This form is used when the Assignor sells, assigns, and conveys to Assignee, an undivided percentage of all of Assignor's rights, title, and interests in his Oil and Gas Leases. By this Assignment, Assignor also sells, assigns, and conveys to Assignee a like undivided interest in all equipment, personal property, and fixtures located on the lands covered by the Leases.
Pennsylvania Assignment and Bill of Sale of Undivided Interest in Multiple Producing Leases - Short Form
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Multi-State
Control #:
US-OG-260
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Word;
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ASSIGNMENT: The legal instrument whereby Oil and Gas Leases or Overriding Royalty interests are assigned or conveyed. ASSIGNMENT CLAUSE: A clause in any legal instrument that allows either party to the contract to assign all or part of his or her interest to others.
Total operated basis: The total reserves or production associated with the wells operated by an individual operator. This is also commonly known as the "gross operated" or "8/8ths" basis.
A mineral lease is a contractual agreement between the owner of a mineral estate (known as the lessor), and another party such as an oil and gas company (the lessee). The lease gives an oil or gas company the right to explore for and develop the oil and gas deposits in the area described in the lease.
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.
Any partial assignment of any lease shall segregate the assigned and retained portions thereof, and as above provided, release and discharge the assignor from all obligations thereafter accruing with respect to the assigned lands; and such segregated leases shall continue in full force and effect for the primary term ...
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This form is used when the Assignor sells, assigns, and conveys to Assignee, an undivided percentage of all of Assignor's rights, title, and interests in ... The best way to edit Assignment and Bill of Sale of Undivided Interest in Multiple Producing Leases - Short Form online · Sign up and log in to your account.BASIC OIL AND GAS FORMS PROGRAM · Assignment (Undivided Interest in Producing Lease) · Assignment and Bill of Sale (To Life Tenant and Remainderman) · Assignment ... --All of the property, real, personal and mixed, and all interests therein of each of the existing authorities named in the plan of merger or consolidation, all ... TABLE OF CONTENTS. TITLE 53. MUNICIPALITIES GENERALLY. PART I. PRELIMINARY PROVISIONS. Chapter 1. General Provisions · § 101. Short title of title. Assignment and Bill of Sale: an instrument used to evidence the sale, transfer or Conveyance of an ownership interest in real property. (including oil and gas ... A provision usually found in an assignment of an overriding royalty interest (ORRI) that states that the interest will apply to new oil & gas leases and ... Oct 10, 2012 — A document can be any writing that effectuates or evidences the transfer of title to real estate. Consequently, the form or designation of. Sep 17, 2019 — Only original documents with “wet” signatures can be recorded, no copies. ○ All documents must be dated and that date must be the day it is ... Sep 17, 2019 — Document Layout - All documents being recorded follow the Property Records Industry Association (PRIA) indexing standards. ○ Documents should ...
