This form is used when an Assignor transfers, assigns and conveys to Assignee an overriding royalty interest in all of the oil, gas, and other minerals produced, saved, and marketed from all of the Lands and Leases equal to a determined amount (the Override ), reserving the right to pool the assigned interest.
The Wisconsin Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form is a legal document that outlines the transfer of a portion of the financial benefits from an oil or gas lease to another party, known as the assignee. In this specific scenario, the assignor retains the right to combine or "pool" the assigned interest with other interests in the purpose of increasing production efficiency or optimizing drilling operations. Keywords: Wisconsin, Assignment of Overriding Royalty Interest, Assignor, Reserves the Right, Pool, Assigned Interest, Short Form, gas lease, transfer, financial benefits, assignee, combine, production efficiency, drilling operations. Types of Wisconsin Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form: 1. Standard Wisconsin Assignment of Overriding Royalty Interest with Assignor Reservation of Pooling Right — Short Form: This type of short form assignment specifies that the assignor reserves the right to pool the assigned interest with other interests, without any additional conditions or limitations. 2. Wisconsin Assignment of Overriding Royalty Interest with Conditional Assignor Reservation of Pooling Right — Short Form: In this variation, the assignor reserves the right to pool the assigned interest but with certain conditions attached, such as obtaining permission from the assignee or meeting specific production thresholds. 3. Wisconsin Assignment of Overriding Royalty Interest with Limited Assignor Reservation of Pooling Right — Short Form: This type of short form assignment grants the assignor a limited right to pool the assigned interest. The limits could include specific timeframes, geographical boundaries, or requiring the assignor to bear all associated costs. 4. Wisconsin Assignment of Overriding Royalty Interest with Time-Limited Assignor Reservation of Pooling Right — Short Form: Here, the assignor reserves the right to pool the assigned interest, but the reservation is only valid for a predetermined time period. Once the time limit expires, the assignor loses the right to pool the assigned interest. 5. Wisconsin Assignment of Overriding Royalty Interest with Geographic Limitations on Assignor Reservation of Pooling Right — Short Form: This type of short form assignment restricts the assignor's pooling right to specific geographical areas or lease sections, preserving the assignee's interest in other regions. These different types offer flexibility in tailoring the agreement to meet the specific needs and preferences of the assignor and assignee involved in the Wisconsin Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form.
