This form is used when the Assignor transfers, assigns, and conveys to Assignee, as a production payment, a percentage of 8/8 of all oil, gas, and other minerals produced and saved from the Lands under the terms of the Lease and any renewals or extensions of the Lease which are obtained by Assignor or Assignor's successors and/or assigns.
Wyoming Assignment of Production Payment by Lessee to Third Party is a legal document that allows a lessee to assign their production payment rights to a third party in the state of Wyoming. This assignment transfers the rights to receive payment from oil, gas, or mineral production to another party. Keywords: Wyoming, Assignment of Production Payment, Lessee, Third Party, oil production, gas production, mineral production. There are different types of Wyoming Assignment of Production Payment by Lessee to Third Party, such as: 1. Wyoming Oil Production Payment Assignment: This type specifically deals with the assignment of production payment rights related to oil production in Wyoming. It enables the lessee to transfer their rights to another party, typically for financial reasons or as part of a business agreement. 2. Wyoming Gas Production Payment Assignment: Similar to the oil production payment assignment, this type focuses on the assignment of production payment rights concerning gas production in Wyoming. It allows the lessee to assign their payments to a third party who assumes the rights to receive payments from gas production activities. 3. Wyoming Mineral Production Payment Assignment: This type covers the assignment of production payment rights related to various minerals extracted in Wyoming, including coal, uranium, gold, and other valuable resources. It facilitates the transfer of payment rights to a third party, providing them with the entitlement to receive payments resulting from the production of minerals. In all these types of assignments, the lessee relinquishes their right to receive payments directly, and the assigned third party assumes the responsibility and benefits from the production payments. The terms of the assignment, including the rights transferred and any applicable fees or royalties, are agreed upon and documented in the Wyoming Assignment of Production Payment by Lessee to Third Party.
