Keep an ear to the ground and stay informed! Research the area, look for news about drilling activities, and connect with local industry professionals.
The main risk is that it could stay non-producing forever. It's like holding on to a lottery ticket that may never win; it can be a waiting game!
Absolutely! You can sell your interest just like selling a piece of cake to someone else. However, the new owner will get the benefits (or challenges) that come along with it.
This means you can combine resources from different leases. Like pooling your resources with friends, it can make for a stronger team and potentially better profits.
Non-producing just means the wells don’t currently yield any oil or gas. They are quiet, but that doesn't mean they can't wake up in the future!
When you have multiple leases, it's as if you have several doors to open. Each lease can produce its own profits, and the overriding royalty applies to all of them.
An overriding royalty interest is like a slice of the pie. It gives you a share of the profits from oil or gas production without owning the actual land.
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Tucson Arizona Assignment of Overriding Royalty Interest with Multiple Leases that are Non Producing with Reservation of the Right to Pool