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Virginia Assignment of All of Assignor's Interests in Producing Properties

State:
Multi-State
Control #:
US-OG-275
Format:
Word; 
Rich Text
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Description

This form is used when the Assignor assigns, sells, and conveys to Assignee, all of Assignor's interests in all of the Oil and Gas Leases and any renewals, extensions, or ratifications of the Leases, and the lands covered by the Lease. The interests include leasehold or working interests and overriding royalty interests in the Leases.

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FAQ

The oil and gas business; assignments are the documents used. to accomplish transfers of lease rights .1./ Although the. common form of assignment may appear to be a rather simple. document, the respective rights and obligations of the parties.

Wellbore Only means the investors will acquire an interest in a single wellbore, and not the remainder of the Lease(s) on which the wellbore is located.

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.

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Jul 12, 2021 — This real estate transaction relinquishes all rights, obligations, and responsibilities of the assignor to the assignee when they close on a ... Sep 26, 2017 — Assignor represent to Assignee that: (a) a true, correct and complete copy of the Lease is attached hereto as Exhibit "A" and the Lease is in ...Aug 25, 2014 — This assignment goes beyond the mere creation of a security interest, as it conveys all rights of the Assignor in the property to the Assignee. Assignor and Assignee hereby agree that all expenses of the parties related to the matters that are the subject of this Agreement, including, but not limited to ... Except as otherwise provided in subsection (b) and § 8.9A-312 (b), a financing statement must be filed to perfect all security interests and agricultural liens. Assignor may not transfer, sell or otherwise dispose of any of the Subject Interests unless the acquiror thereof agrees to be bound by and assume Assignor's ... Sep 1, 2003 — When a tenant transfers its entire interest in a leasehold estate, the transfer is an assignment. To qualify as such, the transfer must include ... by RE Sullivan · 1955 · Cited by 10 — is that, in an assignment, the assignor transfers his entire interest in the lease insofar as it affects the property on which the lease is assigned ... 37 CFR 3.11 Documents which will be recorded. (a) Assignments of applications, patents, and registrations, and other documents relating to interests in ... Mar 26, 2019 — WHEREAS, Eastern States Oil & Gas, Inc., a Virginia corporation (“Assignor”), acquired certain oil and gas properties, including certain oil ...

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Virginia Assignment of All of Assignor's Interests in Producing Properties