Broward Florida Assignment of Overriding Royalty Interest Limited As to Depth

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Broward
• 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. The Broward Florida Assignment of Overriding Royalty Interest Limited As to Depth is a legal document that outlines the transfer of rights to the overriding royalty interest in an oil or gas lease. This assignment is specific to properties located within Broward County, Florida. The overriding royalty interest is a percentage or fraction of the revenue generated from the production and sale of oil or gas from a specific lease. However, this assignment limits the interest to a certain depth or range of depths. There are several types of Broward Florida Assignment of Overriding Royalty Interest Limited As to Depth, including: 1. Specific Depth Assignment: This type of assignment specifies a particular range of depths for which the overriding royalty interest is assigned. For example, it may assign the interest only for depths between 5,000 and 8,000 feet. 2. Depth Range Assignment: In this type, the assignment covers a broader range of depths. It may assign the overriding royalty interest for depths between 2,000 and 10,000 feet, allowing for more flexibility in the potential production zone. 3. Multiple Depths Assignment: This assignment type allows for the designation of multiple depth ranges, each with its own assigned overriding royalty interest. It may involve assigning different percentages, fractions, or fixed amounts for various depth intervals. 4. Depth Exclusion Assignment: This assignment excludes specific depths from the overriding royalty interest. It may exclude particular zones that are already subject to existing assignments or reserved rights, ensuring clarity and avoiding conflict among different interest holders. The Broward Florida Assignment of Overriding Royalty Interest Limited As to Depth is essential for both the assignor (the person or entity transferring the interest) and the assignee (the person or entity receiving the interest) as it clearly defines the rights and limitations associated with the overriding royalty interest. It is crucial to consult legal professionals familiar with oil and gas law to ensure compliance with relevant regulations and to protect the interests of all parties involved.

The Broward Florida Assignment of Overriding Royalty Interest Limited As to Depth is a legal document that outlines the transfer of rights to the overriding royalty interest in an oil or gas lease. This assignment is specific to properties located within Broward County, Florida. The overriding royalty interest is a percentage or fraction of the revenue generated from the production and sale of oil or gas from a specific lease. However, this assignment limits the interest to a certain depth or range of depths. There are several types of Broward Florida Assignment of Overriding Royalty Interest Limited As to Depth, including: 1. Specific Depth Assignment: This type of assignment specifies a particular range of depths for which the overriding royalty interest is assigned. For example, it may assign the interest only for depths between 5,000 and 8,000 feet. 2. Depth Range Assignment: In this type, the assignment covers a broader range of depths. It may assign the overriding royalty interest for depths between 2,000 and 10,000 feet, allowing for more flexibility in the potential production zone. 3. Multiple Depths Assignment: This assignment type allows for the designation of multiple depth ranges, each with its own assigned overriding royalty interest. It may involve assigning different percentages, fractions, or fixed amounts for various depth intervals. 4. Depth Exclusion Assignment: This assignment excludes specific depths from the overriding royalty interest. It may exclude particular zones that are already subject to existing assignments or reserved rights, ensuring clarity and avoiding conflict among different interest holders. The Broward Florida Assignment of Overriding Royalty Interest Limited As to Depth is essential for both the assignor (the person or entity transferring the interest) and the assignee (the person or entity receiving the interest) as it clearly defines the rights and limitations associated with the overriding royalty interest. It is crucial to consult legal professionals familiar with oil and gas law to ensure compliance with relevant regulations and to protect the interests of all parties involved.