This form is used when an Assignor transfers, assigns, and conveys to Assignee an overriding royalty interest in the Leases and all oil, gas, and other minerals produced, saved, and marketed from the Lands and Leases equal to a percentage of 8/8 (the Override ).
Oregon Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is a legal document that outlines the transfer of a party's overriding royalty interest in multiple leases without any reduction in proportionate share. This type of assignment is commonly used in the oil and gas industry. The assignment identifies the parties involved, including the assignor (the party transferring the overriding royalty interest) and the assignee (the party receiving the interest). It also specifies the effective date of the assignment and describes the specific leases and the associated overriding royalty interest being transferred. This long-form assignment document includes comprehensive provisions to protect the interests of both parties involved. It clarifies the nature and extent of the overriding royalty interest being conveyed and confirms that no reduction in proportionate share will occur. Keywords: Oregon Assignment of Overriding Royalty Interest, Multiple Leases, No Proportionate Reduction, Long Form, transfer, legal document, oil and gas industry, assignor, assignee, effective date, provisions, interests, nature, extent, conveyed. Different types of Oregon Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form may vary based on the specific terms and conditions set forth by the parties involved. Some variations might include lease-specific provisions, additional terms regarding payment, clarification of liabilities, or specific language related to the transfer of overriding royalty interest in different geographical locations within Oregon. It is important for individuals or entities entering into such assignments to carefully review and tailor the document to meet their specific needs and circumstances.
