The Bexar Texas Assignment of Overriding Royalty Interest for Multiple Leases is a legal document that outlines the transfer of overriding royalty interests from one party to another. This assignment is specifically designed for multiple leases and involves the calculation of the difference between a specified percentage and the existing leasehold burdens. In Bexar County, Texas, there are different types of Bexar Texas Assignment of Overriding Royalty Interest for Multiple Leases, which include: 1. Assignment of Overriding Royalty Interest — Fixed Percentage: This type of assignment involves the transfer of a specific fixed percentage of overriding royalty interest from the assignor to the assignee. The difference between this fixed percentage and the existing leasehold burdens is calculated and assigned. 2. Assignment of Overriding Royalty Interest — Variable Percentage: In this type of assignment, the specified percentage of overriding royalty interest differs for each lease. The assignor designates a varying percentage for each lease, and the assignment is based on the difference between these specified percentages and the existing leasehold burdens. 3. Assignment of Overriding Royalty Interest — Differential Percentage: This type of assignment involves a differential factor that is applied to the existing leasehold burdens. The assignor specifies a differential percentage, and the resulting assignment is calculated by multiplying this percentage by the leasehold burdens. The Bexar Texas Assignment of Overriding Royalty Interest for Multiple Leases is crucial in the oil and gas industry, as it allows for the efficient transfer of royalty interests between parties. This legal document ensures that the assignee receives the appropriate percentage of the overriding royalty interest, factoring in the existing leasehold burdens associated with each lease.
Bexar Texas Assignment of Overriding Royalty Interest for Multiple Leases - Interest Assigned Is Difference Between Specified Percentage and Existing Leasehold Burdens
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