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Jun 16, 2023 — You may convey overriding royalty interest on either an Assignment of Record Title Interest (Form 3000-3), a Transfer of Operating Rights (Form ... Download the file. Once the Declaration of Election to Convert Overriding Royalty Interest to Working Interest is downloaded you can fill out, print out and ...Use the form titled. Application for Assignment of Working Interest to apply for transfer of a working interest or an initial separation of overriding royalty ... This form is used when the Declarant reserved a (Fraction or Percentage) royalty interest, and the option, but not the obligation, to convert the reserved ... Feb 1, 2022 — o Contain the assignor's current ownership, amount to be assigned, the amount the assignor is retaining, and any existing overriding royalty ... Dec 31, 2019 — As discussed above under “THE ROYALTY INTEREST” in Item 1, revenues to the Trust are calculated daily by BP Alaska using the WTI price, ... and BP Oil Corporation, dated August 1, 1969, as amended, which overriding royalty interest comprises the Upper Net Profits Royalty Interest owned by BP Alaska ... Mar 17, 2022 — ... royalty must be paid. The Unit. Operator and Working Interest Owners will file all royalty and any net profit share reports per 11 AAC 04.010 ... Back-In / Back-In Interest: a reversionary interest held by a party. (generally pursuant to a Farmout, JOA, JDA, Lease or Assignment and. Bill of Sale) that ... Overriding royalty and operating rights are severable from record title interests. (d) Operating right (working interest) means the interest created out of a ...
