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Kansas City
Partial Assignment of Oil...

Kansas City Missouri Partial Assignment of Oil, Gas, and Mineral Leases Reserving An Overriding Royalty Interest

Category:

Oil Gas and Minerals - Assignments

State:

Multi-State

City:

Kansas City

Control #:

US-OG-269

Format:

Word;

Rich Text

Instant download

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Description

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.

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Interesting Questions

Where can I find legal help regarding partial assignments and overriding royalty interests?

You can find legal help through local attorneys who specialize in oil and gas law or industry-related legal services in Kansas City.

How does a partial assignment affect production rights?

A partial assignment can limit or specify certain production rights, depending on what was agreed upon, so it’s essential to have clear terms.

Are there any risks involved in partial assignments and overriding royalty interests?

Yes, there are risks such as reduced control over the lease and potential disputes over revenue sharing, so it's important to understand the terms clearly.

Why would someone want to do a partial assignment in Kansas City?

People often make a partial assignment to share resources or gain funds while still retaining some ownership and control over the leases.

What does reserving an overriding royalty interest mean?

Reserving an overriding royalty interest means that the original leaseholder keeps a share of the revenue from production, even after selling or assigning their lease.

What is a partial assignment of oil, gas, and mineral leases?

A partial assignment is when one party transfers only a part of their rights to oil, gas, or mineral leases to another party, keeping some rights for themselves.