North Carolina Assignment and Conveyance of Overriding Royalty Interest

State:
Multi-State
Control #:
US-OG-280
Format:
Word; 
Rich Text
Instant download

Description

This form is used by the Assignor to transfer, assign, and convey to Assignee all of Assignor's overriding royalty interest in a Lease and all oil, gas and other minerals produced, saved and sold from the Lease.
Free preview
  • Preview Assignment and Conveyance of Overriding Royalty Interest
  • Preview Assignment and Conveyance of Overriding Royalty Interest
  • Preview Assignment and Conveyance of Overriding Royalty Interest

How to fill out North Carolina Assignment And Conveyance Of Overriding Royalty Interest?

You can devote hrs on the Internet trying to find the authorized record format that meets the federal and state demands you will need. US Legal Forms offers a large number of authorized varieties that happen to be examined by pros. You can actually download or print the North Carolina Assignment and Conveyance of Overriding Royalty Interest from my service.

If you have a US Legal Forms bank account, you are able to log in and click the Acquire key. After that, you are able to comprehensive, modify, print, or signal the North Carolina Assignment and Conveyance of Overriding Royalty Interest. Every authorized record format you get is your own property permanently. To have another copy of any purchased form, visit the My Forms tab and click the related key.

Should you use the US Legal Forms web site initially, follow the simple directions under:

  • First, make sure that you have selected the proper record format to the state/city of your choosing. Browse the form explanation to ensure you have chosen the correct form. If readily available, use the Review key to appear with the record format too.
  • In order to find another edition in the form, use the Lookup area to get the format that meets your requirements and demands.
  • Upon having identified the format you want, simply click Purchase now to proceed.
  • Pick the costs prepare you want, type your accreditations, and register for your account on US Legal Forms.
  • Full the transaction. You should use your bank card or PayPal bank account to cover the authorized form.
  • Pick the formatting in the record and download it to your product.
  • Make adjustments to your record if necessary. You can comprehensive, modify and signal and print North Carolina Assignment and Conveyance of Overriding Royalty Interest.

Acquire and print a large number of record themes using the US Legal Forms site, which provides the largest selection of authorized varieties. Use expert and express-specific themes to deal with your company or individual demands.

Form popularity

FAQ

An overriding royalty interest (ORRI) is an interest carved out of a working interest. It is: A percentage of gross production that is not charged with any expenses of exploring, developing, producing, and operating a well. Overriding Royalty Interest (ORRI) (US) - Westlaw Westlaw ? PracticalLaw Westlaw ? PracticalLaw

Overriding Royalty Interest Conveyance means an assignment, in form and substance acceptable to Lender, pursuant to which Borrower grants in favor of Lender an overriding royalty interest equal to six and one-fourth percent (6.25%) of Hydrocarbons produced, saved and sold or used off the premises of the relevant Lease, ... Overriding Royalty Interest Conveyance Definition - Law Insider Law Insider ? dictionary ? overriding... Law Insider ? dictionary ? overriding...

How to calculate the overriding royalty interest? ORRI = NRI * 5 percent. $750,000 * 0.005 = $3,750.

If at any time Assignee desires to transfer or dispose of all or any portion of the Overriding Royalty Interest, Assignee must first give to Assignor written notice thereof stating: (a) the amount of the Overriding Royalty Interest offered by Assignee; (b) the form of consideration (which shall be either cash or a ...

Participating Royalty Interest (NPRI) is an interest in oil and gas production which is created from the mineral estate. Like the plain ?royalty interest? it is expensefree, bearing no operational costs of production. NonParticipating Royalty Interest (NPRI) Endeavor Energy Resources endeavorenergylp.com ? InterestDefinitions endeavorenergylp.com ? InterestDefinitions

Overriding Royalty Interest Conveyance means an assignment, in form and substance acceptable to Lender, pursuant to which Borrower grants in favor of Lender an overriding royalty interest equal to six and one-fourth percent (6.25%) of Hydrocarbons produced, saved and sold or used off the premises of the relevant Lease, ...

Overriding Royalty Interest: A given interest severed out of the record title interest or lessee's share of the oil, and not charged with any of the cost or expense of developing or operation. The interest provides no control over the operations of the lease, only revenue from lease production.

Interesting Questions

More info

This form is used by the Assignor to transfer, assign, and convey to Assignee all of Assignor's overriding royalty interest in a Lease and all oil, ... This form is used by the Assignor to transfer, assign, and convey to Assignee an overriding royalty interest in a Lease and all oil, gas and other minerals ...Jun 16, 2023 — You may convey overriding royalty interest on either an Assignment of Record Title Interest (Form 3000-3), a Transfer of Operating Rights (Form ... Assignment and Conveyance of Overriding Royalty Interest · Assignment of ... Assignment of Overriding Royalty Interest (Partially Convertible to a Working ... Assignor is entitled, through the assignments and agreement identified in Exhibit “A” hereto, to a portion of the overriding royalty interest transferred by the ... There is excepted from the above assignment and conveyance and reserved and retained in Assignor an overriding royalty equal to. [fraction or percentage] of the ... an overriding royalty creating a present interest in the land in the payee.”) ... complete conveyance and assignment of the above described oil and gas lease ... ... North Carolina, 28202, and whose Federal Tax I.D. Number is ... THE CONVEYANCE OF OVERRIDING ROYALTY INTEREST DATED JUNE 29, 2001 PERMITTED ENCUMBRANCES HABANERO ... Assignment of Overriding Royalty interest dated. January 31, 1990 from Brooklyn Union Exploration. Company, I n c . t o George A. K e l l y , J r . e t a l ,. different from a conveyance of a fee interest. Under common law principles it is ... overriding royalty is an interest in real property. ,,12. Generally, an ...

Trusted and secure by over 3 million people of the world’s leading companies

North Carolina Assignment and Conveyance of Overriding Royalty Interest