US Legal Forms
Localized Forms
Washington
King
Assignment of Overriding Royalty Interest Limited As to Depth

King Washington Assignment of Overriding Royalty Interest Limited As to Depth

Name: King Washington Assignment of Overriding Royalty Interest Limited As to Depth
Brand: US Legal Forms
Rating: 4.58 (310 reviews)

Category:

Oil Gas and Minerals - Assignments

State:

Multi-State

County:

King

Control #:

US-OG-290

Format:

Instant download

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.

Consignment Agreement

View this form

How to fill out King Washington Assignment Of Overriding Royalty Interest Limited As To Depth?

If you need to find a reliable legal form supplier to obtain the King Assignment of Overriding Royalty Interest Limited As to Depth, look no further than US Legal Forms. No matter if you need to start your LLC business or take care of your asset distribution, we got you covered. You don't need to be well-versed in in law to find and download the appropriate template.

You can select from more than 85,000 forms categorized by state/county and case.
The self-explanatory interface, number of supporting materials, and dedicated support make it simple to locate and execute various documents.
US Legal Forms is a reliable service offering legal forms to millions of customers since 1997.

Simply select to search or browse King Assignment of Overriding Royalty Interest Limited As to Depth, either by a keyword or by the state/county the document is created for. After finding the necessary template, you can log in and download it or save it in the My Forms tab.

Don't have an account? It's effortless to get started! Simply find the King Assignment of Overriding Royalty Interest Limited As to Depth template and check the form's preview and short introductory information (if available). If you're confident about the template’s language, go ahead and hit Buy now. Register an account and choose a subscription plan. The template will be instantly available for download as soon as the payment is processed. Now you can execute the form.

Handling your law-related matters doesn’t have to be expensive or time-consuming. US Legal Forms is here to prove it. Our extensive variety of legal forms makes this experience less costly and more affordable. Set up your first business, organize your advance care planning, create a real estate contract, or execute the King Assignment of Overriding Royalty Interest Limited As to Depth - all from the convenience of your sofa.

Form Rating

4.58

Satisfied(310)

Form popularity

FAQ

1. n. Oil and Gas Business Ownership in a percentage of production or production revenues, free of the cost of production, created by the lessee, company and/or working interest owner and paid by the lessee, company and/or working interest owner out of revenue from the well.

Royalty interest in the oil and gas industry refers to ownership of a portion of a resource or the revenue it produces. A company or person that owns a royalty interest does not bear any operational costs needed to produce the resource, yet they still own a portion of the resource or revenue it produces.

Royalty Interest an ownership in production that bears no cost in production. Royalty interest owners receive their share of production revenue before the working interest owners. Working Interest an ownership in a well that bears 100% of the cost of production.

An overriding royalty interest (ORRI) is similar to a royalty interest in that it is also a portion of the proceeds from the sale of production. However, it is not retained under the terms of the oil and gas lease. An ORRI is granted, assigned and created under the terms of a separate document.

You may convey overriding royalty interest on either an Assignment of Record Title Interest (Form 3000-3), a Transfer of Operating Rights (Form 3000-3a), or on a private assignment. We only require filing of one signed copy per assignment plus a nonrefundable filing fee found at 43 CFR 3000.12.

If a prepetition overriding royalty interest transaction is characterized as a transfer of real property (i.e., a sale), then the interest has effectively been transferred from the debtor's ownership and is not part of the bankruptcy estate.

A gross overriding royalty entitles the owner to a share of the market price of the mined product as at the time they are available to be taken less any costs incurred by the operator to bring the product to the point of sale.

Overriding Royalty Interest (ORRI) a percentage share of production, or the value derived from production, which is free of all costs of drilling and producing, and is created by the lessee or working interest owner and paid by the lessee or working interest owner.

An overriding royalty interest (ORRI) is an undivided interest in a mineral lease giving the holder the right to a proportional share (receive revenue) of the sale of oil and gas produced. The ORRI is carved out of the working interest or lease.

Interesting Questions

More info

Common for a lease or an interest in a lease to be assigned. 02 Limited Power of Disposition of the Trust.

King Washington Assignment of Overriding Royalty Interest Limited As to Depth

Description

Related forms

Viewed forms

How to fill out King Washington Assignment Of Overriding Royalty Interest Limited As To Depth?

Show more info

Form Rating

Form popularity

FAQ

What is an overriding royalty interest?

What is a royalty interest?

What is the difference between working interest and royalty interest?

What is the difference between a royalty interest and an overriding royalty interest?

What is a overriding royalty interest?

How do you transfer overriding royalty interest?

Is an overriding royalty interest real property?

What is a gross overriding royalty?

What does overriding royalty interest mean?

What is an assignment of overriding royalty interest?

Interesting Questions

What is King Assignment of Overriding Royalty Interest Limited As to Depth660013?

Why would someone choose to assign their royalty interest?

Who can assign their overriding royalty interest?

What does it mean to have an overriding royalty interest?

What is meant by 'Limited As to Depth660013' in the assignment title?

Is there a time limit on the assigned royalty interest?

More info

Trusted and secure by over 3 million people of the world’s leading companies