This form is used by the Owner to provide notice that the overriding royalty interests which are owned by Owners are to be merged into, combined with, and a part of Owners working interest, and the net revenue interest in production Owner is entitled to in all oil and gas produced from the Lands and Leases.
The Washington Notice of Merger of Working and Overriding Royalty Interests is a legal document that encompasses the consolidation or combination of two or more working or overriding royalty interests in a particular oil and gas lease. This notice serves the purpose of notifying all involved parties about the merger and any subsequent changes in ownership, liabilities, or rights related to the working and overriding royalty interests. In cases where multiple types of working interests or overriding royalty interests are involved, the Notice of Merger may include various subtypes to specify the nature of the merger. Some noteworthy types may include: 1. Leasehold Working Interest Merger: This type of merger occurs when multiple leasehold working interests, referring to the ownership of certain portions or percentages of an oil and gas lease, are combined into a single entity. 2. Non-participating Royalty Interest Merger: Non-participating royalty interests denote the ownership of a set portion or percentage of the royalty income from an oil and gas lease, without having any decision-making authority. A Notice of Merger may detail the consolidation of multiple non-participating royalty interests under one entity. 3. Overriding Royalty Interest Merger: Overriding royalty interests grant the holder a set portion or percentage of the production from an oil and gas lease, but do not involve ownership of the lease itself. The Notice of Merger may describe the merging of multiple overriding royalty interests into a single entity. The Washington Notice of Merger of Working and Overriding Royalty Interests includes essential details such as the names and addresses of all parties involved in the merger, the specific interests being merged, the effective date of the merger, and any modifications to the distribution of future royalty income. This legal document should be filed in the appropriate county or state office to ensure transparency and the legal acknowledgment of the merger. It is important to consult with legal professionals or experts well-versed in oil and gas lease transactions to ensure compliance with all relevant laws and regulations in Washington. Additionally, seeking professional advice can help guarantee that the Notice of Merger accurately reflects the details and intentions of the parties involved.
