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This form is used when the Assignor owns and desires to assign to Assignee, all of its interests in and to the well and wellbore described within, together with the rights associated with the wellbore as specifically described within.
Technically, you could, but going without paperwork is like trying to drive without a license; it’s just asking for trouble down the road.
While it’s not mandatory, having a lawyer can help ensure everything is buttoned up and done right. It's better to have a pro on your side than to wing it!
A release is a legal document that frees one party from their obligations related to the well, kind of like freeing a bird from its cage so it can fly away.
Conveyance refers to the process of transferring ownership of a property, including the well. It’s like passing the baton in a relay race; you hand over the rights to the new owner.
A wellbore assignment is basically an agreement that specifies who has the rights to operate a well or take resources from it. Think of it like handing over the keys to a car.
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Chandler Arizona Wellbore Assignment, Conveyance, Bill of Sale, and Release