Mineral and Royalty Interests
A royalty, an override, an NPRI and a working interest can sit on the same well and still decline, net out and sell differently. Name the interest before comparing any offer.
THE PRODUCTION NOTEBOOK
ONE CATEGORY. EVERY DECISION POINT.
Define the term, find the evidence that matters, weigh the effect on value or timing, and end with the next question to ask. Nothing depends on a bare offer number.
Mineral and Royalty Interests
Mineral and Royalty Interest
Mineral Rights
New to mineral ownership? Learn what mineral rights actually are, how they differ from royalty and surface rights, and how they behave as a well declines.
Mineral and Royalty Interest
Non-Participating Royalty (NPRI)
Own a non-participating royalty interest (NPRI)? Learn what you can and can't control, how decline hits your check, and how NPRIs get valued at sale.
Mineral and Royalty Interest
Overriding Royalty Interests (ORRI)
Own an overriding royalty interest (ORRI)? Learn why it expires with the lease, how decline eats it twice as hard, and how ORRIs are valued at sale.
Mineral and Royalty Interest
Royalty Interests
Learn what a royalty interest is, how it's carved from a lease, and why your monthly oil check falls as the well moves through its decline curve.
Mineral and Royalty Interest
Surface vs. Mineral Estate
Confused why you own the minerals but not the land, or the land but not the minerals? Learn how a split estate works and what it means for selling oil royalties.
Mineral and Royalty Interest
Working Interests
Own a working interest in an oil well? Learn how cost obligations, decline, and cash calls differ from a royalty, and how WIs get valued at sale.
