Travis Texas Assignment of Operator's Liens refers to the legal process of transferring or assigning the operator's lien rights between parties involved in the oil and gas industry. An operator's lien is a valuable remedy available to oil and gas operators in Travis County, Texas, when they perform work or supply goods or services to an oil or gas well. In simple terms, an operator's lien gives the operator the right to place a claim against the oil or gas well's production revenue in order to secure payment for the work or services they provided. The lien ensures that the operator receives appropriate compensation for their contributions before other parties are paid. Travis Texas Assignment of Operator's Liens serves as a mechanism by which a lien holder can transfer their lien rights to another party. This assignment generally occurs when an operator wants to transfer or sell their lien to a third party for various reasons, such as settling a debt, raising capital, or assigning the lien to a collection agency to recover payment. These assignments can be of different types, depending on the circumstances and intentions of the parties involved. Some common types of Travis Texas Assignment of Operator's Liens include: 1. Absolute Assignment: This type of assignment involves the complete transfer of the operator's lien to a new party, relinquishing all their rights and ownership over the lien. The new party assumes all responsibilities and benefits associated with the lien, including the right to seek payment from the well's production revenue. 2. Collateral Assignment: In this type of assignment, the operator temporarily assigns their lien as collateral to secure a loan or debt. The operator retains their lien rights until the debt is repaid, at which point the lien is typically returned to the operator. 3. Partial Assignment: A partial assignment of an operator's lien involves transferring a portion of the lien rights to another party, usually for specific work or services rendered. The original operator retains ownership of the remaining lien rights. 4. Assignment for Collection: When an operator facing non-payment decides to assign their lien rights to a collection agency, it is known as an assignment for collection. The collection agency takes over the responsibility of pursuing payment from the debtor, using the assigned lien as leverage. Travis Texas Assignment of Operator's Liens is a crucial aspect of the oil and gas industry, ensuring fair compensation for operators while providing flexibility for lien holders to manage their interests appropriately. It is important to consult with legal professionals familiar with Texas oil and gas laws and regulations when considering or dealing with any assignments of operator's liens in Travis County, Texas.
Travis Texas Assignment of Operator's Liens
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The Travis County Code is the codification of Court Orders representing the policies and procedures of Travis County. The documents presented here are provided for the convenience of the user of the Code and do not constitute the official Travis County Code.
Travis County is located in south central Texas....Travis County, Texas. Travis CountyCongressional districts10th, 17th, 21st, 25th, 35th, 37thWebsitetraviscountytx.gov20 more rows
Certified copies may be requested by phone, email, or in person. There is a $5.00 per document charge for the certification service plus an additional cost of $1.00 per page. We accept Visa, MasterCard, American Express, and Discover credit cards.
How to Find Out Who Owns a Property or House Go the Travis Central Appraisal District Website. Enter the Address in the Property Search Option Box. Click on the View Details Link of Property You're Searching For. Under the Property Tab You See the Owner name & mailing address.
The County Clerk's office maintains Official Public Records beginning in 1836. The records include deeds, land patent records, mortgages, judgments and tax liens.
You can file your mechanics liens with the Travis County Clerk's Recording Division by postal mail, by courier, or in person. The County Clerk also accepts electronic filings of documents from an authorized eRecording submitter.
OPR (Official Public Records) (Last page must have at least 3 inches of space at the bottom or additional page fee applies). $26.00 for the first page and $4.00 for each additional page.
Certified copies may be requested by phone, email, or in person. There is a $5.00 per document charge for the certification service plus an additional cost of $1.00 per page. We accept Visa, MasterCard, American Express, and Discover credit cards.
Established in 1840 by the 4th Congress of the Republic of Texas, and named after William Barret Travis, Travis County prides itself on improving the quality of life of its 1.2 million residents through world-class educational and medical institutions.
