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Public Resources Code section 6804 governs state oil and gas lease assignments. Interest or full Net Revenue Interest with respect to a given Tract.Pursuant to an Oil and Gas Lease, the Lessor retains the Lessor Royalty. Bureau of Ocean Energy Management. Lease Effective Date. Person who conveys the Oil and Gas Leases in an Assignment. -Sublease and Assignment, 22 Ann. Inst. Oil field, A geographic area under which an oil reservoir lies. Notice of an Assignment of Secondary Overriding Royalty Interest in. State of Alaska Oil and Gas, Gas Only, or Geothermal Leases.