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

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Dallas
• 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. Dallas, Texas Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) refers to a legal agreement concerning the transfer of an overriding royalty interest in oil and gas leases within the Dallas, Texas area. This assignment is specifically applicable to non-producing properties and grants the assignee the right to receive a percentage of the proceeds generated from the production of oil or gas. In this type of agreement, the overriding royalty interest being assigned is associated with a single lease, meaning it pertains to a specific oil or gas lease within the Dallas, Texas region. By acquiring this interest, the assignee is entitled to a share of the revenues generated from the production activities on the designated lease. Furthermore, the assignment of overriding royalty interest reserves the right to pool. Pooling refers to the process of combining multiple small tracts of land under one lease agreement to facilitate more efficient and productive oil or gas extraction operations. By reserving the right to pool, the assignee retains the option to merge the subject lease with other adjacent leases, allowing for enhanced production capabilities and potentially greater financial returns. Types of Dallas, Texas Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) may include variations based on the specific terms and conditions outlined within each assignment agreement. These variations may include periodic payment structures, varying percentage interests in the overriding royalty, and additional provisions related to pooling or other contractual obligations. It is important for all parties involved in these assignments, including the assignor, assignee, and any potential third-party buyers, to thoroughly review and understand the terms and implications of the Dallas, Texas Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) to accurately assess the potential benefits and risks associated with the agreement. In summary, the Dallas, Texas Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) is a legal document facilitating the transfer of a royalty interest in non-producing oil and gas leases within the Dallas, Texas area. The agreement grants the assignee the right to receive a portion of the proceeds generated from the production of oil or gas on the specified lease, while reserving the right to pool, potentially enabling more efficient and productive extraction operations.

Dallas, Texas Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) refers to a legal agreement concerning the transfer of an overriding royalty interest in oil and gas leases within the Dallas, Texas area. This assignment is specifically applicable to non-producing properties and grants the assignee the right to receive a percentage of the proceeds generated from the production of oil or gas. In this type of agreement, the overriding royalty interest being assigned is associated with a single lease, meaning it pertains to a specific oil or gas lease within the Dallas, Texas region. By acquiring this interest, the assignee is entitled to a share of the revenues generated from the production activities on the designated lease. Furthermore, the assignment of overriding royalty interest reserves the right to pool. Pooling refers to the process of combining multiple small tracts of land under one lease agreement to facilitate more efficient and productive oil or gas extraction operations. By reserving the right to pool, the assignee retains the option to merge the subject lease with other adjacent leases, allowing for enhanced production capabilities and potentially greater financial returns. Types of Dallas, Texas Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) may include variations based on the specific terms and conditions outlined within each assignment agreement. These variations may include periodic payment structures, varying percentage interests in the overriding royalty, and additional provisions related to pooling or other contractual obligations. It is important for all parties involved in these assignments, including the assignor, assignee, and any potential third-party buyers, to thoroughly review and understand the terms and implications of the Dallas, Texas Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) to accurately assess the potential benefits and risks associated with the agreement. In summary, the Dallas, Texas Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) is a legal document facilitating the transfer of a royalty interest in non-producing oil and gas leases within the Dallas, Texas area. The agreement grants the assignee the right to receive a portion of the proceeds generated from the production of oil or gas on the specified lease, while reserving the right to pool, potentially enabling more efficient and productive extraction operations.