This form is used when Assignee has recovered certain costs out of Assignee's share of the proceeds of production of oil and gas from producing wells on the Lease, and Assignee's interest in the Lease is reduced. Assignor will be vested with title to an interest in the Lease, the "Reversionary Interest".
Wyoming Notice of Payout by Party Entitled to Diversionary Interest is a legal document that provides information concerning the release and payment of diversionary interest to the entitled party. This notice serves as an official communication protocol to notify relevant individuals and entities involved in the diversionary interest transaction. Keywords: Wyoming, notice of payout, party entitled, diversionary interest, legal document, release, payment, communication protocol, transaction. Types of Wyoming Notice of Payout by Party Entitled to Diversionary Interest: 1. Oil and Gas Lease Diversionary Interest Notice: This type of notice pertains to the release and payout of diversionary interest in an oil and gas lease agreement in Wyoming. It outlines the specific details such as the parties involved, the legally required documents, and the timeline for payment. 2. Real Estate Diversionary Interest Notice: This notice addresses the payout and release of diversionary interest in a real estate property located in Wyoming. It provides comprehensive details regarding the parties involved, the property description, any relevant legal restrictions, and the process for payment. 3. Mineral Rights Diversionary Interest Notice: This type of notice pertains to the release and payout of diversionary interest in mineral rights held in Wyoming. It includes important information such as the names of the parties involved, the specific mineral rights subject to reversion, and the required procedures for payment. 4. Water Rights Diversionary Interest Notice: This notice relates to the release and payout of diversionary interest in water rights in Wyoming. It specifies the parties involved, the details of the water rights, any legal requirements, and the steps necessary for the entitled party to receive their payment. 5. Royalty Diversionary Interest Notice: This type of notice pertains to the release and payout of diversionary interest in royalties from various sources in Wyoming. It outlines the parties involved, the specific royalties subject to reversion, any applicable legal obligations, and the payment process for the entitled party. In summary, Wyoming Notice of Payout by Party Entitled to Diversionary Interest is a legal document used to provide detailed information regarding the release and payment of diversionary interest to the entitled party. Various types of notices exist such as those related to oil and gas leases, real estate properties, mineral rights, water rights, and royalties.
