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Get Assignment Of Record Title Form - Bureau Of Land Management - Blm
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How to fill out the Assignment Of Record Title Form - Bureau Of Land Management - Blm online
The Assignment Of Record Title Form - Bureau Of Land Management (BLM) is an essential document for conveying interests in oil and gas or geothermal leases. This guide provides a clear, step-by-step approach to completing the form online, ensuring users can navigate it with confidence.
Follow the steps to successfully complete the form online.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- Complete Part A: Assignment. Begin by entering the name and contact details of the assignee in the designated fields, including their street address, city, state, and zip code. If there are multiple assignees, indicate this and attach a separate sheet listing the additional names and addresses.
- Fill in the assignor's name as it appears on the current lease. Next, check the box that identifies whether the assignment is for an Oil and Gas Lease or a Geothermal Lease.
- Specify the type of interest being conveyed in the assignment. You can select one or both options for Record Title and Overriding Royalty or similar interests.
- In the land description section, provide specific details about the land affected by the assignment. If you need more space, utilize page 2 for additional information.
- Complete the percentage of interest conveyed and retained. Ensure to express figures accurately in the provided columns for clarity.
- Proceed to Part B: Certification and Request for Approval. Here, the assignor must certify as the owner of the interest and ensure that all parties involved have signed the document as required.
- Ensure that the lease account is in good standing before submission, as required by regulations. Manual signatures are necessary from both the assignor and assignee.
- Finally, save your changes, download, print, or share the completed form as needed for submission to the appropriate BLM office along with any required fees.
Take the next step in your process by completing the Assignment Of Record Title Form online today.
The only way you can sell a working interest in an oil well is if you are cash flow positive. Ideally, you should be making $500+ net profit after expenses. Anything less, and the risk to the buyer is too high.
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