Illinois Wellbore Assignment, Conveyance, Bill of Sale, and Release

State:
Multi-State
Control #:
US-OG-262
Format:
Word; 
Rich Text
Instant download

Description

This form is used when the Assignor owns and desires to assign to Assignee, all of its interests in and to the well and wellbore described within, together with the rights associated with the wellbore as specifically described within.
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  • Preview Wellbore Assignment, Conveyance, Bill of Sale, and Release
  • Preview Wellbore Assignment, Conveyance, Bill of Sale, and Release
  • Preview Wellbore Assignment, Conveyance, Bill of Sale, and Release
  • Preview Wellbore Assignment, Conveyance, Bill of Sale, and Release

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FAQ

Wellbore Only means the investors will acquire an interest in a single wellbore, and not the remainder of the Lease(s) on which the wellbore is located.

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 oil and gas business; assignments are the documents used. to accomplish transfers of lease rights .1./ Although the. common form of assignment may appear to be a rather simple. document, the respective rights and obligations of the parties.

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Illinois Wellbore Assignment, Conveyance, Bill of Sale, and Release