San Antonio Texas Partial Release of Lien on Assigned Overriding Royalty Interest

State:
Multi-State
City:
San Antonio
Control #:
US-OG-406
Format:
Word; 
Rich Text
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.
San Antonio, Texas, is a thriving city located in south-central Texas. It is known for its rich history, vibrant culture, and diverse communities. The city offers a wide range of attractions, including the famous River Walk, the historic Alamo, and numerous museums and parks. San Antonio is also home to a thriving culinary scene and is known for its Tex-Mex cuisine. When it comes to the topic of Partial Release of Lien on Assigned Overriding Royalty Interest in San Antonio, Texas, there are several types to consider. These include: 1. Partial Release of Lien on Assigned Overriding Royalty Interest for Real Estate: This type of release is commonly used in land and property transactions, where a lien holder releases a portion of their claim on assigned overriding royalty interests associated with the property. This allows for the transfer of ownership without the burden of the full lien. 2. Partial Release of Lien on Assigned Overriding Royalty Interest in Oil and Gas Industry: In the oil and gas sector, it is common for parties to assign or transfer overriding royalty interests to secure loans or other financial transactions. A partial release of lien on these assigned overriding royalty interests can occur when a lien holder agrees to release a portion of their claim in exchange for payment or other considerations. 3. Partial Release of Lien on Assigned Overriding Royalty Interest due to Dispute Resolution: Disputes may arise in the assignment or transfer of overriding royalty interests, leading to the need for a partial release of lien. This can occur when parties come to a resolution regarding the ownership or financial obligations tied to the assigned interests, resulting in a partial release of the lien. It is important to note that the specifics of a San Antonio, Texas, Partial Release of Lien on Assigned Overriding Royalty Interest may vary depending on the particular circumstances, the underlying agreement, and the parties involved. Seeking legal advice and consulting relevant documents is crucial to fully understanding the implications and requirements of such a release. Overall, San Antonio, Texas, provides a fertile ground for various types of Partial Release of Lien on Assigned Overriding Royalty Interest transactions, whether in real estate or the oil and gas industry. Understanding the specific context and legal processes involved in each scenario is essential for anyone engaging in such transactions in this vibrant city.

San Antonio, Texas, is a thriving city located in south-central Texas. It is known for its rich history, vibrant culture, and diverse communities. The city offers a wide range of attractions, including the famous River Walk, the historic Alamo, and numerous museums and parks. San Antonio is also home to a thriving culinary scene and is known for its Tex-Mex cuisine. When it comes to the topic of Partial Release of Lien on Assigned Overriding Royalty Interest in San Antonio, Texas, there are several types to consider. These include: 1. Partial Release of Lien on Assigned Overriding Royalty Interest for Real Estate: This type of release is commonly used in land and property transactions, where a lien holder releases a portion of their claim on assigned overriding royalty interests associated with the property. This allows for the transfer of ownership without the burden of the full lien. 2. Partial Release of Lien on Assigned Overriding Royalty Interest in Oil and Gas Industry: In the oil and gas sector, it is common for parties to assign or transfer overriding royalty interests to secure loans or other financial transactions. A partial release of lien on these assigned overriding royalty interests can occur when a lien holder agrees to release a portion of their claim in exchange for payment or other considerations. 3. Partial Release of Lien on Assigned Overriding Royalty Interest due to Dispute Resolution: Disputes may arise in the assignment or transfer of overriding royalty interests, leading to the need for a partial release of lien. This can occur when parties come to a resolution regarding the ownership or financial obligations tied to the assigned interests, resulting in a partial release of the lien. It is important to note that the specifics of a San Antonio, Texas, Partial Release of Lien on Assigned Overriding Royalty Interest may vary depending on the particular circumstances, the underlying agreement, and the parties involved. Seeking legal advice and consulting relevant documents is crucial to fully understanding the implications and requirements of such a release. Overall, San Antonio, Texas, provides a fertile ground for various types of Partial Release of Lien on Assigned Overriding Royalty Interest transactions, whether in real estate or the oil and gas industry. Understanding the specific context and legal processes involved in each scenario is essential for anyone engaging in such transactions in this vibrant city.

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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 A percentage share of production, or the value derived from production, which is free of all costs of drilling and producing, and is created by the lessee or working interest owner and paid by the lessee or working interest owner.

The Bankruptcy Code defines a production payment as a type of term overriding royalty or an interest in liquid or gaseous hydrocarbons in place or to be produced from particular real property that entitles the owner thereof to a share of production, or the value thereof, for a term limited by time, quantity, or

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.NRI = Working Interest Royalty Interests. 100 25 = 75 percent (NRI) $1,000,000 $250,000 = $750,000 (monthly NRI)

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.

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.

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.

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.

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OVERRIDING ROYALTY INTERESTS AND ROYALTY INTERESTS. Assignment of overriding Royalty Interest dated "totobcr 7,.1987, froa Huffco Petroleum Corporation, Assignor, to Walter. Overriding royalty in all of Section 28. Early in the 1970s Jerry returned to San Antonio, Texas. Fill out the form to access a sample of Practical Guidance. (4) Title that is subject to an outstanding royalty interest, Sweet v. Overriding royalty was an interest in land.

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San Antonio Texas Partial Release of Lien on Assigned Overriding Royalty Interest