California Wellbore Assignment, Conveyance, Bill of Sale, and Release

State:
Multi-State
Control #:
US-OG-262
Format:
Word; 
Rich Text
Instant download

Description

This form is used when the Assignor owns and desires to assign to Assignee, all of its interests in and to the well and wellbore described within, together with the rights associated with the wellbore as specifically described within.
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  • Preview Wellbore Assignment, Conveyance, Bill of Sale, and Release
  • Preview Wellbore Assignment, Conveyance, Bill of Sale, and Release
  • Preview Wellbore Assignment, Conveyance, Bill of Sale, and Release
  • Preview Wellbore Assignment, Conveyance, Bill of Sale, and Release

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FAQ

Oil and gas interests are interests in real property and thereby have the same attributes as other real property such as a home or a ranch. Although the ownership of oil and gas interests can take many forms, courts commonly analogize the ownership of oil and gas interests to a bundle of sticks.

The definition of assignment in real estate is the sale, transfer, or conveyance of a whole property ownership/rights or part of it to another party. The term in the oil and gas industry is used for sale, transfer, or conveyance of working interest, lease, royalty, overriding royalty interest, or net profit interest.

A percentage of ownership in an oil and gas lease granting its owner the right to explore, drill and produce oil and gas from a tract of property. Working interest owners are obligated to pay a corresponding percentage of the cost of leasing, drilling, producing and operating a well or unit.

An assignment of oil and gas lease is a contractual agreement between a landowner and an oil or gas company in which the company gains the right to explore for, develop, and produce oil and gas from the property.

Wellbore. An assignment can be limited to the wellbore of a well. A wellbore limitation means that the assignor is assigning only those rights to production from the wellbore of a certain well, arguably at the total depth it existed at the time of the assignment.

Net Revenue Interest is the portion of an oil and gas leaseholder's interest in production that they are entitled to receive as part of their lease. The amount is calculated after deducting all royalty payments, production costs, and other fees.

More info

This form is used when the Assignor owns and desires to assign to Assignee, all of its interests in and to the well and wellbore described within, ... How to fill out Sacramento California Wellbore Assignment, Conveyance, Bill Of Sale, And Release? Drafting paperwork for the business or personal needs is ...BASIC OIL AND GAS FORMS PROGRAM · Assignment (Undivided Interest in Producing Lease) · Assignment and Bill of Sale (To Life Tenant and Remainderman) · Assignment ... The easiest way to edit Wellbore Assignment, Conveyance, Bill of Sale, and Release in PDF format online · Log in to your account. · Import a form. · Edit Wellbore ... with, the interest assigned.” If the bill of sale is not combined with the assignment so that a separate bill of sale is contemplated that conveys the ... This template for an oil and gas assignment, bill of sale, and conveyance agreement is the most commonly used instrument in the oil and gas industry for ... Wellbore Assignment, Conveyance, Bill of Sale, and Release. ASSIGNMENTS - OIL ... (By Buyer to Seller Pursuant to Provisions of a Purchase and Sale Agreement). complete description of lands covered). 17. 755. ALSO MADE A PART OF THIS CONVEYANCE ARE ALL CONTRACTUAL INTERESTS, INCLUDING, BUT NOT LIMITED TO THE FOLLOWING:. THIS ASSIGNMENT, CONVEYANCE AND BILL OF SALE (this "Assignmenf'), dated ... This Assignment is subject to the Asset Purchase Agreement, and nothing in this ... Seller will bill Customer each month for gas lost or unaccounted for in ... assignment. If the assignment is in favor of more than one party, the assignment ...

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California Wellbore Assignment, Conveyance, Bill of Sale, and Release