Can someone explain what this means? The lease is in Oklahoma.
This is standard conveyance language. The Assignee bought all the interests, either working or overrides or both, from the Assignor. It was made without warranty, i.e., the Assignor is not on the hook for what acreage or percent ownership is being conveyed.
So this means that the Assignee gets all royalty payments from any wells that produce in the described land?
If the Assignor owns Mineral Rights, do they still own the Mineral Rights?
This conveyance is specific to oil and gas leases.
It will also depend on all the other language in the document. If you are being asked to sign this, you should consult an attorney to make sure you fully understand the legal effect on you. If this is the language in a recorded document between other parties, there will be an exhibit with list of assets being assigned or a description within the body of the document.
Thanks for the help. This document was signed by my mom as the assignor some time ago and she just got a small check for oil and gas from an old well at the location. First time she has received anything from this well in several years.
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