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NOTICE OF MERGER OF WORKING ANDOVERRIDING ROYALTY INTERESTSState: County: Owner: (Name and Address) Effective Date:Owner, named above, is the owner of both working and overriding royalty interests
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How to fill out overriding royalty interests template

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How to fill out overriding royalty interests

01
Identify the property that has oil or gas production.
02
Determine the percentage of overriding royalty interest you want to negotiate.
03
Review the lease agreement to ensure the overriding royalty interest does not conflict with existing leases.
04
Draft an agreement specifying the terms of the overriding royalty interest, including duration and payment structure.
05
Obtain signatures from all parties involved, including the landowner and lessee.
06
Record the agreement with the appropriate governmental authority to ensure legal recognition.

Who needs overriding royalty interests?

01
Landowners who want to earn income from mineral rights without leasing their land.
02
Investors looking to participate in oil and gas production profits without direct involvement.
03
Oil and gas companies seeking to attract investors and secure financing by offering royalty interests.
04
Partners in joint ventures in the energy sector who wish to share revenue streams.

What is OVERRIDING ROYALTY INTERESTS Form?

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Overriding royalty interests (ORIs) are a type of non-operating interest in the revenue generated from oil and gas production. They provide the holder with a specified percentage of the revenue after production costs have been deducted, without any associated operational responsibilities.
Individuals or entities that own overriding royalty interests and wish to formalize or report their ownership typically must file with the relevant regulatory authorities or agencies overseeing oil and gas production in their jurisdiction.
To fill out an application or report for overriding royalty interests, one must provide details such as the percentage of the interest, the properties involved, the owners' names and contact information, and any relevant legal descriptions or identification numbers.
The purpose of overriding royalty interests is to allow investors to receive a share of oil and gas revenues without bearing the costs of production, thus providing a means of financing and incentivizing exploration and production activities.
Information that must be reported on overriding royalty interests typically includes the percentage of the interest, the legal descriptions of the property, contact details for the interest holder, and any relevant terms or agreements governing the interests.
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