This form is used by the Owner to provide notice that the overriding royalty interests which are owned by Owners are to be merged into, combined with, and a part of Owners working interest, and the net revenue interest in production Owner is entitled to in all oil and gas produced from the Lands and Leases.
Nassau, New York is a town located in Rensselaer County, in the eastern part of the state. It is known for its scenic beauty, historical attractions, and diverse community. A "Notice of Merger of Working and Overriding Royalty Interests" is a legal document that pertains to the consolidation or combination of these interests in the context of oil and gas industry agreements. It is an important notice that serves to inform parties involved about the changes in ownership, rights, and responsibilities related to these interests. There might be variations of the Nassau New York Notice of Merger of Working and Overriding Royalty Interests based on specific circumstances or parties involved, such as: 1. Nassau New York Notice of Merger of Working Interest: This type of notice specifically relates to the consolidation or combining of working interests in oil and gas operations within Nassau, New York. Working interests refer to the ownership rights to explore and develop a property. 2. Nassau New York Notice of Merger of Overriding Royalty Interests: This notice pertains to the merging of overriding royalty interests in oil and gas operations within Nassau, New York. Overriding royalties are created when a mineral interest owner, who may not have an operating interest, retains a fractional share of revenue from the production of oil and gas. These different types of notices provide essential details to concerned parties, including the effective date of the merger, the parties involved, the affected properties or leases, and any changes in ownership percentages or rights. They comply with legal requirements and ensure transparency and accountability in business transactions related to oil and gas operations. It is crucial to consult with legal professionals or specialists knowledgeable in the field of oil and gas law to draft and understand these notices accurately. This helps guarantee that all parties involved are properly informed about the merger of working and overriding royalty interests in Nassau, New York.
