Collin Texas Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool)

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Collin
• 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. Collin Texas Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) refers to a legal agreement in the oil and gas industry that involves the transfer of a portion of the royalty interest to a third party in the Collin County, Texas region. This type of assignment specifically applies to non-producing wells or leases, allowing the assignee to receive a percentage of the royalty income generated from a specific lease or pool of leases. The assignment grants the assignee the right to receive a share of the royalty payments without any obligation to bear the costs of exploration, development, or operational expenses. It is important to note that this assignment is applicable to single leases, meaning a specific lease agreement governing the rights to a certain tract of land. Furthermore, it includes the provision that reserves the right to pool, which allows the assignee to combine the production from multiple leases into one unit or pool, increasing efficiency and optimizing overall production. There are several variations or types of Collin Texas Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) agreements that may be encountered: 1. Collin Texas Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) — Standard Agreement: This is the typical form of the assignment, involving the transfer of overriding royalty interest for non-producing single leases with the right to pool. 2. Collin Texas Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) — Enhanced Pooling Agreement: This type of assignment may include additional provisions that enhance the pooling rights, allowing for more flexibility in combining leases or units and optimizing production activities. 3. Collin Texas Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) — Limited Duration Agreement: Some assignments may have a limited duration, meaning the assignor grants overriding royalty interest for a specific period or until certain conditions are met, such as the commencement of production or the expiration of the lease. The Collin Texas Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) offers opportunities for investors or assignees to benefit from potential future production without any upfront costs or operational responsibilities. This type of agreement can provide a passive income stream and is commonly used in the oil and gas industry to attract capital from interested parties who want to participate in the industry's potential returns.

Collin Texas Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) refers to a legal agreement in the oil and gas industry that involves the transfer of a portion of the royalty interest to a third party in the Collin County, Texas region. This type of assignment specifically applies to non-producing wells or leases, allowing the assignee to receive a percentage of the royalty income generated from a specific lease or pool of leases. The assignment grants the assignee the right to receive a share of the royalty payments without any obligation to bear the costs of exploration, development, or operational expenses. It is important to note that this assignment is applicable to single leases, meaning a specific lease agreement governing the rights to a certain tract of land. Furthermore, it includes the provision that reserves the right to pool, which allows the assignee to combine the production from multiple leases into one unit or pool, increasing efficiency and optimizing overall production. There are several variations or types of Collin Texas Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) agreements that may be encountered: 1. Collin Texas Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) — Standard Agreement: This is the typical form of the assignment, involving the transfer of overriding royalty interest for non-producing single leases with the right to pool. 2. Collin Texas Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) — Enhanced Pooling Agreement: This type of assignment may include additional provisions that enhance the pooling rights, allowing for more flexibility in combining leases or units and optimizing production activities. 3. Collin Texas Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) — Limited Duration Agreement: Some assignments may have a limited duration, meaning the assignor grants overriding royalty interest for a specific period or until certain conditions are met, such as the commencement of production or the expiration of the lease. The Collin Texas Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) offers opportunities for investors or assignees to benefit from potential future production without any upfront costs or operational responsibilities. This type of agreement can provide a passive income stream and is commonly used in the oil and gas industry to attract capital from interested parties who want to participate in the industry's potential returns.