Connecticut Correction Assignment to Correct Name of Assignee in Assignment of Oil and Gas Lease
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FAQ
An error in a recorded assignment document will be corrected by Assignment Division provided a ?corrective document? is submitted. The ?corrective document? must include the following: (A) A copy of the original assignment document with the corrections made therein.
The "corrective document" must include the following: (A) A copy of the original assignment document with the corrections made therein. The corrections must be initialed and dated by the party conveying the interest; and. (B) A new Recordation Form Cover Sheet (form PTO-1595) (See MPEP § 302.07).
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.
The corrective document needs to include a copy of the original assignment paperwork with the requested changes noted. The party who wishes to convey the interest needs to initial the corrections and date them. A Recordation Form Cover Sheet (form PTO-1595) must accompany the corrective document.
