San Diego California Assignment of Overriding Royalty Interest Limited As to Depth

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: San Diego
• 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. San Diego, California Assignment of Overriding Royalty Interest Limited As to Depth refers to a legal document that grants the assignee a portion of the proceeds from oil, gas, or mineral production from a specific depth range within a designated territory in San Diego, California. This type of assignment is limited to a specific depth range and does not cover the entirety of the mineral rights in the area. The purpose of the Assignment of Overriding Royalty Interest Limited As to Depth is to enable the assignee to receive a percentage of the revenue generated from the extraction and production of minerals, typically in the form of oil and gas, within the assigned depth range. The assignee becomes entitled to this royalty interest without any obligation to assume the costs or responsibilities associated with the operations. There are several types and variations of San Diego California Assignment of Overriding Royalty Interest Limited As to Depth, each tailored to the specific needs and requirements of the parties involved. These may include: 1. Fixed-Depth Assignment: This type of assignment specifies a fixed depth range, often with a defined upper and lower limit, beyond which the assignee does not have any royalty interest. 2. Floating-Depth Assignment: In this case, the depth range for which the assignee holds royalty interest can vary based on the production levels or market conditions. The contract may include provisions that adjust the depth range periodically. 3. Multiple Depth Assignments: This category includes assignments where multiple assignees hold royalty interests in different depth ranges within the same territory. Each assignee will receive a percentage of the proceeds from their specific designated depth range. 4. Time-Limited Assignment: Some assignments may have a specific time frame, after which the royalty interest reverts to the original owner or a different assignee. This type of assignment is often used in situations where the assignor wants to retain ownership after a certain period. 5. Exclusionary Depth Assignment: This type of assignment includes a depth range wherein the assignee holds a royalty interest, while the rest of the territory remains under the ownership of the assignor or other parties. It is important to consult with legal professionals specializing in oil, gas, and mineral rights when dealing with San Diego California Assignment of Overriding Royalty Interest Limited As to Depth. These professionals can provide guidance and help draft a legally binding agreement that protects the interests of both parties involved.

San Diego, California Assignment of Overriding Royalty Interest Limited As to Depth refers to a legal document that grants the assignee a portion of the proceeds from oil, gas, or mineral production from a specific depth range within a designated territory in San Diego, California. This type of assignment is limited to a specific depth range and does not cover the entirety of the mineral rights in the area. The purpose of the Assignment of Overriding Royalty Interest Limited As to Depth is to enable the assignee to receive a percentage of the revenue generated from the extraction and production of minerals, typically in the form of oil and gas, within the assigned depth range. The assignee becomes entitled to this royalty interest without any obligation to assume the costs or responsibilities associated with the operations. There are several types and variations of San Diego California Assignment of Overriding Royalty Interest Limited As to Depth, each tailored to the specific needs and requirements of the parties involved. These may include: 1. Fixed-Depth Assignment: This type of assignment specifies a fixed depth range, often with a defined upper and lower limit, beyond which the assignee does not have any royalty interest. 2. Floating-Depth Assignment: In this case, the depth range for which the assignee holds royalty interest can vary based on the production levels or market conditions. The contract may include provisions that adjust the depth range periodically. 3. Multiple Depth Assignments: This category includes assignments where multiple assignees hold royalty interests in different depth ranges within the same territory. Each assignee will receive a percentage of the proceeds from their specific designated depth range. 4. Time-Limited Assignment: Some assignments may have a specific time frame, after which the royalty interest reverts to the original owner or a different assignee. This type of assignment is often used in situations where the assignor wants to retain ownership after a certain period. 5. Exclusionary Depth Assignment: This type of assignment includes a depth range wherein the assignee holds a royalty interest, while the rest of the territory remains under the ownership of the assignor or other parties. It is important to consult with legal professionals specializing in oil, gas, and mineral rights when dealing with San Diego California Assignment of Overriding Royalty Interest Limited As to Depth. These professionals can provide guidance and help draft a legally binding agreement that protects the interests of both parties involved.