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Download the file. Once the Declaration of Election to Convert Overriding Royalty Interest to Working Interest is downloaded you can fill out, print out and ... This form is used when the Declarant reserved a (Fraction or Percentage) royalty interest, and the option, but not the obligation, to convert the reserved ...Record Title: Primary ownership of an interest in an oil and gas lease including the obligation to pay rent, and the right to transfer and relinquish the lease. Each form is designed using a MS Word "Fill in the Blank" format. This ... Declaration of Election to Convert Overriding Royalty Interest to a Working Interest ... Because Overriding Royalty Interests are carved out of the working interest in an oil and gas lease and is not based on acreage, the calculation is simple. For a lease with a sliding-scale royalty, it may not be clear how the reserved overriding royalty interest should be calculated if the sliding-scale royalty ... For example, write a $1,000 Oregon subtraction as “$1,000”, not “($1,000)” or “-$1,000”. B1. Enter your estimated 2022 nonwage income (such as dividends or ... An overriding royalty interest that, at the option of its owner, can be converted at payout into a working interest. If an owner of this interest converts ... ... a specified share of the working or overriding royalty interest when specified costs have been recovered from production. “Pooling election” means the ... ... a specified share of the working or overriding royalty interest when specified costs have been recovered from production. “Pooling election” means the ...
