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How to fill out the Assignment And Conveyance Of Overriding Royalty Interest online
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.
- Click the ‘Get Form’ button to access the Assignment And Conveyance Of Overriding Royalty Interest document and open it in the online editor.
- 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.
- Complete the 'Assignor' section by entering the name and address of the person or entity assigning the royalty interest.
- In the 'Assignee' section, input the name and address of the person or entity receiving the assigned overriding royalty interest.
- Specify the 'Effective Date' of the assignment; this is crucial for establishing when the terms become applicable.
- 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.
- 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.
- Review the terms, conditions, warranties, and covenants specified in the document to ensure understanding and alignment with the agreement being made.
- 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.
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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