US Legal Forms
Assignment of Overriding Royalty Interest Limited As to Depth

Assignment Of Overriding Royalty Interest

Name: Assignment of Overriding Royalty Interest Limited As to Depth
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.58 (310 reviews)

Category:

Oil Gas and Minerals - Assignments

State:

Multi-State

Control #:

US-OG-290

Format:

Instant download

Description

This form is used by the Assignor to transfer, assign, and convey to Assignee an overriding royalty interest in a Lease and all oil, gas and other minerals produced, saved and sold from the Lease and Land, which is limited to depth.

View Red Hook Transfer Tax Return (.pdf)

View this form

View Request for NYS Driving Privileges

View this form

View Request for Pistol Permit Transfer from Dutchess County (.pdf)

View this form

View Return the FAVOR Application Form (.pdf)

View this form

View Article 19-A Motor Carrier Accident and Conviction Notification Program Application (Escrow Account & Driver's Privacy Protection Act Compliance)

View this form

How to fill out Assignment Of Overriding Royalty Interest Limited As To Depth?

When it comes to drafting a legal document, it’s better to delegate it to the specialists. Nevertheless, that doesn't mean you yourself cannot find a template to utilize. That doesn't mean you yourself can’t find a sample to utilize, however. Download Assignment of Overriding Royalty Interest Limited As to Depth from the US Legal Forms website. It offers a wide variety of professionally drafted and lawyer-approved documents and templates.

For full access to 85,000 legal and tax forms, users just have to sign up and select a subscription. After you are signed up with an account, log in, find a particular document template, and save it to My Forms or download it to your gadget.

To make things less difficult, we’ve provided an 8-step how-to guide for finding and downloading Assignment of Overriding Royalty Interest Limited As to Depth quickly:

Make confident the form meets all the necessary state requirements.
If possible preview it and read the description before purchasing it.
Click Buy Now.
Choose the appropriate subscription to meet your needs.
Create your account.
Pay via PayPal or by credit/bank card.
Select a preferred format if a few options are available (e.g., PDF or Word).
Download the document.

After the Assignment of Overriding Royalty Interest Limited As to Depth is downloaded you may complete, print out and sign it in almost any editor or by hand. Get professionally drafted state-relevant files within a matter of minutes in a preferable format with US Legal Forms!

Form Rating

4.58

Satisfied(310)

Form popularity

FAQ

An overriding royalty interest generally entitles the owner of the interest to a specified share of the oil and gas produced under the terms of the lease. In Texas and in many other oil-producing states, overriding royalty interests are generally treated as interests in real estate.

Overriding Royalty Interest (ORRI) a percentage share of production, or the value derived from production, which is free of all costs of drilling and producing, and is created by the lessee or working interest owner and paid by the lessee or working interest owner.

A gross overriding royalty can be created on a mine which produces a product like petroleum in that it can be sold without alteration of its basic character.The costs of smelting and refining the gold will reduce the proceeds to the mine owner, a percentage of which will be paid as royalty.

An overriding royalty interest is the right to receive revenue from the production of oil and gas from a well. The overriding royalty is carved out of the lessee's (operator's) working interest and entitles its owner to a fraction of production.

The value of an overriding royalty interest is simple to calculate since it is a percent of the working interest lease. The ORRI value is based on production on the acreage leased by the working interest.

Net revenue is the amount that is shared among the property owners. To determine net revenue interest, multiply the royalty interest by the owner's shared interest. For example, if you have a 5/16 royalty, your net royalty interest would be 25% multiplied by 5/16, which equals 7.8125% calculated to four decimal places.

1. n. Oil and Gas Business A percentage share of production, or the value derived from production, which is free of all costs of drilling and producing, and is created by the lessee or working interest owner and paid by the lessee or working interest owner.

Assignment Of Overriding Royalty Interest

Description

Related forms

How to fill out Assignment Of Overriding Royalty Interest Limited As To Depth?

Show more info

Form Rating

Form popularity

FAQ

Is an overriding royalty interest real property?

What is overriding royalty interest?

What is a gross overriding royalty?

What is an assignment of overriding royalty interest?

How do you value overriding royalty interest?

How do you calculate royalty interest?

What are overriding royalties?

Trusted and secure by over 3 million people of the world’s leading companies