. It is known for its stunning natural beauty, outdoor recreation opportunities, and a vibrant urban lifestyle. The city is nestled in a valley surrounded by the snow-capped peaks of the Wasatch Mountain Range and is famous for its proximity to the Great Salt Lake, which is the largest saltwater lake in the Western Hemisphere. In terms of oil and gas leases, an Assignment of Overriding Royalty Interest in Working Interest Owner refers to the transfer of a portion of the royalty interest from the working interest owner to another party. This assignment can be done on a single lease basis where only one lease is involved. The stated percentage in this type of assignment refers to the specific percentage of the overriding royalty interest being transferred. It signifies the portion of future royalties generated by the working interest that will be received by the assignee. Regarding the different types of Salt Lake, Utah Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage, variations may exist based on the terms and conditions outlined in the lease agreement. For example, the assignment might specify additional provisions such as the length of the assignment, any limitations on the resources covered, or specific restrictions on the use of the assigned overriding royalty interest. Keywords: Salt Lake City, Utah, natural beauty, outdoor recreation, Great Salt Lake, oil and gas leases, Assignment of Overriding Royalty Interest in Working Interest Owner, single lease, stated percentage, working interest owner, royalty interest, lease agreement.

Salt Lake City, Utah, is the capital and largest city of the state of Utah. It is known for its stunning natural beauty, outdoor recreation opportunities, and a vibrant urban lifestyle. The city is nestled in a valley surrounded by the snow-capped peaks of the Wasatch Mountain Range and is famous for its proximity to the Great Salt Lake, which is the largest saltwater lake in the Western Hemisphere. In terms of oil and gas leases, an Assignment of Overriding Royalty Interest in Working Interest Owner refers to the transfer of a portion of the royalty interest from the working interest owner to another party. This assignment can be done on a single lease basis where only one lease is involved. The stated percentage in this type of assignment refers to the specific percentage of the overriding royalty interest being transferred. It signifies the portion of future royalties generated by the working interest that will be received by the assignee. Regarding the different types of Salt Lake, Utah Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage, variations may exist based on the terms and conditions outlined in the lease agreement. For example, the assignment might specify additional provisions such as the length of the assignment, any limitations on the resources covered, or specific restrictions on the use of the assigned overriding royalty interest. Keywords: Salt Lake City, Utah, natural beauty, outdoor recreation, Great Salt Lake, oil and gas leases, Assignment of Overriding Royalty Interest in Working Interest Owner, single lease, stated percentage, working interest owner, royalty interest, lease agreement.

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Salt Lake Utah Assignment of Overriding Royalty Interest by Working Interest Owner, Single Lease, Stated Percentage