New Mexico Assignment and Bill of Sale of Well Bores

State:
Multi-State
Control #:
US-OG-581
Format:
Word; 
Rich Text
Instant download

Description

This a form of an Assignment and Bill of Sale of Well Bores.

Title: New Mexico Assignment and Bill of Sale of Well Bores — An Overview and Types Introduction: In the energy-rich state of New Mexico, the Assignment and Bill of Sale of Well Bores play a crucial role in facilitating the transfer of ownership rights and responsibilities related to oil and gas well bores. This article provides a comprehensive description of what these documents are, their significance, and explores the different types that exist within New Mexico's jurisdiction. Detailed Description: 1. New Mexico Assignment of Well Bores: — The New Mexico Assignment of Well Bores is a legal document used to transfer ownership rights, interests, and responsibilities from one party to another. — It clearly outlines the well bore(s) being assigned, along with details such as the assigned party's name, address, contact information, and consideration or payment terms. — This agreement ensures a transfer of legal title, associated rights, and obligations to the assignee. 2. New Mexico Bill of Sale of Well Bores: — The New Mexico Bill of Sale of Well Bores is a legally binding document that confirms the sale of existing well bores from one party to another. — It serves as evidence for the change in ownership, typically including details such as the conveyance date, parties involved, well bore identification, purchase price, and any warranties or representations made by the seller. — This document acts as a receipt and provides documentation of the sale for both parties involved. Types of New Mexico Assignment and Bill of Sale of Well Bores: 1. Assignment and Bill of Sale of Producing Well Bores: — This type of assignment and bill of sale deals with the transfer of ownership of actively producing well bores. — It includes specific terms related to production, reserves, and any ongoing contractual obligations. 2. Assignment and Bill of Sale of Non-Producing Well Bores: — This type of assignment and bill of sale applies to well bores that are not currently producing oil or gas. — It may include provisions related to future development potential, leasehold operations, and any pending regulatory or compliance requirements. 3. Assignment and Bill of Sale of Plugged and Abandoned Well Bores: — Plugged and abandoned well bores refer to those that have reached the end of their productive life and require permanent closure. — This type of assignment and bill of sale involves the transfer of ownership of such well bores, along with the associated liabilities and obligations related to decommissioning and environmental restoration. Conclusion: The New Mexico Assignment and Bill of Sale of Well Bores are vital legal instruments that facilitate the transfer of ownership rights and responsibilities related to oil and gas well bores. Understanding the different types of assignments and bill of sale based on the well bore's production status helps ensure accurate documentation and compliance with state regulations. These documents play a crucial role in the efficient management of New Mexico's energy resources and the smooth transition of ownership within the industry.

How to fill out New Mexico Assignment And Bill Of Sale Of Well Bores?

Choosing the best lawful record format could be a have a problem. Of course, there are plenty of templates available on the net, but how will you get the lawful type you want? Take advantage of the US Legal Forms website. The services offers a large number of templates, like the New Mexico Assignment and Bill of Sale of Well Bores, which you can use for business and private requirements. All the types are inspected by specialists and fulfill state and federal requirements.

In case you are presently registered, log in to the bank account and then click the Download key to find the New Mexico Assignment and Bill of Sale of Well Bores. Make use of bank account to look through the lawful types you may have bought earlier. Go to the My Forms tab of the bank account and obtain an additional duplicate of the record you want.

In case you are a brand new end user of US Legal Forms, allow me to share basic recommendations for you to follow:

  • Initially, make certain you have chosen the appropriate type for your area/area. It is possible to look over the shape making use of the Review key and read the shape information to make sure it will be the best for you.
  • If the type does not fulfill your requirements, utilize the Seach field to get the appropriate type.
  • When you are certain that the shape is suitable, select the Get now key to find the type.
  • Opt for the pricing program you need and type in the required info. Make your bank account and buy the order making use of your PayPal bank account or charge card.
  • Choose the data file file format and download the lawful record format to the gadget.
  • Total, revise and print and signal the acquired New Mexico Assignment and Bill of Sale of Well Bores.

US Legal Forms is the most significant local library of lawful types where you can discover various record templates. Take advantage of the service to download skillfully-manufactured paperwork that follow condition requirements.

Form popularity

FAQ

An overriding royalty interest (ORRI) is an undivided interest in a mineral lease giving the holder the right to a proportional share (receive revenue) of the sale of oil and gas produced. The ORRI is carved out of the working interest or lease.

Oil and Gas Interest means any oil or gas royalty or lease, or fractional interest therein, or certificate of interest or participation or investment contract relative to such royalties, leases or fractional interests, or any other interest or right which permits the exploration of, drilling for, or production of oil ...

Wellbore Interest means, for each Subject Well, a specified percentage of AEE's right, title and interest in and to: (i) the applicable Subject Well and associated wellbore and all Hydrocarbons and other substances produced therewith, (ii) all equipment, contracts and other personal property and fixtures associated ...

Oil and gas interests are interests in real property and thereby have the same attributes as other real property such as a home or a ranch. Although the ownership of oil and gas interests can take many forms, courts commonly analogize the ownership of oil and gas interests to a bundle of sticks.

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.

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.

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.

Interesting Questions

More info

Assignee acknowledges that the Assets have been used for oil and gas exploration, drilling, producing, treating and transportation operations, related oil field ... How to fill out Assignment And Bill Of Sale Of Well Bores? · Make sure the form meets all the necessary state requirements. · If available preview it and read the ...Get a New Mexico Bill of Sale for FREE: https ... How to Fill Out a Pink Slip When Buying or Selling a Car. Daily ... Upload a document. Click on New Document and select the file importing option: add Assignment and Bill of Sale of Well Bores from your device, the cloud, or a ... If You're the Buyer. To complete the vehicle registration process, buyers must provide a: Vehicle title; Bill of sale (if Assignment of Title or Dealer ... New Mexico · New York · North ... Assignment and Bill of Sale (Undivided Interest in Multiple Producing Leases. Short Form) · Assignment and Bill of Sale (Well ... 24-Oct-2023 — Year, make, model, and body type of the vehicle and dimensions of a vessel · Engine number if applicable · The vehicle identification number or ... listed in a Bill of Sale between the parties dated September. 15, 1989 ... S 47-1-38. (1978). (New Mexico's statutory definition of a special warranty conveyance.) ... BEFORE FILLING OUT FORM CAREFULLY READ INSTRUCTIONS ON REVERSE SIDE ... price, odometer disclosure statement and the assignment to the buyer by the seller ... Get a New Mexico Bill of Sale for FREE: https ... How to Fill Out a Pink Slip When Buying or Selling a Car. Daily ...

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

New Mexico Assignment and Bill of Sale of Well Bores