Fulton Georgia Assignment of Overriding Royalty Interest Limited As to Depth

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Fulton
• 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. Fulton County, Georgia is home to various industries, including the oil and gas sector. In this context, an "Assignment of Overriding Royalty Interest Limited As to Depth" is a legal document that assigns a portion of the royalty interest associated with an oil or gas well to another party. This agreement is specific to the depth at which the rights are assigned, meaning that the assignee only holds rights to the royalties derived from the production occurring at that designated depth. There are different types of Fulton County, Georgia Assignment of Overriding Royalty Interest Limited As to Depth, which can vary based on the specific circumstances and requirements of the parties involved. Some of these variations may include: 1) Vertical Assignment: This type of assignment limits the overriding royalty interest to a specific vertical depth interval within the well. For instance, an assignee may only have rights to royalties generated from the production occurring between 5,000 and 6,000 feet depth in the well. 2) Horizontal Assignment: In contrast to the vertical assignment, a horizontal assignment designates a specific lateral section within the well for which the overriding royalty interest applies. For example, the assignee may have rights to the royalties generated from the production occurring in the lateral section between 1,000 and 2,000 feet within the well. 3) Depth Range Assignment: This type of assignment allows for a broader range of depths to be assigned. The assignee holds overriding royalty interest rights to royalties generated from the production occurring within a defined depth range, such as 3,000 to 5,000 feet. These various types of Fulton County, Georgia Assignment of Overriding Royalty Interest Limited As to Depth agreements provide flexibility in tailoring royalty interests to meet the needs of both assignors (the party granting the royalty interest) and assignees (the party receiving the royalty interest). Having such assignments limited to specific depths offers a way to divide and allocate royalty rights within a well, helping to ensure the fair distribution of financial benefits among involved parties in the oil and gas industry.

Fulton County, Georgia is home to various industries, including the oil and gas sector. In this context, an "Assignment of Overriding Royalty Interest Limited As to Depth" is a legal document that assigns a portion of the royalty interest associated with an oil or gas well to another party. This agreement is specific to the depth at which the rights are assigned, meaning that the assignee only holds rights to the royalties derived from the production occurring at that designated depth. There are different types of Fulton County, Georgia Assignment of Overriding Royalty Interest Limited As to Depth, which can vary based on the specific circumstances and requirements of the parties involved. Some of these variations may include: 1) Vertical Assignment: This type of assignment limits the overriding royalty interest to a specific vertical depth interval within the well. For instance, an assignee may only have rights to royalties generated from the production occurring between 5,000 and 6,000 feet depth in the well. 2) Horizontal Assignment: In contrast to the vertical assignment, a horizontal assignment designates a specific lateral section within the well for which the overriding royalty interest applies. For example, the assignee may have rights to the royalties generated from the production occurring in the lateral section between 1,000 and 2,000 feet within the well. 3) Depth Range Assignment: This type of assignment allows for a broader range of depths to be assigned. The assignee holds overriding royalty interest rights to royalties generated from the production occurring within a defined depth range, such as 3,000 to 5,000 feet. These various types of Fulton County, Georgia Assignment of Overriding Royalty Interest Limited As to Depth agreements provide flexibility in tailoring royalty interests to meet the needs of both assignors (the party granting the royalty interest) and assignees (the party receiving the royalty interest). Having such assignments limited to specific depths offers a way to divide and allocate royalty rights within a well, helping to ensure the fair distribution of financial benefits among involved parties in the oil and gas industry.