Steptoe & Johnson’s Andy Graham presented a webinar entitled “Lease Transfer Troubles: ORRIs, Washouts, Transfer Restrictions, and Wellbore Assignments”. The presentation reviewed common problems related to lease transfers, such as the creation of overriding royalty interests, provisions to protect such interests from washouts, the enforceability of restrictions against subsequent transfers, and the effect of wellbore assignments, as well as the difference between assignments and subleases.
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