Bronx New York Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool)

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Bronx
• Control #: US-OG-940
• Format: Word; Rich Text

Description

This form is an assignment of overriding royalty interest for a non-producing, single lease with reserves the right to pool. Bronx, New York is a vibrant borough located in the northern part of New York City. It is known for its diverse population, rich history, and cultural attractions. The Bronx is home to numerous landmarks and institutions, including the renowned Bronx Zoo, Yankee Stadium, and the New York Botanical Garden. Now, turning our attention to the Bronx New York Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool), this legal agreement pertains to the rights and interests associated with oil and gas operations. Keywords that can be used to describe this particular type of assignment include "Bronx New York," "Assignment of Overriding Royalty Interest," "Non-Producing," "Single Lease," and "Reserves Right to Pool." In the context of oil and gas operations, an "Assignment of Overriding Royalty Interest" refers to the transfer of a portion of the royalty interest generated by oil or gas production. This assignment can be non-producing, meaning that the lease is currently not producing any oil or gas. It is also specifically tied to a single lease, indicating that the overriding royalty interest is associated with a particular lease agreement. Furthermore, this assignment reserves the right to pool. In the oil and gas industry, pooling refers to the act of combining multiple oil or gas leases into a single unit for the purpose of efficient extraction. By reserving the right to pool, the assignee retains the ability to participate in any future pooling activities related to the lease. While there may not be different types of Bronx New York Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool), variations of this assignment can exist based on specific terms, conditions, and governing laws. Legal professionals specialized in oil and gas transactions can provide further insights and clarify any additional subcategories or classifications related to this particular assignment within the Bronx, New York area.

Bronx, New York is a vibrant borough located in the northern part of New York City. It is known for its diverse population, rich history, and cultural attractions. The Bronx is home to numerous landmarks and institutions, including the renowned Bronx Zoo, Yankee Stadium, and the New York Botanical Garden. Now, turning our attention to the Bronx New York Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool), this legal agreement pertains to the rights and interests associated with oil and gas operations. Keywords that can be used to describe this particular type of assignment include "Bronx New York," "Assignment of Overriding Royalty Interest," "Non-Producing," "Single Lease," and "Reserves Right to Pool." In the context of oil and gas operations, an "Assignment of Overriding Royalty Interest" refers to the transfer of a portion of the royalty interest generated by oil or gas production. This assignment can be non-producing, meaning that the lease is currently not producing any oil or gas. It is also specifically tied to a single lease, indicating that the overriding royalty interest is associated with a particular lease agreement. Furthermore, this assignment reserves the right to pool. In the oil and gas industry, pooling refers to the act of combining multiple oil or gas leases into a single unit for the purpose of efficient extraction. By reserving the right to pool, the assignee retains the ability to participate in any future pooling activities related to the lease. While there may not be different types of Bronx New York Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool), variations of this assignment can exist based on specific terms, conditions, and governing laws. Legal professionals specialized in oil and gas transactions can provide further insights and clarify any additional subcategories or classifications related to this particular assignment within the Bronx, New York area.