The Oregon Release of Call on Production refers to a legal document used in the state of Oregon to release a call on production for oil, gas, or mineral rights. This document is typically used when a landowner or mineral rights owner wants to relinquish their claim on the production from a well or mining operation. The release is a formal agreement between the landowner or mineral rights' owner (referred to as the granter) and the party currently holding the call on production (referred to as the grantee). By signing this document, the granter releases any rights they may have had to a share of the production from a specific well or mining operation. The purpose of the Oregon Release of Call on Production is to provide legal certainty and clarity to all parties involved in oil, gas, or mineral rights ownership. It ensures that the grantee has exclusive rights to the production and removes any potential claims or disputes from the granter. There are several types of Oregon Release of Call on Production, each tailored to specific circumstances. These may include: 1. Full Release: This type of release is the most common and comprehensive. It relinquishes all rights, claims, and interests the granter may have had in the production, ensuring complete transfer of ownership to the grantee. 2. Partial Release: In some cases, a landowner or mineral rights' owner may wish to release only a portion of their stake in the production. This partial release specifies the percentage or amount of the production being released. 3. Temporary Release: Sometimes, a granter may want to temporarily release their call on production. This type of release allows the grantee to maintain control over the production for a specified period, after which the rights revert to the granter. 4. Conditional Release: A conditional release is issued when certain conditions need to be met before the release becomes effective. This may include the completion of specific tasks or the satisfaction of certain criteria. It is essential to consult with legal professionals familiar with the laws and regulations surrounding oil, gas, or mineral rights in Oregon when drafting or executing an Oregon Release of Call on Production. This ensures that all parties' interests are adequately protected and that the release is legally binding and enforceable.
Oregon Release of Call on Production
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