Franklin Ohio Assignment of Overriding Royalty Interest Limited As to Depth

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Franklin
• 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. Franklin Ohio Assignment of Overriding Royalty Interest Limited As to Depth is a legal document that grants a limited overriding royalty interest to an assignee in a specific depth range within Franklin, Ohio. This assignment is a contractual agreement that allows the assignee to receive a share of the revenue generated from the production of oil, gas, or other minerals from a designated depth interval. There may be different types of Franklin Ohio Assignment of Overriding Royalty Interest Limited As to Depth, which can vary based on the specific depth range included in the agreement. These may include: 1. Shallow Depth Assignment: This type of assignment limits the overriding royalty interest to depths near the surface, typically encompassing shallow oil or gas reservoirs. 2. Intermediate Depth Assignment: This assignment focuses on a mid-level depth range within Franklin, Ohio. It may cover a broader range of oil or gas deposits located at intermediate depths below the surface. 3. Deep Depth Assignment: This type of assignment addresses deep-level drilling and exploration activities. It grants the assignee a limited overriding royalty interest in oil, gas, or mineral reserves found at significant depths within Franklin, Ohio. The Franklin Ohio Assignment of Overriding Royalty Interest Limited As to Depth serves as an essential tool for property owners, oil and gas companies, and investors to define rights and interests when it comes to the extraction and utilization of valuable resources within specific depth intervals. The document outlines the obligations, rights, and limitations for both the assignor and assignee, ensuring a fair and transparent agreement. Important keywords for this topic may include Franklin Ohio, assignment, overriding royalty interest, limited as to depth, contractual agreement, revenue share, oil, gas, minerals, production, depth range, assignee, assignor, surface, reservoirs, drilling, exploration activities, property owners, oil and gas companies, investors.

Franklin Ohio Assignment of Overriding Royalty Interest Limited As to Depth is a legal document that grants a limited overriding royalty interest to an assignee in a specific depth range within Franklin, Ohio. This assignment is a contractual agreement that allows the assignee to receive a share of the revenue generated from the production of oil, gas, or other minerals from a designated depth interval. There may be different types of Franklin Ohio Assignment of Overriding Royalty Interest Limited As to Depth, which can vary based on the specific depth range included in the agreement. These may include: 1. Shallow Depth Assignment: This type of assignment limits the overriding royalty interest to depths near the surface, typically encompassing shallow oil or gas reservoirs. 2. Intermediate Depth Assignment: This assignment focuses on a mid-level depth range within Franklin, Ohio. It may cover a broader range of oil or gas deposits located at intermediate depths below the surface. 3. Deep Depth Assignment: This type of assignment addresses deep-level drilling and exploration activities. It grants the assignee a limited overriding royalty interest in oil, gas, or mineral reserves found at significant depths within Franklin, Ohio. The Franklin Ohio Assignment of Overriding Royalty Interest Limited As to Depth serves as an essential tool for property owners, oil and gas companies, and investors to define rights and interests when it comes to the extraction and utilization of valuable resources within specific depth intervals. The document outlines the obligations, rights, and limitations for both the assignor and assignee, ensuring a fair and transparent agreement. Important keywords for this topic may include Franklin Ohio, assignment, overriding royalty interest, limited as to depth, contractual agreement, revenue share, oil, gas, minerals, production, depth range, assignee, assignor, surface, reservoirs, drilling, exploration activities, property owners, oil and gas companies, investors.