Franklin Ohio Assignment and Bill of Sale of Gathering Systems for Undivided Interests in Multiple Gathering Systems

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Franklin
• Control #: US-OG-512
• Format: Word; Rich Text

Description

This is a form of an Assignment and Bill of Sale of Gathering Systems (Undivided Interests in Multiple Gathering Systems), this form is provided for assignments and bill of sales of a gathering systems for oil, gas or minerals. Franklin Ohio Assignment and Bill of Sale of Gathering Systems for Undivided Interests in Multiple Gathering Systems is a legal documentation that outlines the transfer of ownership and rights of gathering systems in Franklin, Ohio. A gathering system refers to a network of pipelines, compressors, and other infrastructure used for the collection and transportation of oil, gas, or other substances from multiple production wells to a central processing facility. This assignment and bill of sale is designed to facilitate the transfer of undivided interests in multiple gathering systems, meaning that the ownership rights being transferred can represent a fractional portion of the whole system. This allows for the sale or transfer of ownership in specific portions or shares of gathering systems within a larger network. Keywords: Franklin Ohio, assignment, bill of sale, gathering systems, undivided interests, multiple gathering systems, transfer of ownership, transfer of rights, pipelines, compressors, central processing facility, oil, gas, substances, production wells, infrastructure, fractional portion, shares. Types of Franklin Ohio Assignment and Bill of Sale of Gathering Systems for Undivided Interests in Multiple Gathering Systems: 1. Partial Interest Assignment and Bill of Sale: This type of agreement involves the transfer of a specific, fractional interest or share in one or more gathering systems. It outlines the terms and conditions of the transfer, including the percentage of interest being assigned, the consideration or payment involved, and any rights and obligations of the parties involved. 2. Whole Interest Assignment and Bill of Sale: In contrast to the partial interest assignment, this type of agreement involves the transfer of the complete, undivided interest in one or more gathering systems. It encompasses the sale or conveyance of the entire ownership rights and responsibilities associated with the gathering systems, including all related assets, contracts, and permits. 3. Multiple Interest Assignment and Bill of Sale: This agreement allows for the transfer of multiple undivided interests in various gathering systems from one party to another. It may involve the sale or assignment of multiple fractional interests across different gathering systems, providing flexibility for buyers and sellers to negotiate and structure transactions according to their specific needs. 4. Supplementary Agreement for Transfer of Gathering Systems: This type of agreement complements the assignment and bill of sale by addressing additional terms and conditions related to the transfer of gathering systems. It may include details on access rights, maintenance responsibilities, environmental liabilities, and other provisions relevant to the efficient operation and management of the gathering systems. Note: The specific names or variations of Franklin Ohio Assignment and Bill of Sale of Gathering Systems for Undivided Interests in Multiple Gathering Systems may differ based on the preferences and requirements of the parties involved or the legal counsel engaged for drafting the documents.

Franklin Ohio Assignment and Bill of Sale of Gathering Systems for Undivided Interests in Multiple Gathering Systems is a legal documentation that outlines the transfer of ownership and rights of gathering systems in Franklin, Ohio. A gathering system refers to a network of pipelines, compressors, and other infrastructure used for the collection and transportation of oil, gas, or other substances from multiple production wells to a central processing facility. This assignment and bill of sale is designed to facilitate the transfer of undivided interests in multiple gathering systems, meaning that the ownership rights being transferred can represent a fractional portion of the whole system. This allows for the sale or transfer of ownership in specific portions or shares of gathering systems within a larger network. Keywords: Franklin Ohio, assignment, bill of sale, gathering systems, undivided interests, multiple gathering systems, transfer of ownership, transfer of rights, pipelines, compressors, central processing facility, oil, gas, substances, production wells, infrastructure, fractional portion, shares. Types of Franklin Ohio Assignment and Bill of Sale of Gathering Systems for Undivided Interests in Multiple Gathering Systems: 1. Partial Interest Assignment and Bill of Sale: This type of agreement involves the transfer of a specific, fractional interest or share in one or more gathering systems. It outlines the terms and conditions of the transfer, including the percentage of interest being assigned, the consideration or payment involved, and any rights and obligations of the parties involved. 2. Whole Interest Assignment and Bill of Sale: In contrast to the partial interest assignment, this type of agreement involves the transfer of the complete, undivided interest in one or more gathering systems. It encompasses the sale or conveyance of the entire ownership rights and responsibilities associated with the gathering systems, including all related assets, contracts, and permits. 3. Multiple Interest Assignment and Bill of Sale: This agreement allows for the transfer of multiple undivided interests in various gathering systems from one party to another. It may involve the sale or assignment of multiple fractional interests across different gathering systems, providing flexibility for buyers and sellers to negotiate and structure transactions according to their specific needs. 4. Supplementary Agreement for Transfer of Gathering Systems: This type of agreement complements the assignment and bill of sale by addressing additional terms and conditions related to the transfer of gathering systems. It may include details on access rights, maintenance responsibilities, environmental liabilities, and other provisions relevant to the efficient operation and management of the gathering systems. Note: The specific names or variations of Franklin Ohio Assignment and Bill of Sale of Gathering Systems for Undivided Interests in Multiple Gathering Systems may differ based on the preferences and requirements of the parties involved or the legal counsel engaged for drafting the documents.