This form is used when the Assignor wishes to convey, assign and sell to the Assignee an undivided working interest in an oil and gas lease but reserves an overriding royalty interest payable on all oil, gas, and associated hydrocarbons produced, saved and sold from the Lands.
A District of Columbia Partial Assignment of Oil and Gas Lease for Part of Lands Subject to Nonproducing Lease is a legal document that allows the transfer of a portion of the rights and interests in an oil and gas lease within the District of Columbia. This assignment enables a lessee to assign a specific area or portion of the leased lands to another party while retaining the rights to the remaining areas. Keywords: District of Columbia, partial assignment, oil and gas lease, nonproducing lease, lands, transfer, rights, interests, lessee, assign, specific area, portion, retained rights. There are different types of District of Columbia Partial Assignment of Oil and Gas Lease for Part of Lands Subject to Nonproducing Lease, namely: 1. District of Columbia Partial Assignment of Oil and Gas Lease — Specific Tract: This type of assignment involves transferring the rights and interests of a particular tract within the leased lands. It allows the original lessee to allocate specific portions of the lease to another party for exploration and production purposes, while retaining control over the remaining tracts. 2. District of Columbia Partial Assignment of Oil and Gas Lease — Depth Allocation: In this type of assignment, the lessee assigns a specific depth interval or stratigraphic horizon within the leased lands. It allows for the exploration and production of oil and gas resources at a particular depth, while the original lessee retains the rights to other depths or horizons. 3. District of Columbia Partial Assignment of Oil and Gas Lease — Time Allocation: This assignment type allows the original lessee to assign a specific time period within the lease for another party to conduct exploration and production activities. This is commonly done when the original lessee is unable or unwilling to immediately develop the leased lands, allowing another party to utilize the lease during the assigned time frame. 4. District of Columbia Partial Assignment of Oil and Gas Lease — Non-Contiguous Lands: This type of assignment involves transferring rights and interests in non-adjacent or scattered portions of the leased lands. It allows for the development of specific non-contiguous tracts while retaining control over the remaining leasehold areas. Overall, the District of Columbia Partial Assignment of Oil and Gas Lease for Part of Lands Subject to Nonproducing Lease provides a flexible mechanism for lessees to transfer portions of their lease and facilitate the exploration, production, and development of hydrocarbon resources within the District of Columbia.
