Assignment
Term · Oil and gas · MLC-T-OAG-000202
A legal document that transfers ownership of an oil and gas lease, a working interest, or a royalty interest from one party to another. This instrument conveys all rights, titles, and obligations associated with the interest being transferred. Assignments must be recorded in the appropriate county or parish records to provide public notice of the change in ownership.
| Identifier | MLC-T-OAG-000202 |
|---|---|
| Field | Oil and gas |
| Subject | Oil and Gas Business |
Record as JSON
{
"id": "MLC-T-OAG-000202",
"term": "Assignment",
"field": "Oil and gas",
"definition": "A legal document that transfers ownership of an oil and gas lease, a working interest, or a royalty interest from one party to another. This instrument conveys all rights, titles, and obligations associated with the interest being transferred. Assignments must be recorded in the appropriate county or parish records to provide public notice of the change in ownership.",
"subject": "Oil and Gas Business",
"url": "https://mlchart.com/terminology/oil-and-gas/assignment/"
}
Record 223 of 4,499 in Oil and gas terminology (MLC-0103). Request the full dataset.