Arizona Assignment of Overriding Royalty Interest by Working Interest Owner, Single Lease, Stated Percentage

State:
Multi-State
Control #:
US-OG-287
Format:
Word; 
Rich Text
Instant download

Description

This form is used by the Assignor to transfer, assign, and convey to Assignee an overriding royalty interest in a Lease and all oil, gas and other minerals produced, saved and sold from the Lease and Land.

How to fill out Assignment Of Overriding Royalty Interest By Working Interest Owner, Single Lease, Stated Percentage?

Are you presently in a position the place you need to have files for possibly organization or individual uses just about every working day? There are a variety of legal record templates accessible on the Internet, but locating ones you can rely on isn`t easy. US Legal Forms gives a large number of form templates, like the Arizona Assignment of Overriding Royalty Interest by Working Interest Owner, Single Lease, Stated Percentage, that are published in order to meet state and federal demands.

When you are currently informed about US Legal Forms web site and get an account, simply log in. Following that, you may obtain the Arizona Assignment of Overriding Royalty Interest by Working Interest Owner, Single Lease, Stated Percentage template.

Should you not provide an bank account and want to start using US Legal Forms, follow these steps:

  1. Find the form you need and ensure it is to the appropriate area/area.
  2. Take advantage of the Review option to examine the form.
  3. See the outline to actually have chosen the proper form.
  4. In the event the form isn`t what you are trying to find, use the Search discipline to obtain the form that fits your needs and demands.
  5. If you find the appropriate form, just click Buy now.
  6. Opt for the pricing prepare you want, fill out the desired details to create your money, and purchase your order using your PayPal or bank card.
  7. Choose a hassle-free paper file format and obtain your copy.

Locate all of the record templates you may have bought in the My Forms menus. You can obtain a more copy of Arizona Assignment of Overriding Royalty Interest by Working Interest Owner, Single Lease, Stated Percentage at any time, if required. Just click the needed form to obtain or printing the record template.

Use US Legal Forms, by far the most substantial assortment of legal forms, to conserve time and steer clear of blunders. The assistance gives appropriately manufactured legal record templates that you can use for a variety of uses. Create an account on US Legal Forms and begin producing your lifestyle easier.

Form popularity

FAQ

To calculate the number of net royalty acres I'm selling, I use this formula: [acres in tract] X [% of minerals owned] X 8 X [royalty interest reserved in lease] X [fraction of royalty interest being sold]. 640 acres X 25% X 8 X 1/4 X 1/2 = 160 net royalty acres.

How to calculate the overriding royalty interest? ORRI = NRI * 5 percent. $750,000 * 0.005 = $3,750.

NRA = 40.00 net mineral acres x ([1/5] Lease Royalty Rate / [1/8] Standard Royalty Rate) NRA = 40.00 x (0.20 / 0.125) NRA = 40.00 x 1.60 NRA = 64.00 Net Royalty Acres This mathematical concept can also be used inversely to calculate your net mineral acres in a parcel based on the Net Revenue Interest (NRI) you are ...

If there is an NPRI that exists, you would have to determine the # of net royalty acres by taking your royalty rate and subtracting the NPRI from it and then dividing by 12.5%.

To calculate the NMA, you need the gross number of acres and the percentage of your mineral interest. To complete the calculation, simply multiply the gross acreage by your mineral interest. For example, if you owned 25% interest on the minerals under a 400-acre tract of land, you would have 100 NMA.

How to calculate the overriding royalty interest? ORRI = NRI * 5 percent. $750,000 * 0.005 = $3,750.

Overriding Royalty Interest (ORRI) ORRIs are created out of the working interest in a property and do not affect mineral owners. An overriding royalty interest (ORRI) is often kept or assigned to a geologist, landman, brokerage, or any entity that was able to reserve an interest in the properties.

Overriding Royalty Interest: A given interest severed out of the record title interest or lessee's share of the oil, and not charged with any of the cost or expense of developing or operation. The interest provides no control over the operations of the lease, only revenue from lease production.

Trusted and secure by over 3 million people of the world’s leading companies

Arizona Assignment of Overriding Royalty Interest by Working Interest Owner, Single Lease, Stated Percentage