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Record Title: Primary ownership of an interest in an oil and gas lease including the obligation to pay rent, and the right to transfer and relinquish the lease. An ORRI is a straight percentage. For example, a 2% override would appear on the royalty statement as 0.02 interest in the proceeds from the sale of the leased ...... How to fill out San Bernardino California Reservation Of Overriding Royalty Interest? A document routine always goes along with any legal activity you make. Start the search over if the form isn't what you were seeking by using the search bar in the header. Choose the subscription that best suits your needs and move ... “Overriding Royalty Interest” shall mean an overriding royalty interest calculated as an undivided percentage interest in and to the ORI Properties Subject ... A provision usually found in an assignment of an overriding royalty interest (ORRI) that states that the interest will apply to new oil & gas leases and ... Each form is designed using a MS Word "Fill in the Blank" format. ... Assignment of Partial Interest in Oil and Gas Lease (Reserving an Overriding Royalty ... A sample of a complete proportionate reduction clause is: The overriding royalty interest assigned herein shall be proportionately reduced to the extent that ... by JR Geraud · 2019 · Cited by 2 — The severance may be accomplished by assignment or reservation, and is normally referred to as an over-riding royalty. An overriding royalty may be defined as ... The question of whether overriding royalties are interests in land or interests in pure personalty, a question which has not been decisively answered by the ...
