Owns the minerals below the surface and has executive rights to explore, develop and produce the minerals.Learn more
Rights to explore, develop and produce minerals granted by an oil and gas lease but also has the obligation to pay expences.Learn more
Carved out of the working interest, ORRI is in interest in the proceeds from the sale of minerals rather than an interest in the actual minerals.
Rights to receive revenue from the oil or gas well production without additional rights of participation.Learn more
Rights to explore, develop and produce minerals granted by an oil and gas lease but also has the obligation to pay expences.
|MINERAL INTEREST (MI)||ROYALTY INTEREST (RI)||NON-PARTICIPATING ROYALTY INTEREST (NPRI)||OVERRIDING ROYALTY INTEREST (ORRI)||WORKING INTEREST (WI)||NON-OPERATING WORKING INTEREST|
|OWNS THE SURFACE OF THE LAND||NO||NO||NO||NO||NO||NO|
|OWNS THE MINERALS UNDER THE SURFACE||YES||YES||NO||NO||NO||NO|
|HAS THE RIGHT TO EXECUTE EXPLORE DEVELOP AND PRODUCE MINERALS UNDER THE SURFACE||YES||NO||NO||NO||NO||NO|
|HAS THE RIGHT TO EXECUTE AN OIL AND GAS LEASE||YES||YES||YES||YES||YES||YES|
|RECEIVES LEASE BONUS PAYMENTS||YES||NO||NO||NO||NO||NO|
|RECEIVES LEASE DELAY RENTAL PAYMENTS||YES||NO||NO||NO||NO||NO|
|RECEIVES REVENUE FROM WELL PRODUCTION||YES||NO||NO||NO||NO||NO|
|RIGHTS ARE RETAINED AFTER A LEASE EXPIRES||YES||NO||NO||NO||NO||NO|
|PAYS EXPENSES RELATED TO EXPLORATION, DRILLING, DEVELOPMENT AND OPERATIONS OF A WELL||NO||NO||NO||NO||YES||YES|
|RECEIVES TAX ADVANTAGES||NO||NO||NO||NO||YES||NO|