Bexar Texas Assignment of Overriding Royalty Interest Limited As to Depth

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Bexar
• Control #: US-OG-290
• 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, which is limited to depth. Bexar Texas Assignment of Overriding Royalty Interest Limited As to Depth refers to a legal agreement that grants a specific party the right to receive a share of the revenues derived from oil and gas production from a specific depth or zone within a designated property located in Bexar County, Texas. This type of assignment specifies the limited depth or zone from which the overriding royalty interest will be derived, providing clarity and defining boundaries for the interest holder. There are various types of Bexar Texas Assignment of Overriding Royalty Interest Limited As to Depth, also known as depth-limited overriding royalty interest assignments. Some common variations include: 1. Perforation Depth-Limited Assignment: This type of assignment limits the overriding royalty interest to the specific depth at which the oil or gas well is perforated. It ensures that the interest holder only receives royalties from production activities occurring at the targeted depth. 2. Payzone-Limited Assignment: In this case, the overriding royalty interest is limited to a particular geological pay zone or reservoir within the property. It defines the target formation or rock layer from which the interest holder is entitled to receive royalty payments. 3. Depth Interval-Limited Assignment: This assignment restricts the overriding royalty interest to a specific depth interval, which may encompass multiple formations or reservoirs. It allows the interest holder to benefit from production activities occurring within the defined interval. 4. Stratum-Limited Assignment: The stratum-limited assignment narrows down the overriding royalty interest to a specific geological stratum or rock layer within the property. It ensures that the interest holder receives royalties only from production activities within the designated stratum. These types of assignments are essential for ensuring precise allocation of overriding royalty interests, as they eliminate ambiguity and clearly specify the depth or zone from which the interest holder will derive their share of oil and gas revenues. Understanding the different variations helps parties involved in the oil and gas industry structure agreements that align with their specific needs and objectives.

Bexar Texas Assignment of Overriding Royalty Interest Limited As to Depth refers to a legal agreement that grants a specific party the right to receive a share of the revenues derived from oil and gas production from a specific depth or zone within a designated property located in Bexar County, Texas. This type of assignment specifies the limited depth or zone from which the overriding royalty interest will be derived, providing clarity and defining boundaries for the interest holder. There are various types of Bexar Texas Assignment of Overriding Royalty Interest Limited As to Depth, also known as depth-limited overriding royalty interest assignments. Some common variations include: 1. Perforation Depth-Limited Assignment: This type of assignment limits the overriding royalty interest to the specific depth at which the oil or gas well is perforated. It ensures that the interest holder only receives royalties from production activities occurring at the targeted depth. 2. Payzone-Limited Assignment: In this case, the overriding royalty interest is limited to a particular geological pay zone or reservoir within the property. It defines the target formation or rock layer from which the interest holder is entitled to receive royalty payments. 3. Depth Interval-Limited Assignment: This assignment restricts the overriding royalty interest to a specific depth interval, which may encompass multiple formations or reservoirs. It allows the interest holder to benefit from production activities occurring within the defined interval. 4. Stratum-Limited Assignment: The stratum-limited assignment narrows down the overriding royalty interest to a specific geological stratum or rock layer within the property. It ensures that the interest holder receives royalties only from production activities within the designated stratum. These types of assignments are essential for ensuring precise allocation of overriding royalty interests, as they eliminate ambiguity and clearly specify the depth or zone from which the interest holder will derive their share of oil and gas revenues. Understanding the different variations helps parties involved in the oil and gas industry structure agreements that align with their specific needs and objectives.