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Get Blm Form 3000 3
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How to fill out the Blm Form 3000 3 online
Filling out the Blm Form 3000 3 is essential for assigning record title interest in oil and gas or geothermal resources leases. This guide will assist you in completing the form accurately and efficiently while ensuring that all necessary details are documented.
Follow the steps to complete the Blm Form 3000 3 online.
- Click ‘Get Form’ button to access the form and open it in your preferred editor.
- In Part A, enter the details of the assignee, including their street address, city, state, and zip code. If there are multiple assignees, check the box provided and list additional names and addresses on an attached sheet or on page 2.
- Indicate the type of assignment you are making by checking the appropriate box for either an oil and gas lease or a geothermal lease.
- In the next section of Part A, specify what interest is being conveyed by checking the relevant box for record title, overriding royalty, or similar interests.
- Provide a thorough description of the land affected by the assignment. You may need to use additional space on page 2 if the description is lengthy.
- In the columns provided, detail the percent of interest conveyed, retained, and any overriding royalty or similar interests reserved.
- Verify all completed details are correct and complete Parts B and C. Parts A1 and A2 must be filled out by both assignor and assignee. Ensure signatures are obtained as specified.
- Prepare three original copies of the completed form, ensuring that the assignor has manually signed all copies and that at least one copy from the assignee is signed. Ensure the filing fee accompanies the form.
- Submit the completed form to the designated Bureau of Land Management office within ninety days of execution.
- Once submitted, you can save changes, download, print, or share the form as necessary.
Complete your Blm Form 3000 3 online today to ensure your assignment of record title is properly filed.
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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