Mecklenburg North Carolina Assignment of Overriding Royalty Interest with Multiple Leases that are Non Producing with Reservation of the Right to Pool

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Mecklenburg
• Control #: US-OG-691
• Format: Word; Rich Text

Description

This form is used by the Assignor to transfer, assign, and convey to Assignee an overriding royalty interest in multiple non-producing Leases. Mecklenburg North Carolina Assignment of Overriding Royalty Interest with Multiple Leases that are Non Producing with Reservation of the Right to Pool is a legal document that pertains to the transfer of overriding royalty interests in the context of oil and gas leases within Mecklenburg County, North Carolina. This document is specifically designed for situations where there are multiple leases and none of them are currently producing, while also reserving the right to pool the interests. Keywords: Mecklenburg North Carolina, Assignment of Overriding Royalty Interest, Multiple Leases, Non Producing, Reservation of Right to Pool. When it comes to Mecklenburg North Carolina Assignment of Overriding Royalty Interest with Multiple Leases that are Non Producing with Reservation of the Right to Pool, there can be different types based on specific scenarios and parties involved. Some of these variations may include: 1. Voluntary Assignment with Non-Producing Leases and Reservation of Right to Pool: This type of assignment occurs when the overriding royalty interests are willingly transferred between parties, considering the leases involved are non-producing. It also reserves the right to pool the interests if and when the leases become productive. 2. Involuntary Assignment with Non-Producing Leases and Reservation of Right to Pool: This type of assignment happens when the transfer of overriding royalty interests is enforced by legal actions, such as court orders or foreclosure proceedings. The assignment still maintains the reservation of the right to pool in anticipation of potential production. 3. Partial Assignment with Non-Producing Leases and Reservation of Right to Pool: In certain cases, only a portion of the overriding royalty interests may be assigned while some remain with the original owner. This type of assignment could occur when multiple parties have interests in the leases, and there is a need to divide and transfer a specific percentage or fraction of the overriding royalty interests. Regardless of the type, a Mecklenburg North Carolina Assignment of Overriding Royalty Interest with Multiple Leases that are Non Producing with Reservation of the Right to Pool is a crucial legal instrument that governs the transfer and management of overriding royalty interests in situations where leases are non-producing and the right to pool those interests is retained.

Mecklenburg North Carolina Assignment of Overriding Royalty Interest with Multiple Leases that are Non Producing with Reservation of the Right to Pool is a legal document that pertains to the transfer of overriding royalty interests in the context of oil and gas leases within Mecklenburg County, North Carolina. This document is specifically designed for situations where there are multiple leases and none of them are currently producing, while also reserving the right to pool the interests. Keywords: Mecklenburg North Carolina, Assignment of Overriding Royalty Interest, Multiple Leases, Non Producing, Reservation of Right to Pool. When it comes to Mecklenburg North Carolina Assignment of Overriding Royalty Interest with Multiple Leases that are Non Producing with Reservation of the Right to Pool, there can be different types based on specific scenarios and parties involved. Some of these variations may include: 1. Voluntary Assignment with Non-Producing Leases and Reservation of Right to Pool: This type of assignment occurs when the overriding royalty interests are willingly transferred between parties, considering the leases involved are non-producing. It also reserves the right to pool the interests if and when the leases become productive. 2. Involuntary Assignment with Non-Producing Leases and Reservation of Right to Pool: This type of assignment happens when the transfer of overriding royalty interests is enforced by legal actions, such as court orders or foreclosure proceedings. The assignment still maintains the reservation of the right to pool in anticipation of potential production. 3. Partial Assignment with Non-Producing Leases and Reservation of Right to Pool: In certain cases, only a portion of the overriding royalty interests may be assigned while some remain with the original owner. This type of assignment could occur when multiple parties have interests in the leases, and there is a need to divide and transfer a specific percentage or fraction of the overriding royalty interests. Regardless of the type, a Mecklenburg North Carolina Assignment of Overriding Royalty Interest with Multiple Leases that are Non Producing with Reservation of the Right to Pool is a crucial legal instrument that governs the transfer and management of overriding royalty interests in situations where leases are non-producing and the right to pool those interests is retained.