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.
A District of Columbia Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form is a legal document that allows an assignor (a party with an existing overriding royalty interest in a property) to transfer their interest to an assignee while reserving the right to pool the assigned interest. This assignment is specific to the District of Columbia and ensures that the assignor can retain control over how their assigned interest is pooled. Keywords: District of Columbia, Assignment, Overriding Royalty Interest, Assignor, Reserves, Right, Pool, Short Form. Different types of District of Columbia Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form may include variations based on the specific terms and conditions agreed upon by the assignor and assignee. These variations could include: 1. District of Columbia Assignment of Overriding Royalty Interest with Right to Pool — Short Form: This type of assignment allows the assignor to transfer their overriding royalty interest to the assignee while reserving the right to pool the assigned interest. It may include specific provisions related to how pooling will occur and any limitations or restrictions imposed by the assignor. 2. District of Columbia Assignment of Overriding Royalty Interest with Option to Pool — Short Form: This variation grants the assignor the option to pool the assigned interest at a later date, giving them the flexibility to decide when and how to combine their interests with others. 3. District of Columbia Assignment of Overriding Royalty Interest with Restricted Right to Pool — Short Form: In this type of assignment, the assignor reserves the right to pool their assigned interest but with certain restrictions or limitations. These restrictions may be related to specific geographical areas, timeframes, or other factors determined by the assignor. 4. District of Columbia Assignment of Overriding Royalty Interest with Right to Pool and Convert — Short Form: This variation allows the assignor not only to reserve the right to pool the assigned interest but also to convert it into a different form or type of interest, such as an overriding royalty interest in a different property or a working interest. These are just a few examples of how the District of Columbia Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form can have different types based on specific provisions and conditions agreed upon by the parties involved. It is essential to carefully review and customize the document to best suit the assignor's needs and intentions.
