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.
Wyoming 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 overriding royalty interests in Wyoming oil and gas leases. This assignment pertains specifically to situations where the assignor reserves the right to pool the assigned interest. Keywords: Wyoming, assignment, overriding royalty interest, assignor, reserves the right, pool, short form, oil and gas leases. Types of Wyoming Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form: 1. Individual Assignment: This type of assignment involves a single assignor transferring their overriding royalty interest to another party while reserving the right to pool the assigned interest. It is commonly used when a single assignor holds overriding royalty interest in a Wyoming oil and gas lease. 2. Multiple Assignors Assignment: This variant occurs when multiple assignors collectively transfer their overriding royalty interests to another party, while reserving the right to pool the assigned interests. It is typically employed when multiple assignors jointly hold overriding royalty interests in a Wyoming oil and gas lease. 3. Corporation Assignment: This form of assignment involves a corporation assigning its overriding royalty interest, while retaining the right to pool the assigned interest. It is prevalent when a corporate entity holds overriding royalty interest in a Wyoming oil and gas lease. 4. Trust Assignment: Trust assignment occurs when a trust, acting as an assignor, transfers its overriding royalty interest to a beneficiary or another party, while still reserving the right to pool the assigned interest. This type of assignment is often used when a trust holds overriding royalty interest in a Wyoming oil and gas lease. 5. Partnership Assignment: A partnership assignment takes place when a partnership entity assigns its overriding royalty interest, while preserving the right to pool the assigned interest. It is commonly seen when a partnership holds overriding royalty interest in a Wyoming oil and gas lease. Note: It is important to consult with legal professionals or experts in Wyoming oil and gas laws to ensure compliance and accuracy while drafting or executing the Wyoming Assignment of Overriding Royalty Interest when Assignor Reserves the Right to Pool the Assigned Interest — Short Form.
