US Legal Forms
Assignment of Overriding Royalty Interest by Working Interest Owner...

Assignment Of Overriding Royalty Interest Form

Name: Assignment of Overriding Royalty Interest by Working Interest Owner, Single Lease, Stated Percentage
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.75 (231 reviews)

Category:

Oil Gas and Minerals - Assignments

State:

Multi-State

Control #:

US-OG-287

Format:

Instant download

Description

This form is used by the Assignor to transfer, assign, and convey to Assignee an overriding royalty interest in a Lease and all oil, gas and other minerals produced, saved and sold from the Lease and Land.

View Certificate of Doing Business Under Assumed Name (DBA)

View this form

View All Purpose Acknowledgement

View this form

View Amended Certificate of Doing Business Under Assumed Name (.pdf)

View this form

View Application for Index Number (.pdf)

View this form

View Notary Public License Law

View this form

How to fill out Assignment Of Overriding Royalty Interest By Working Interest Owner, Single Lease, Stated Percentage?

When it comes to drafting a legal form, it is easier to delegate it to the experts. Nevertheless, that doesn't mean you yourself can’t get a sample to utilize. That doesn't mean you yourself can not find a sample to use, nevertheless. Download Assignment of Overriding Royalty Interest by Working Interest Owner, Single Lease, Stated Percentage from the US Legal Forms site. It offers numerous professionally drafted and lawyer-approved forms and samples.

For full access to 85,000 legal and tax forms, customers simply have to sign up and select a subscription. Once you’re signed up with an account, log in, find a certain document template, and save it to My Forms or download it to your device.

To make things less difficult, we have incorporated an 8-step how-to guide for finding and downloading Assignment of Overriding Royalty Interest by Working Interest Owner, Single Lease, Stated Percentage fast:

Be sure the form meets all the necessary state requirements.
If available preview it and read the description before buying it.
Press Buy Now.
Select the suitable subscription to suit your needs.
Create your account.
Pay via PayPal or by debit/bank card.
Choose a needed format if several options are available (e.g., PDF or Word).
Download the file.

After the Assignment of Overriding Royalty Interest by Working Interest Owner, Single Lease, Stated Percentage is downloaded it is possible to fill out, print out and sign it in almost any editor or by hand. Get professionally drafted state-relevant papers in a matter of minutes in a preferable format with US Legal Forms!

Form Rating

4.75

Satisfied(231)

Form popularity

FAQ

1. n. Oil and Gas Business A percentage share of production, or the value derived from production, which is free of all costs of drilling and producing, and is created by the lessee or working interest owner and paid by the lessee or working interest owner.

Net revenue is the amount that is shared among the property owners. To determine net revenue interest, multiply the royalty interest by the owner's shared interest. For example, if you have a 5/16 royalty, your net royalty interest would be 25% multiplied by 5/16, which equals 7.8125% calculated to four decimal places.

Overriding Royalty Interest (ORRI) a percentage share of production, or the value derived from production, which is free of all costs of drilling and producing, and is created by the lessee or working interest owner and paid by the lessee or working interest owner.

The value of an overriding royalty interest is simple to calculate since it is a percent of the working interest lease. The ORRI value is based on production on the acreage leased by the working interest.

An overriding royalty interest is the right to receive revenue from the production of oil and gas from a well. The overriding royalty is carved out of the lessee's (operator's) working interest and entitles its owner to a fraction of production.

An overriding royalty interest generally entitles the owner of the interest to a specified share of the oil and gas produced under the terms of the lease. In Texas and in many other oil-producing states, overriding royalty interests are generally treated as interests in real estate.

A gross overriding royalty can be created on a mine which produces a product like petroleum in that it can be sold without alteration of its basic character.The costs of smelting and refining the gold will reduce the proceeds to the mine owner, a percentage of which will be paid as royalty.

A royalty interest is a non-possessory real property interest in oil and gas production free of production and operating expenses, which may be created by grant or by reservation or exception.

Assignment Of Overriding Royalty Interest Form

Description

Related forms

How to fill out Assignment Of Overriding Royalty Interest By Working Interest Owner, Single Lease, Stated Percentage?

Show more info

Form Rating

Form popularity

FAQ

What is overriding royalty in oil and gas?

How do you calculate royalty interest?

What is overriding royalty interest?

How do you value overriding royalty interest?

What is an assignment of overriding royalty interest?

Is an overriding royalty interest real property?

What is a gross overriding royalty?

Is a royalty interest real property?

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