Assignment of Oil and Gas Leases of all Interest, Reserving An Overriding Royalty Interest: Fill out & sign online

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to edit Assignment of Oil and Gas Leases of all Interest, Reserving An Overriding Royalty Interest online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

With DocHub, making changes to your paperwork requires only a few simple clicks. Follow these quick steps to edit the PDF Assignment of Oil and Gas Leases of all Interest, Reserving An Overriding Royalty Interest online free of charge:

Sign up and log in to your account. Log in to the editor using your credentials or click on Create free account to examine the tool’s features.
Add the Assignment of Oil and Gas Leases of all Interest, Reserving An Overriding Royalty Interest for redacting. Click the New Document option above, then drag and drop the sample to the upload area, import it from the cloud, or via a link.
Adjust your template. Make any changes needed: add text and images to your Assignment of Oil and Gas Leases of all Interest, Reserving An Overriding Royalty Interest, highlight information that matters, erase sections of content and replace them with new ones, and add symbols, checkmarks, and fields for filling out.
Finish redacting the form. Save the updated document on your device, export it to the cloud, print it right from the editor, or share it with all the parties involved.

Our editor is very intuitive and efficient. Give it a try now!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Contact us

What is a gross overriding royalty?

A gross overriding royalty entitles the owner to a share of the market price of the mined product as at the time they are available to be taken less any costs incurred by the operator to bring the product to the point of sale.

What is an assignment of overriding royalty interest?

An Overriding Royalty Interest IORRI), commonly referred to as an override, is a fractional, undivided interest granting the right to receive proceeds from the sale of oil and gas. It is not an interest in the minerals themselves, but rather in the proceeds of the sale of oil and gas.

What is the difference between a royalty interest and an overriding royalty interest?

An overriding royalty interest (ORRI) is similar to a royalty interest in that it is also a portion of the proceeds from the sale of production. However, it is not retained under the terms of the oil and gas lease. An ORRI is granted, assigned and created under the terms of a separate document.

What is an oil overriding royalty?

Legal Definition of overriding royalty : an interest in and royalty on the oil, gas, or minerals extracted from anothers land that is carved out of the producers working interest and is not tied to production costs compare royalty.

Whats an overriding royalty interest?

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.

Related forms

be ready to get more