We use cookies to improve security, personalize the user experience, enhance our marketing activities (including cooperating with our marketing partners) and for other business use.
Click "here" to read our Cookie Policy. By clicking "Accept" you agree to the use of cookies. Read less
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.
Generally, once the assignment is signed, it's set in stone, so it's essential to think long and hard before making a move.
Look for clear terms that outline rights, responsibilities, and how royalties will be distributed, so there are no surprises down the road.
Yes, there are risks, such as potential disputes over rights and responsibilities and the chance that the new party might not manage the lease as well.
Reserving an overriding royalty interest means that the original leaseholder keeps a portion of the profits from the minerals dug out, even after they transfer some rights to another party.
A partial assignment means that someone is transferring only part of their rights to extract oil, gas, or minerals to another party, while keeping some rights for themselves.
Trusted and secure by over 3 million people of the world’s leading companies
North Las Vegas Nevada Partial Assignment of Oil, Gas, and Mineral Leases Reserving An Overriding Royalty Interest