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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.
Santa Ana California Partial Assignment of Oil, Gas, and Mineral Leases Reserving An Overriding Royalty Interest Related Searches
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Interesting Questions
It's a good idea to consult a lawyer or someone experienced in oil and gas agreements to make sure you grasp all the legal jargon.
Like any investment, there are risks, such as market fluctuations and potential conflicts with the new leaseholder, so it's wise to tread carefully.
If you partially assign your lease, you typically keep rights to the remaining minerals and may still have rights to the income from the part you didn't assign.
Absolutely! You can keep a slice of the pie by reserving an overriding royalty interest even when selling a part of your lease.
Reserving an overriding royalty interest allows you to earn a portion of the income without having to worry about the costs of extraction or operations.
A partial assignment means you're transferring some rights from one person to another for things like oil, gas, and minerals, but you keep some rights too.