Alameda California Assignment of Overriding Royalty Interest (No Proportionate Reduction)

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Alameda
• Control #: US-OG-939
• Format: Word; Rich Text

Description

This form is an assignment of overriding royalty interest with no proportionate reduction. Alameda California Assignment of Overriding Royalty Interest (No Proportionate Reduction) is a legal document that allows the transfer of ownership or rights in an "overriding royalty interest" in the oil and gas industry. This assignment can be used in Alameda County, California, to transfer these interests without any proportional reduction in the royalty. Overriding royalty interest (ORRIS) refers to a type of interest that is a share of production revenue generated from an oil or gas lease. It is usually granted to someone other than the mineral rights' owner, such as an investor or a party that contributed to the lease acquisition or exploration expenses. An Alameda California Assignment of Overriding Royalty Interest (No Proportionate Reduction) is specifically designed to preserve the entire interest without reducing the assigned ORRIS ownership percentage. Keywords: Alameda California, Assignment, Overriding Royalty Interest, No Proportionate Reduction, Ownership, Transfer, Oil and Gas, Alameda County, Revenue, Mineral Rights, Investor, Production, Lease Acquisition, Exploration Expenses. Different types of assignments related to Overriding Royalty Interest in Alameda County, California, may include: 1. Alameda California Assignment of Overriding Royalty Interest (No Proportionate Reduction) — This type of assignment, as mentioned earlier, focuses on preserving the entire assigned ORRIS ownership percentage without any reduction. 2. Alameda California Assignment of Overriding Royalty Interest (With Proportionate Reduction) — This assignment allows for the transfer of ORRIS ownership, but the assigned interest is subject to proportionate reduction in the event of new interest owners or changes in the lease structure. 3. Alameda California Assignment of Overriding Royalty Interest (Partial Assignment) — This assignment involves the transfer of only a portion of the ORRIS ownership, allowing for shared ownership with other parties. 4. Alameda California Assignment of Overriding Royalty Interest (Absolute Assignment) — This type of assignment transfers the complete ORRIS ownership and associated rights to another party, without any further claims or rights retained by the assignor. 5. Alameda California Assignment of Overriding Royalty Interest (Limited Assignment) — This assignment restricts the transfer of ORRIS ownership to specific properties or wells, limiting the assignee's interest to those designated assets. It is important to consult legal professionals or experts in Alameda County, California, to ensure accuracy and compliance with local laws and regulations when drafting or executing any Assignment of Overriding Royalty Interest.

Alameda California Assignment of Overriding Royalty Interest (No Proportionate Reduction) is a legal document that allows the transfer of ownership or rights in an "overriding royalty interest" in the oil and gas industry. This assignment can be used in Alameda County, California, to transfer these interests without any proportional reduction in the royalty. Overriding royalty interest (ORRIS) refers to a type of interest that is a share of production revenue generated from an oil or gas lease. It is usually granted to someone other than the mineral rights' owner, such as an investor or a party that contributed to the lease acquisition or exploration expenses. An Alameda California Assignment of Overriding Royalty Interest (No Proportionate Reduction) is specifically designed to preserve the entire interest without reducing the assigned ORRIS ownership percentage. Keywords: Alameda California, Assignment, Overriding Royalty Interest, No Proportionate Reduction, Ownership, Transfer, Oil and Gas, Alameda County, Revenue, Mineral Rights, Investor, Production, Lease Acquisition, Exploration Expenses. Different types of assignments related to Overriding Royalty Interest in Alameda County, California, may include: 1. Alameda California Assignment of Overriding Royalty Interest (No Proportionate Reduction) — This type of assignment, as mentioned earlier, focuses on preserving the entire assigned ORRIS ownership percentage without any reduction. 2. Alameda California Assignment of Overriding Royalty Interest (With Proportionate Reduction) — This assignment allows for the transfer of ORRIS ownership, but the assigned interest is subject to proportionate reduction in the event of new interest owners or changes in the lease structure. 3. Alameda California Assignment of Overriding Royalty Interest (Partial Assignment) — This assignment involves the transfer of only a portion of the ORRIS ownership, allowing for shared ownership with other parties. 4. Alameda California Assignment of Overriding Royalty Interest (Absolute Assignment) — This type of assignment transfers the complete ORRIS ownership and associated rights to another party, without any further claims or rights retained by the assignor. 5. Alameda California Assignment of Overriding Royalty Interest (Limited Assignment) — This assignment restricts the transfer of ORRIS ownership to specific properties or wells, limiting the assignee's interest to those designated assets. It is important to consult legal professionals or experts in Alameda County, California, to ensure accuracy and compliance with local laws and regulations when drafting or executing any Assignment of Overriding Royalty Interest.