Mecklenburg North Carolina Assignment of Overriding Royalty Interest For A Term of Years

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Mecklenburg
• Control #: US-OG-289
• Format: Word; Rich Text

Description

This form is used by the Assignor to transfer, assign, and convey to Assignee overriding royalty interest in a Lease and all oil, gas and other minerals produced, saved and sold from the Lease and Land for a specified term. A Mecklenburg North Carolina Assignment of Overriding Royalty Interest For A Term of Years is a legal document that transfers the rights of a royalty interest in oil, gas, or mineral production for a specific period of time in Mecklenburg County, North Carolina. This assignment is common in the oil and gas industry, allowing the assignee to receive a portion of the revenue generated from these natural resources. Keywords: Mecklenburg North Carolina, Assignment, Overriding Royalty Interest, Term of Years, oil, gas, minerals, production, revenue. There are several types of Mecklenburg North Carolina Assignment of Overriding Royalty Interest For A Term of Years, which may include: 1. Oil Assignment of Overriding Royalty Interest: This type of assignment is specific to the rights and revenue generated from oil production activities in Mecklenburg County. It allows the assignee to receive a share of the income generated from the extraction and sale of oil. 2. Gas Assignment of Overriding Royalty Interest: Similar to the oil assignment, this type specifically pertains to gas production activities in Mecklenburg County. The assignee gains a stake in the proceeds generated from the extraction, processing, and sale of natural gas. 3. Mineral Assignment of Overriding Royalty Interest: This type encompasses all types of minerals found in Mecklenburg County, including coal, iron, limestone, and other valuable mineral resources. The assignee receives a portion of the revenue earned from the extraction and sale of these minerals. 4. Term of Years Assignment of Overriding Royalty Interest: A term of years refers to the specific duration for which the assignment is valid. It determines the length of time the assignee can enjoy the benefits and rights associated with the overriding royalty interest. This term is typically agreed upon by both parties and stated clearly in the assignment. In summary, a Mecklenburg North Carolina Assignment of Overriding Royalty Interest For A Term of Years is a legal document that deals with the transfer of royalty interests in a specific period in relation to oil, gas, or mineral production in Mecklenburg County. It allows the assignee to receive a share of the income generated from these resources, and there are different types depending on the specific resource and the duration of the assignment.

A Mecklenburg North Carolina Assignment of Overriding Royalty Interest For A Term of Years is a legal document that transfers the rights of a royalty interest in oil, gas, or mineral production for a specific period of time in Mecklenburg County, North Carolina. This assignment is common in the oil and gas industry, allowing the assignee to receive a portion of the revenue generated from these natural resources. Keywords: Mecklenburg North Carolina, Assignment, Overriding Royalty Interest, Term of Years, oil, gas, minerals, production, revenue. There are several types of Mecklenburg North Carolina Assignment of Overriding Royalty Interest For A Term of Years, which may include: 1. Oil Assignment of Overriding Royalty Interest: This type of assignment is specific to the rights and revenue generated from oil production activities in Mecklenburg County. It allows the assignee to receive a share of the income generated from the extraction and sale of oil. 2. Gas Assignment of Overriding Royalty Interest: Similar to the oil assignment, this type specifically pertains to gas production activities in Mecklenburg County. The assignee gains a stake in the proceeds generated from the extraction, processing, and sale of natural gas. 3. Mineral Assignment of Overriding Royalty Interest: This type encompasses all types of minerals found in Mecklenburg County, including coal, iron, limestone, and other valuable mineral resources. The assignee receives a portion of the revenue earned from the extraction and sale of these minerals. 4. Term of Years Assignment of Overriding Royalty Interest: A term of years refers to the specific duration for which the assignment is valid. It determines the length of time the assignee can enjoy the benefits and rights associated with the overriding royalty interest. This term is typically agreed upon by both parties and stated clearly in the assignment. In summary, a Mecklenburg North Carolina Assignment of Overriding Royalty Interest For A Term of Years is a legal document that deals with the transfer of royalty interests in a specific period in relation to oil, gas, or mineral production in Mecklenburg County. It allows the assignee to receive a share of the income generated from these resources, and there are different types depending on the specific resource and the duration of the assignment.