Maricopa Arizona Assignment of Overriding Royalty Interest Limited As to Depth

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Maricopa
• 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. Maricopa, Arizona, is known for its diverse range of natural resources, including oil and gas reserves. As a result, the concept of "Assignment of Overriding Royalty Interest Limited As to Depth" holds significance in this region. The Assignment of Overriding Royalty Interest Limited As to Depth refers to a specific agreement or contract that involves the transfer of rights to a portion of the royalties generated from the exploitation of oil and gas reserves in Maricopa, Arizona. This assignment typically limits the depth or specific layers from which the assigned party will receive royalties. There are various types of Maricopa Arizona Assignment of Overriding Royalty Interest Limited As to Depth, categorized based on their specific limitations and contractual obligations. These include: 1. Depth-Limited Assignment: In this type of assignment, the overriding royalty interest is limited to a specific depth or layer within the oil or gas reservoir. This means the assignee will only receive royalties from the production that occurs within the designated depth range. 2. Zone-Limited Assignment: A zone-limited assignment, on the other hand, restricts the overriding royalty interest to a particular geological zone within an oil or gas reservoir. The assignee will only be entitled to royalties generated from the production within that specific zone. 3. Formation-Limited Assignment: The formation-limited assignment limits the overriding royalty interest to a specific rock formation or geological stratum within the Maricopa, Arizona area. The assignee will receive royalties based on production from this particular formation, excluding other layers or depths. 4. Layer-Specific Assignment: This type of assignment assigns overriding royalty interest to a particular layer or interval within a given oil or gas reservoir. The assignee will only receive royalties based on production extracted from that specific layer. It is essential for parties involved in any Assignment of Overriding Royalty Interest Limited As to Depth agreement in Maricopa, Arizona, to fully understand the terms and limitations outlined in the contract. Legal professionals with expertise in oil and gas law can provide guidance and ensure all parties' rights and interests are protected. In conclusion, Maricopa, Arizona, is associated with various types of Assignment of Overriding Royalty Interest Limited As to Depth agreements due to its rich oil and gas reserves. These assignments involve the transfer of royalty rights with limitations on depth, zones, formations, or specific layers within the reservoir. Understanding the particulars of these assignments is crucial for all parties involved in the oil and gas industry in Maricopa, Arizona.

Maricopa, Arizona, is known for its diverse range of natural resources, including oil and gas reserves. As a result, the concept of "Assignment of Overriding Royalty Interest Limited As to Depth" holds significance in this region. The Assignment of Overriding Royalty Interest Limited As to Depth refers to a specific agreement or contract that involves the transfer of rights to a portion of the royalties generated from the exploitation of oil and gas reserves in Maricopa, Arizona. This assignment typically limits the depth or specific layers from which the assigned party will receive royalties. There are various types of Maricopa Arizona Assignment of Overriding Royalty Interest Limited As to Depth, categorized based on their specific limitations and contractual obligations. These include: 1. Depth-Limited Assignment: In this type of assignment, the overriding royalty interest is limited to a specific depth or layer within the oil or gas reservoir. This means the assignee will only receive royalties from the production that occurs within the designated depth range. 2. Zone-Limited Assignment: A zone-limited assignment, on the other hand, restricts the overriding royalty interest to a particular geological zone within an oil or gas reservoir. The assignee will only be entitled to royalties generated from the production within that specific zone. 3. Formation-Limited Assignment: The formation-limited assignment limits the overriding royalty interest to a specific rock formation or geological stratum within the Maricopa, Arizona area. The assignee will receive royalties based on production from this particular formation, excluding other layers or depths. 4. Layer-Specific Assignment: This type of assignment assigns overriding royalty interest to a particular layer or interval within a given oil or gas reservoir. The assignee will only receive royalties based on production extracted from that specific layer. It is essential for parties involved in any Assignment of Overriding Royalty Interest Limited As to Depth agreement in Maricopa, Arizona, to fully understand the terms and limitations outlined in the contract. Legal professionals with expertise in oil and gas law can provide guidance and ensure all parties' rights and interests are protected. In conclusion, Maricopa, Arizona, is associated with various types of Assignment of Overriding Royalty Interest Limited As to Depth agreements due to its rich oil and gas reserves. These assignments involve the transfer of royalty rights with limitations on depth, zones, formations, or specific layers within the reservoir. Understanding the particulars of these assignments is crucial for all parties involved in the oil and gas industry in Maricopa, Arizona.