US Legal Forms
Localized Forms
New York
Queens
Partial Release of Lien on Assigned Overriding Royalty Interest

Queens New York Partial Release of Lien on Assigned Overriding Royalty Interest

Name: Queens New York Partial Release of Lien on Assigned Overriding Royalty Interest
Brand: US Legal Forms
Rating: 4.76 (244 reviews)

Category:

Oil Gas and Minerals - Releases

State:

Multi-State

County:

Queens

Control #:

US-OG-406

Format:

Instant download

Description

This form of release is used when Lienholder releases, relinquishes, and surrenders to Mortgagor/ Grantor's Assignee all of Lienholder's rights, claims, and liens under the Mortgage/Deed of Trust in and to an undivided overriding royalty interest.

Release of liability for student travel of...

View this form

Trademark or Servicemark Questionnaire

View this form

Subcontractor Agreement for Professional S...

View this form

11.3.6 Obviousness

View this form

Revocation of Postnuptial Property Agreement

View this form

How to fill out Queens New York Partial Release Of Lien On Assigned Overriding Royalty Interest?

If you need to get a trustworthy legal paperwork provider to find the Queens Partial Release of Lien on Assigned Overriding Royalty Interest, consider US Legal Forms. No matter if you need to launch your LLC business or manage your belongings distribution, we got you covered. You don't need to be well-versed in in law to locate and download the appropriate form.

You can search from more than 85,000 forms arranged by state/county and case.
The intuitive interface, variety of learning materials, and dedicated support make it simple to locate and complete different papers.
US Legal Forms is a reliable service providing legal forms to millions of customers since 1997.

You can simply select to search or browse Queens Partial Release of Lien on Assigned Overriding Royalty Interest, either by a keyword or by the state/county the document is created for. After finding the needed form, you can log in and download it or retain it in the My Forms tab.

Don't have an account? It's easy to start! Simply locate the Queens Partial Release of Lien on Assigned Overriding Royalty Interest template and check the form's preview and short introductory information (if available). If you're comfortable with the template’s language, go ahead and hit Buy now. Register an account and choose a subscription option. The template will be instantly available for download once the payment is completed. Now you can complete the form.

Taking care of your legal affairs doesn’t have to be expensive or time-consuming. US Legal Forms is here to demonstrate it. Our comprehensive collection of legal forms makes this experience less pricey and more affordable. Create your first company, arrange your advance care planning, draft a real estate contract, or execute the Queens Partial Release of Lien on Assigned Overriding Royalty Interest - all from the convenience of your sofa.

Join US Legal Forms now!

Form Rating

4.76

Satisfied(244)

Form popularity

FAQ

An overriding royalty interest (ORRI) is similar to a royalty interest in that it is also a portion of the proceeds from the sale of production. However, it is not retained under the terms of the oil and gas lease. An ORRI is granted, assigned and created under the terms of a separate document.

1. n. Oil and Gas Business Ownership in a percentage of production or production revenues, free of the cost of production, created by the lessee, company and/or working interest owner and paid by the lessee, company and/or working interest owner out of revenue from the well.

You may convey overriding royalty interest on either an Assignment of Record Title Interest (Form 3000-3), a Transfer of Operating Rights (Form 3000-3a), or on a private assignment. We only require filing of one signed copy per assignment plus a nonrefundable filing fee found at 43 CFR 3000.12.

If a prepetition overriding royalty interest transaction is characterized as a transfer of real property (i.e., a sale), then the interest has effectively been transferred from the debtor's ownership and is not part of the bankruptcy estate.

An overriding royalty interest (ORRI) is an undivided interest in a mineral lease giving the holder the right to a proportional share (receive revenue) of the sale of oil and gas produced. The ORRI is carved out of the working interest or lease.

Overriding royalty interests are an important financing tool for oil and gas companies involved in the exploration and development of oil gas and mineral interests. For investors, they provide an opportunity to participate in mineral production without incurring the costs.

Royalty interest in the oil and gas industry refers to ownership of a portion of a resource or the revenue it produces. A company or person that owns a royalty interest does not bear any operational costs needed to produce the resource, yet they still own a portion of the resource or revenue it produces.

More info

Invalid and for payment out of court of funds Backdated assignment of lien rights was not effective, as it was executed outside. Overriding royalty was an interest in land.I. Decline in the 1980s. Or apply to the entire leasehold without regard to the partial assignment. Leases terminated before defendants resumed production — E Ltd. 's overriding royalty was carved out of defendant lessees' working interest — Since other de-.

Queens New York Partial Release of Lien on Assigned Overriding Royalty Interest

Description

Related forms

Viewed forms

How to fill out Queens New York Partial Release Of Lien On Assigned Overriding Royalty Interest?

Show more info

Form Rating

Form popularity

FAQ

What is the difference between royalty interest and overriding royalty interest?

What is an overriding royalty interest?

How do you transfer overriding royalty interest?

Is an overriding royalty interest real property?

What is an assignment of overriding royalty interest?

What are overriding royalties typically used for?

What is royalty interest?

More info

Trusted and secure by over 3 million people of the world’s leading companies