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  • Assignment And Conveyance Of Overriding Royalty Interest

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Ed working interest in and to the oil, gas, and mineral leases (the "Leases") covering lands (the "Lands") described in the Leases. The Leases and the Lands they cover are described in Exhibit "A" attached to and made a part of this Assignment for all purposes. Assignor desires to assign to Assignee, named above, an overriding royalty interest (the "ORI") in and to the Leases and Lands. For adequate consideration, the receipt and sufficiency of which are acknowledged by Assignor, Assignor assign.

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Filling out the Assignment And Conveyance Of Overriding Royalty Interest can seem complex, but this guide will provide you with clear, step-by-step instructions to complete the form online. Whether you have experience with legal documents or are handling this process for the first time, you will find useful information here.

Follow the steps to complete the form accurately and effectively.

  1. Click the ‘Get Form’ button to access the Assignment And Conveyance Of Overriding Royalty Interest document and open it in the online editor.
  2. Fill in the 'State' and 'County' fields at the top of the form, ensuring that the locations are accurate and correspond to where the leases are situated.
  3. Complete the 'Assignor' section by entering the name and address of the person or entity assigning the royalty interest.
  4. In the 'Assignee' section, input the name and address of the person or entity receiving the assigned overriding royalty interest.
  5. Specify the 'Effective Date' of the assignment; this is crucial for establishing when the terms become applicable.
  6. In the section regarding the ownership of the working interest, confirm the Assignor's ownership of an undivided working interest in the oil, gas, and mineral leases, as described in the Leases and Lands.
  7. Indicate the percentage of the overriding royalty interest being assigned by filling in the blank that states equal to ____ of 8/8ths; ensure this accurately reflects the interest to be assigned.
  8. Review the terms, conditions, warranties, and covenants specified in the document to ensure understanding and alignment with the agreement being made.
  9. After accurately filling out all sections, save your changes, and if required, download or print a copy of the document for your records.

Start filling out your Assignment And Conveyance Of Overriding Royalty Interest online today.

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An overriding royalty interest generally entitles the owner of the interest to a specified share of the oil and gas produced under the terms of the lease. In Texas and in many other oil-producing states, overriding royalty interests are generally treated as interests in real estate.

The value of an overriding royalty interest is simple to calculate since it is a percent of the working interest lease. The ORRI value is based on production on the acreage leased by the working interest.

A royalty interest is paid as long as minerals from the land generate revenue. ... Overriding royalty interests are often used as an incentive for those who are affiliated with the drilling process but do not own the minerals or E&P company (a broker or geologist for, example).

An overriding royalty interest is the right to receive revenue from the production of oil and gas from a well. ... An overriding royalty interest expires once the lease has expired and production has stopped, whereas minerals and royalties owners maintain their ownership after production stops.

Overriding Royalty Interest (ORRI) a percentage share of production, or the value derived from production, which is free of all costs of drilling and producing, and is created by the lessee or working interest owner and paid by the lessee or working interest owner.

Overriding Royalty Interest (ORRI) a percentage share of production, or the value derived from production, which is free of all costs of drilling and producing, and is created by the lessee or working interest owner and paid by the lessee or working interest owner.

An overriding royalty interest generally entitles the owner of the interest to a specified share of the oil and gas produced under the terms of the lease. In Texas and in many other oil-producing states, overriding royalty interests are generally treated as interests in real estate.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232