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Get Assignment Of Overriding Royalty Interest - Dog Dnr Alaska
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How to use or fill out the Assignment Of Overriding Royalty Interest - Dog Dnr Alaska online
This guide provides clear instructions for completing the Assignment Of Overriding Royalty Interest - Dog Dnr Alaska form online. Whether you are a seasoned user or new to digital document management, this step-by-step approach will assist you in accurately filling out the necessary information.
Follow the steps to successfully complete your form.
- Click the ‘Get Form’ button to access the Assignment Of Overriding Royalty Interest form. This allows you to open the document in your preferred editing interface.
- Begin by entering the Lease ADL number and the corresponding segment information as required.
- Fill in the details for the Assignor/Seller, including their full name and address.
- Next, provide information for the Assignee/Buyer, including their full name and address.
- Indicate the type of assignment by checking the appropriate box for either a secondary transfer of existing overriding royalty interest or an initial separation of overriding royalty interest.
- List the current overriding royalty interest ownership percentage held by the Assignor, ensuring to express it in decimal format with five digits after the decimal point or as previously approved.
- Specify the amount to be assigned by providing the appropriate decimal percentage.
- State the percentage of ownership that the Assignor is retaining, again expressing this in decimal format as required.
- Fill in the details of the lands affected by the assignment, including township, range, and meridian information. If further explanation is needed, attach Exhibit A.
- Complete the signature section, ensuring that both the Assignor and Assignee provide original signatures, along with the date and printed names or titles. Include necessary qualification file numbers for representatives only.
- After completing all sections, review the application for any errors or omissions that could result in delays.
- Once reviewed, you can save changes, download, print, or share the completed form as needed.
Start completing your Assignment Of Overriding Royalty Interest form online today!
The royalty owner receives monthly royalty payments for 25 percent of the monthly proceeds from the sale of $1 million. If the RI is 25 percent, the NRI calculation is: 100 — 25 = 75 percent (NRI) $1,000,000 — $250,000 = $750,000 (monthly NRI)
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