The Bexar Texas Assignment of Production Payment Measured by Value Received is a legal agreement that governs the assignment of production payments related to oil and gas assets in Bexar County, Texas. This type of assignment is specific to the measurement of value received for the production payments. In Bexar County, there are different types of Assignment of Production Payment Measured by Value Received, which include: 1. Single Well Assignment: This type of assignment focuses on the measurement and assignment of production payments from a single well or a specific set of wells within the county. It involves transferring the right to receive production payments from the assignor to the assignee, with the value being determined based on the actual production and market prices. 2. Multi-Well Assignment: In this case, the assignment covers multiple wells or a group of wells within Bexar County. The parties involved agree to assign and transfer the production payments proportionally from all the included wells. The measurement of value received is based on the aggregated production and market prices from the designated wells. 3. Royalty Assignment: Another variant of the Assignment of Production Payment Measured by Value Received is the royalty assignment. It involves the transfer of the royalty interest in oil and gas production, where the assignor gives up the right to receive a percentage of the production's proceeds in exchange for a lump sum or ongoing payments. The value received is determined by the agreed-upon royalty percentage and the overall production value. The Bexar Texas Assignment of Production Payment Measured by Value Received is a crucial legal document that ensures the fair and transparent transfer of production payments in relation to oil and gas assets. It helps to establish clear rights and obligations between the assigning party (assignor) and the receiving party (assignee) while considering the current market value and production levels of the designated assets.
Bexar Texas Assignment of Production Payment Measured by Value Received
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