Hillsborough Florida Assignment of Production Payment Measured by Value Received is a legal agreement that allows the transfer of production payments from one party to another in exchange for an agreed-upon value. This type of assignment is frequently used in the oil and gas industry, where oil or gas producers assign their future production payments to investors or lenders to secure financing. In Hillsborough County, Florida, there are several types of Assignment of Production Payment Measured by Value Received agreements: 1. Oil and Gas Assignment: This type of assignment involves the transfer of production payments related to oil or gas production. It allows producers to access immediate funds by assigning their future production value to investors or lenders. 2. Renewable Energy Assignment: With the growing emphasis on renewable energy sources, this type of assignment involves the transfer of production payments associated with renewable resources like solar, wind, or hydroelectric power. It allows renewable energy producers to monetize their future energy production. 3. Mineral Rights Assignment: This assignment pertains to the transfer of production payments linked to the extraction of valuable minerals or resources from the ground. Mineral rights owners can assign their future production income to investors to obtain capital for exploration or development activities. 4. Royalty Interest Assignment: This assignment involves the transfer of production payments based on a percentage of the revenue generated from the sale of a resource. Royalty interest owners can assign a portion of their future income to investors or lenders in exchange for immediate cash flow. When using the keywords "Hillsborough Florida Assignment of Production Payment Measured by Value Received," it is important to provide a detailed description of what it entails, including the various types mentioned above. Additionally, discussing the benefits and potential risks associated with these assignments, as well as their significance in the local energy and mining industries, would be relevant for the content.
Hillsborough Florida Assignment of Production Payment Measured by Value Received
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Hillsborough County, Florida Clerk of the Circuit Court. 419 Pierce St, Rm 140 / PO Box 3249, Tampa, Florida 33602 / 33601-3249.Brandon Office - Regional Service Center. 311 Pauls Dr, Brandon, Florida 33511.South Shore Office - Regional Service Center. 410 30th St SE, Ruskin, Florida 33570.Plant City Office.
A volumetric production payment (VPP) deal is a means of financing that has been used in the oil and gas industry for several decades. A VPP involves the owner of an oil and gas property selling a percentage of their production in exchange for an upfront cash payment.
Recording fees are $10.00 for the first page and $8.50 for each additional page of the document. The first four names are free; any additional names are $1.00 per name. If you are unsure if documentary stamp taxes are due, please contact the Florida Department of Revenue at (850) 488-6800 for assistance.
How to request a lien settlement Download the application. Fillable form Printable form. Review and complete the form, including having the signatures notarized. Submit the completed form and any supporting information to the lien settlement mailbox. LienSettlements@HCFLGov.net.
(1) The term production payment means, in general, a right to a specified share of the production from mineral in place (if, as, and when produced), or the proceeds from such production. Such right must be an economic interest in such mineral in place.
About us. The Hillsborough County Clerk of Court & Comptroller provides a wide range of vital services to the public. An elected Clerk of Court has been a part of the Florida Constitution since 1835, and it is rapidly changing to meet the demands of the digital citizen. Our current Clerk is Cindy Stuart.
The Clerk of Court Recording Department records, indexes, and archives all documents that create the Official Records of Hillsborough County. Approximately 25 million documents have been recorded in the Official Records since 1846 and 2,000 new documents are recorded each day.
In Florida, when real estate is purchased, the original Deed is recorded in the county recorders office for the county in which the property is located. Once the Deed is recorded, it becomes a public record which, in all Florida Counties, is available for inspection via the internet.
Volumetric production payments (VPPs) are a way to convert a portion of oil or gas production into a cash flow stream for investors. The investors, or buyers of a VPP, will tend to be financial institutions or else energy companies who are guaranteeing future delivery of oil or gas.
The above documents and payment can be electronically recorded using an e-Recording vendor (see e-Recording Services FAQ above), mailed to Hillsborough County Clerk of Court Official Records, PO Box 3249, Tampa FL 33602-3249, or recorded in person at our Official Records service locations.
