This form is used when an Assignor transfers, assigns and conveys to Assignee an overriding royalty interest in all of the oil, gas, and other minerals produced, saved, and marketed from all of the Lands and Leases equal to a determined amount (the Override ), reserving the right to pool the assigned interest.
The Colorado Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form is a legal document that outlines the transfer of overriding royalty interests from the assignor to the assignee while maintaining the assignor's right to pool the assigned interest. This agreement allows the assignor to combine their assigned interest with other interests in the purpose of drilling and production activities in Colorado. The Colorado Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form serves as a legally binding contract between the parties involved, ensuring their rights and obligations are clearly defined. It is often used in the oil and gas industry when assigning overriding royalty interests, providing a streamlined and concise document for the transaction. Keywords: Colorado, Assignment of Overriding Royalty Interest, Assignor, Reserves the Right, Pool, Assigned Interest, Short Form, legal document, transfer, assignee, royalty interests, drilling activities, production activities, oil and gas industry. Types of Colorado Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form may include: 1. Standard Colorado Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form: This type encompasses the typical terms and conditions for the transfer of overriding royalty interests while preserving the assignor's right to pool the assigned interest. 2. Notarized Colorado Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form: This variant includes an additional step of notarization to add an extra layer of authentication and validity to the document. 3. Customized Colorado Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form: This type allows parties to tailor the agreement to their specific needs and requirements, accommodating any additional clauses or provisions they deem necessary. 4. Standardized Colorado Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form Templates: These are pre-designed templates that offer a framework for drafting a Colorado Assignment of Overriding Royalty Interest document, saving time and effort in creating one from scratch. Remember, it is crucial to consult with legal professionals to ensure compliance with Colorado's laws and regulations while drafting or executing a Colorado Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form.
