ASSIGNMENT OF OVERRIDING ROYALTY INTERESTSTel Offshore Trust • June 27th, 2016 • Oil royalty traders • Louisiana
Pursuant to that certain Conveyance of Overriding Royalty Interests (“Conveyance”) from Tenneco Exploration, Ltd. (“Tenneco”) to TEL Offshore Trust Partnership, a Texas general partnership (hereinafter referred to as the “Assignor”) dated January 13, 1983 but effective as of January 1, 1983 and filed in the Non-Required Filings with the Gulf of Mexico Regional Office of the Minerals Management Service (now called the Bureau of Ocean Energy Management), TEL Offshore Trust Partnership acquired overriding royalty interests in and to the Minerals (as defined in the Conveyance) in and under and produced and saved from the lands covered by the leases described in the Exhibit A attached to and made a part of the Conveyance and all renewals or extensions of such leases and the leases referred to in Article IV of the Conveyance (collectively the “Leases”). Pursuant to the Conveyance, Tenneco granted to TEL Offshore Trust Partnership overriding royalty interests in the Leases equal to twenty-fiv
