This form is used when an Assignor transfers, assigns, and conveys to Assignee an overriding royalty interest in the Leases and all oil, gas, and other minerals produced, saved, and marketed from the Lands and Leases equal to a percentage of 8/8 (the Override ).
District of Columbia Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form A District of Columbia Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is a legal document that allows the transfer of royalty interests from multiple leases in the District of Columbia to another party. This document is used when the assignor wants to transfer their rights to receive royalties from multiple leases without any reduction in proportionate shares. Keywords: District of Columbia, assignment, overriding royalty interest, multiple leases, no proportionate reduction, long form, transfer, royalties. There are no different types of District of Columbia Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form. However, variations may occur in the specific details and terms included in each individual assignment agreement, depending on the parties involved and the rights being transferred. The District of Columbia refers to the federal district and capital of the United States, which is commonly known as Washington, D.C. In this jurisdiction, oil and gas leases grant the lessees the right to explore and extract oil and gas resources from designated areas. An overriding royalty interest is a share of the oil and gas production revenues granted to a third party, typically the assignor of the interest. This royalty interest is often retained by the assignor even if they have sold or assigned their working interest in the leases. When multiple leases are involved, it can become complicated to transfer overriding royalty interests. The District of Columbia Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is designed to address this complexity and ensure that the assignee receives the full rights and benefits of the royalty interests without any reduction in proportionate shares. This long form assignment document will typically include detailed provisions defining the rights and obligations of the parties, including the assignor and assignee. It will outline the specific leases and royalty interests being transferred, as well as any relevant considerations or limitations. The District of Columbia Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form will also address issues related to royalties, including payment terms, calculations, and any additional rights or obligations associated with the interests being assigned. Overall, this legal document ensures a clear and comprehensive transfer of overriding royalty interests from multiple leases in the District of Columbia, without any reduction in proportionate shares. Parties involved in such assignments can use this long-form agreement to protect their rights and interests in the oil and gas industry within the geographical boundaries of the District of Columbia.
