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Las Vegas Nevada Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool) Related Searches
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Interesting Questions
You should look into the lease terms, the production history of the well, and any future drilling plans that could affect the value of your ORRI.
Yes, while you don't incur production costs, your ORRI could become less valuable if the well doesn't produce as expected or if market conditions change.
Reserves are the estimated quantities of oil and gas that can be produced from your lease. Your ORRI lets you earn a share of income from these reserves once they are tapped.
Yes, pooling allows you to combine your ORRI with other interests to maximize production potential and simplify operations under a joint agreement.
A single lease refers to an agreement for a specific piece of land where oil or gas extraction rights are granted, making it clear where the ORRI applies.
producing ORRI means that the property doesn't currently generate any oil or gas income, but it can still have value depending on future drilling plans or potential production.
An overriding royalty interest is a type of ownership that gives the holder a share of the oil and gas revenues from a well, without bearing any costs of production.
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Las Vegas Nevada Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool)