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Assignment of Overriding Royalty Interest with Multiple Leases that...

San Diego California Assignment of Overriding Royalty Interest with Multiple Leases that are Non Producing with Reservation of the Right to Pool

Name: San Diego California Assignment of Overriding Royalty Interest with Multiple Leases that are Non Producing with Reservation of the Right to Pool
Brand: US Legal Forms
Rating: 4.77 (326 reviews)

Category:

Oil Gas and Minerals - Assignments

State:

Multi-State

County:

San Diego

Control #:

US-OG-691

Format:

Instant download

Description

This form is used by the Assignor to transfer, assign, and convey to Assignee an overriding royalty interest in multiple non-producing Leases.

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How to fill out San Diego California Assignment Of Overriding Royalty Interest With Multiple Leases That Are Non Producing With Reservation Of The Right To Pool?

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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.

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.

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.

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.

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

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.

An interest in land that has no right of possession or use just the right to receive a royalty. 2022

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Pursuant to an Oil and Gas Lease, the Lessor retains the Lessor Royalty. DIVISION ORDER EXECUTIVE RIGHTS HELD BY PRODUCTION HORIZONTAL PUGH CLAUSE NET MINERAL ACRES NON-EXECUTIVE MINERAL INTEREST NON-PARTICIPATING ROYALTYEarly in the 1970s Jerry returned to San Antonio, Texas. The information in this Item 7. 01 (including Exhibit 99. Interests in, or secured by, a segregated, income-producing asset or pool of assets, in a transaction structured to reduce or reallocate.

See also the next two pages.) Item 7.03 (Contrast to Exhibit 103.) Item 7.04 (Contrast to Exhibit 105.) B. The Ban corp of Central Texas and the Board of Directors In November 1984, the Ban corp of Central Texas, a foreign corporation owned by a group of foreign corporations and one or more of their United States subsidiaries, purchased the assets of the Dallas Ban corp, a domestic corporation, for 26.4 million. As part of its acquisition of the Dallas Ban corp, Ban corp of Central Texas and its affiliates took over control of the Ban corp of Texas, a domestic firm. The Ban corp of Central Texas and its affiliates held an option to purchase the Ban corp of Texas in the event of its bankruptcy. A. Under the Ban corp of Texas, Consolidation of Equity Preferred Stock Held by Dallas Ban corp. During 1984, Dallas Ban corp was consolidated with the Central Texas Ban corp as the largest domestic entity in the consolidated pool.

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San Diego California Assignment of Overriding Royalty Interest with Multiple Leases that are Non Producing with Reservation of the Right to Pool

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FAQ

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Interesting Questions

What is an Assignment of Overriding Royalty Interest (ORRI)?

What are multiple leases that are non-producing?

What does it mean to reserve the right to pool?

What is Pooling 562419 in San Diego?

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Can an Assignment of Overriding Royalty Interest be made on non-producing leases?

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