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Home / / Assignment Of Overriding Royalty Interest Agreement

Assignment Of Overriding Royalty Interest Agreement

Orri (Overriding Royalty Interest) agreements end when oil and gas stop. This is not an interest in the mineral, but a part of the production. If the well or wells become unprofitable, the lease is released, ending both the royalty and the higher royalties. The best interests of royalties are cut off from the labor interest (WI) of drilling and usually passed on by geologists, compatriots, and other oil and gas professionals as financial compensation. Learn more about FindLaw`s newsletters, including our terms of service and privacy policy. This site is protected by reCAPTCHA and Google`s privacy policy and terms of use apply. Unable to subscribe to the email address. Please try again….

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