Middlesex Massachusetts Assignment of Overriding Royalty Interest Limited As to Depth

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Middlesex
• 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. Middlesex County, Massachusetts, is one of the 14 counties in the state and is located in the Greater Boston area. It is known for its rich history, diverse culture, vibrant economy, and being home to several prestigious academic institutions. Assignment of Overriding Royalty Interest Limited As to Depth is a legal term related to the ownership and compensation of mineral rights or oil and gas royalties in Middlesex County, Massachusetts. This term signifies the transfer or assignment of a portion of the interest or rights to receive royalties from the production of oil or gas in a specific depth range. There are two different types of Middlesex Massachusetts Assignment of Overriding Royalty Interest Limited As to Depth: 1. Surface Assignment of Overriding Royalty Interest Limited As to Depth: A surface assignment refers to the transfer of overriding royalty interest in a specific depth range, typically from the surface down to a certain depth. This type of assignment involves the rights to receive royalties from the production of oil or gas that occurs within the designated depth range. 2. Subsurface Assignment of Overriding Royalty Interest Limited As to Depth: A subsurface assignment implies the transfer of overriding royalty interest in a specific depth range below a certain depth. It pertains to the rights to receive royalties from oil or gas production that occurs at depths below the designated range. These assignments are often part of agreements or contracts between mineral owners, leaseholders, and operators of oil or gas wells in Middlesex County. They establish the terms of ownership, compensation, and limitations regarding the depth range. The assignment of overriding royalty interest limited as to depth ensures that the parties involved have a clear understanding of their rights and obligations related to the extraction and production of oil or gas within a specified depth range in Middlesex Massachusetts.

Middlesex County, Massachusetts, is one of the 14 counties in the state and is located in the Greater Boston area. It is known for its rich history, diverse culture, vibrant economy, and being home to several prestigious academic institutions. Assignment of Overriding Royalty Interest Limited As to Depth is a legal term related to the ownership and compensation of mineral rights or oil and gas royalties in Middlesex County, Massachusetts. This term signifies the transfer or assignment of a portion of the interest or rights to receive royalties from the production of oil or gas in a specific depth range. There are two different types of Middlesex Massachusetts Assignment of Overriding Royalty Interest Limited As to Depth: 1. Surface Assignment of Overriding Royalty Interest Limited As to Depth: A surface assignment refers to the transfer of overriding royalty interest in a specific depth range, typically from the surface down to a certain depth. This type of assignment involves the rights to receive royalties from the production of oil or gas that occurs within the designated depth range. 2. Subsurface Assignment of Overriding Royalty Interest Limited As to Depth: A subsurface assignment implies the transfer of overriding royalty interest in a specific depth range below a certain depth. It pertains to the rights to receive royalties from oil or gas production that occurs at depths below the designated range. These assignments are often part of agreements or contracts between mineral owners, leaseholders, and operators of oil or gas wells in Middlesex County. They establish the terms of ownership, compensation, and limitations regarding the depth range. The assignment of overriding royalty interest limited as to depth ensures that the parties involved have a clear understanding of their rights and obligations related to the extraction and production of oil or gas within a specified depth range in Middlesex Massachusetts.