The AAPL Form 640, known as the Assignment of Oil and Gas Leases Oklahoma Form, plays a crucial role in the energy sector, particularly within Oklahoma. This legal document facilitates the transfer of rights, interests, and titles in oil and gas leases from one party (the assignor) to another (the assignee) for a nominal consideration, usually one dollar. It includes detailed information about the assignor and assignee, the specific lease being transferred, and the land covered by the lease. The form also outlines the assignor's covenant to the assignee regarding the lawful ownership, good title, and the freedom of the assigned interest from liens, encumbrances, or adverse claims. Furthermore, it confirms that all necessary rentals, royalties, and conditions have been met to maintain the lease. This form not only signifies the change in lease ownership but also ensures that all associated rights and property, including personal property on or used in connection with the land, are transferred. With sections requiring the execution of the document before a notary public, it solidifies the transaction's legitimacy and compliance with legal standards. Whether for individuals or corporations, the AAPL Form 640 is essential for executing lease assignments transparently and effectively, thereby supporting operational continuity within the oil and gas industry in Oklahoma.
| Question | Answer |
|---|---|
| Form Name | Aapl Form 640 |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names |
AAPL FORM 640
ASSIGNMENT OF OIL AND GAS LEASES
OKLAHOMA FORM
KNOW ALL MEN BY THESE PRESENTS:
That ___________________________________________________________________________________________________________________________,
hereinafter called Assignor, for and in consideration of the sum of One Dollar ($1.00) the receipt of which is hereby acknowledged, does hereby assign, transfer, sell and convey unto _______________________________________________________________________________________________________
______________________________________________ hereinafter called Assignee, __________________________________________________________
______________________________________________________________ interest in and to the Oil and Gas Lease dated ________________________ day
of_____________________________________, 20________ executed by ___________________________________________________________________,
as Lessor to _____________________________________________________________________________________________________________, as
Lessee, said Lease being recorded in Book ______________, Page ________________, in so far as said Lease covers the following described land in
_________________________________________ County, State of Oklahoma:
together with all the rights incident thereto, the personal property thereon, appurtenant thereto, or used or obtained in connection therewith.
For the same consideration, the Assignor covenants with the Assignee, its heirs, successors, legal representatives or assigns that the Assignor is the lawful owner of and has good title to the interest herein assigned in and to said Lease, estate, rights and property, free and clear from all liens, encumbrances or adverse claims, that said Lease is a valid and subsisting Lease on the lands above described and that all rentals and royalties due thereunder have been paid, and all conditions necessary to keep said Lease in full force and effect have been duly performed, and that the Assignor will warrant and forever defend same against all persons whomsoever, lawfully claiming or to claim said interest.
EXECUTED this _______________ day of _________________________, 20____________.
________________________________________________________
________________________________________________________
________________________________________________________
STATE OF
COUNTY OF
Before me, the undersigned, a Notary Public in and for said County and State on the __________ day of ________________________, 20_____,
personally appeared ______________________________________________________________________________________________________________
to me known to be the identical person_____ who executed the within and foregoing instrument and acknowledged to me that __________________ executed
the same as ______________ free and voluntary act and deed for the uses and purposes therein set forth.
Given under my hand and seal of office the day and year last above written.
My commission expires ________________________________________________ |
_______________________________________________ |
|
Notary Public |
STATE OF
COUNTY OF
Before me, the undersigned, a Notary Public, in and for said County and State on this ________ day of _______________________, 20_______,
personally appeared _______________________________________________________________________________________________________________
to me known to be the identical person who subscribed the name of the maker thereof to the foregoing instrument as its ________________________________
President and acknowledged to me that _____________ executed the same as his free and voluntary act and deed and as the free and voluntary act and deed of
such corporation, for the uses and purposes therein set forth.
Given under my hand and seal of office the day and year last above written.
My commission expires _________________________________________________ |
_______________________________________________ |
|
Notary Public |