Declaration That Oil and Gas Lease Was Acquired by Agent For Principal

 Declaration That Oil and Gas Lease Was Acquired by Agent For Principal
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State:
Multi-State
Control #:
US-OG-313
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Available formats: Word | Rich Text

Description

This form is used when an Agent declares and acknowledges that the consideration for an Assignment should accrue to the benefit of Principal, and that Principal is the owner of the reserved interest in the Assignment. To give effect to declaration, Agent, as Assignor, grants, sells, and assigns to Principal, as Assignee, all of Agent's interest in the Lease and the interest reserved by Agent in the Assignment.

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