San Jose California Assignment of Overriding Royalty Interest by Working Interest Owner, Single Lease, Stated Percentage

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• City: San Jose
• 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. San Jose, California Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a legal document that outlines the transfer of an overriding royalty interest from a working interest owner to another party. This assignment is specific to a single lease and involves the transfer of a stated percentage of the overriding royalty interest. The Assignment of Overriding Royalty Interest is a common practice in the oil and gas industry, where working interest owners seek to monetize their interests by selling a portion or all of their royalty rights to another party. In the case of San Jose, California, this assignment can apply to various oil and gas leases within the region. This legal document allows the working interest owner to transfer a portion of the royalty interest they receive from the production of oil or gas on the leased property to another party. The stated percentage refers to the specific portion being assigned, which could range anywhere from a small fraction to the entirety of the overriding royalty interest. By executing this assignment, the working interest owner effectively transfers their right to receive a percentage of the revenue generated from the production on the lease to the assignee. The assignee then becomes entitled to receive the assigned percentage of the overriding royalty interest payments, typically on an ongoing basis as long as the lease remains active. In the context of San Jose, California, there may be various subtypes of this assignment based on specific lease types or other criteria. For example: 1. San Jose, California Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage — Oil Lease: This refers to assignments specific to leases focused on oil production within the San Jose area. 2. San Jose, California Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage — Gas Lease: This subtype applies to assignments related to leases primarily intended for natural gas production in San Jose, California. 3. San Jose, California Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage — Mixed Lease: This category covers assignments for leases that involve both oil and gas production in San Jose, California. Overall, the San Jose, California Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage document plays a crucial role in facilitating the transfer of royalty interests in the profitable oil and gas industry within the San Jose, California region.

San Jose, California Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage is a legal document that outlines the transfer of an overriding royalty interest from a working interest owner to another party. This assignment is specific to a single lease and involves the transfer of a stated percentage of the overriding royalty interest. The Assignment of Overriding Royalty Interest is a common practice in the oil and gas industry, where working interest owners seek to monetize their interests by selling a portion or all of their royalty rights to another party. In the case of San Jose, California, this assignment can apply to various oil and gas leases within the region. This legal document allows the working interest owner to transfer a portion of the royalty interest they receive from the production of oil or gas on the leased property to another party. The stated percentage refers to the specific portion being assigned, which could range anywhere from a small fraction to the entirety of the overriding royalty interest. By executing this assignment, the working interest owner effectively transfers their right to receive a percentage of the revenue generated from the production on the lease to the assignee. The assignee then becomes entitled to receive the assigned percentage of the overriding royalty interest payments, typically on an ongoing basis as long as the lease remains active. In the context of San Jose, California, there may be various subtypes of this assignment based on specific lease types or other criteria. For example: 1. San Jose, California Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage — Oil Lease: This refers to assignments specific to leases focused on oil production within the San Jose area. 2. San Jose, California Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage — Gas Lease: This subtype applies to assignments related to leases primarily intended for natural gas production in San Jose, California. 3. San Jose, California Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage — Mixed Lease: This category covers assignments for leases that involve both oil and gas production in San Jose, California. Overall, the San Jose, California Assignment of Overriding Royalty Interest in Working Interest Owner, Single Lease, Stated Percentage document plays a crucial role in facilitating the transfer of royalty interests in the profitable oil and gas industry within the San Jose, California region.