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This form is used by the Assignor to transfer, assign, and convey to Assignee interests in leases and all oil, gas and other minerals produced, saved and sold from the Lease and Land.
Look for someone with a solid track record in the industry, do your research, and consider seeking advice from professionals in the field.
Risks include changes in market prices for oil and gas, potential legal issues, and the performance of the operator extracting the resources.
Changing the terms can be tricky and usually requires everyone involved to agree, so it's best to get it right the first time.
It's important to understand what rights you're giving up, what you're retaining, and how the revenues will be divided among parties.
An overriding royalty interest allows the holder to receive a share of the revenue from oil and gas production, without having to share in the costs of production.
A partial assignment is when the rights to some of the resources from leases are transferred to someone else, but the original owner keeps some rights too.
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Anchorage Alaska Partial Assignment of Oil, Gas, and Mineral Leases Reserving An Overriding Royalty Interest