Get the free Assignment of Overriding Royalty Interest for Single Lease - Proportionate reduction...

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This form is used when an Assignor assigns, transfers, and conveys to Assignee an overriding royalty interest in the Lease and all of the oil and gas produced, saved and marketed from the Lease, out

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What is assignment of overriding royalty

An assignment of overriding royalty is a legal document that transfers a specified percentage of revenue from oil or gas production to a third party, overriding the typical ownership rights.

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Assignment of overriding royalty is needed by:

Oil and gas producers
Investors in mineral rights
Landowners leasing mineral rights
Partners in joint ventures
Attorneys handling estate or mineral rights

How to fill out the assignment of overriding royalty

1.

Step 1: Open the PDF filler application and upload the assignment of overriding royalty document.
2.

Step 2: Review the blank fields to identify where information needs to be entered.
3.

Step 3: Fill in the name and address of the assignor (the party transferring the royalty).
4.

Step 4: Enter the name and address of the assignee (the party receiving the royalty).
5.

Step 5: Specify the percentage of overriding royalty being assigned.
6.

Step 6: Detail the effective date of the assignment.
7.

Step 7: Include any necessary legal descriptions related to the property or mineral rights.
8.

Step 8: Sign and date the document in the designated areas.
9.

Step 9: If required, have the document notarized.
10.

Step 10: Save the completed document and share or print as needed.