Queens New York Assignment of Overriding Royalty Interest Limited As to Depth

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Queens
• 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. Queens, New York, is a diverse and vibrant borough located in the eastern part of New York City. The assignment of overriding royalty interest limited as to depth in Queens refers to the legal transfer of the right to receive a share of the proceeds from the production of oil, gas, or minerals from a specific property, with the restriction that it only applies to a certain depth of the land. There can be different types of Queens New York Assignment of Overriding Royalty Interest Limited As to Depth, based on various factors such as the specific industry, property, and depth limitations. Some common types include: 1. Oil and Gas Overriding Royalty Interest Limited As to Depth: This type of assignment applies to the extraction of oil and gas reserves from a property within the defined depth limitations. It allows the assignee to receive a percentage of the revenue generated from these resources. 2. Mineral Overriding Royalty Interest Limited As to Depth: This assignment is specific to the extraction of minerals like coal, gold, silver, or copper from a property, but only within predetermined depth limits. The assignee is entitled to a portion of the income generated from these minerals. 3. Natural Resource Overriding Royalty Interest Limited As to Depth: This type of assignment encompasses a broader range of natural resources, including oil, gas, minerals, and other valuable substances. The depth restrictions define the assignee's entitlement to royalties based on the specific resources extracted from the property. In Queens, the assignment of overriding royalty interest limited as to depth serves as a mechanism to allow individuals or companies to benefit financially from the extraction and production of natural resources from a specific property, while still having limitations on the depth and scope of their entitlement. It is important to consult with legal professionals familiar with New York laws and regulations governing the assignment of overriding royalty interest limited as to depth to ensure compliance and protect the rights and interests of all parties involved.

Queens, New York, is a diverse and vibrant borough located in the eastern part of New York City. The assignment of overriding royalty interest limited as to depth in Queens refers to the legal transfer of the right to receive a share of the proceeds from the production of oil, gas, or minerals from a specific property, with the restriction that it only applies to a certain depth of the land. There can be different types of Queens New York Assignment of Overriding Royalty Interest Limited As to Depth, based on various factors such as the specific industry, property, and depth limitations. Some common types include: 1. Oil and Gas Overriding Royalty Interest Limited As to Depth: This type of assignment applies to the extraction of oil and gas reserves from a property within the defined depth limitations. It allows the assignee to receive a percentage of the revenue generated from these resources. 2. Mineral Overriding Royalty Interest Limited As to Depth: This assignment is specific to the extraction of minerals like coal, gold, silver, or copper from a property, but only within predetermined depth limits. The assignee is entitled to a portion of the income generated from these minerals. 3. Natural Resource Overriding Royalty Interest Limited As to Depth: This type of assignment encompasses a broader range of natural resources, including oil, gas, minerals, and other valuable substances. The depth restrictions define the assignee's entitlement to royalties based on the specific resources extracted from the property. In Queens, the assignment of overriding royalty interest limited as to depth serves as a mechanism to allow individuals or companies to benefit financially from the extraction and production of natural resources from a specific property, while still having limitations on the depth and scope of their entitlement. It is important to consult with legal professionals familiar with New York laws and regulations governing the assignment of overriding royalty interest limited as to depth to ensure compliance and protect the rights and interests of all parties involved.