Declaration of Election by Lessor to Convert Royalty Interest to Working Interest

 Declaration of Election by Lessor to Convert Royalty Interest to Working Interest
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State:
Multi-State
Control #:
US-OG-311
Instant Download
Available formats: Word | Rich Text

Description

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 royalty interest to an undivided percentage working interest, at payout, as defined in the Lease.

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