Assignment Of Overriding Royalty Interest Withholding
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FAQ
An overriding royalty interest (ORRI) is similar to a royalty interest in that it is also a portion of the proceeds from the sale of production. However, it is not retained under the terms of the oil and gas lease. An ORRI is granted, assigned and created under the terms of a separate document.
1. n. Oil and Gas Business Ownership in a percentage of production or production revenues, free of the cost of production, created by the lessee, company and/or working interest owner and paid by the lessee, company and/or working interest owner out of revenue from the well.
An overriding royalty interest (ORRI) is similar to a royalty interest in that it is also a portion of the proceeds from the sale of production. However, it is not retained under the terms of the oil and gas lease. An ORRI is granted, assigned and created under the terms of a separate document.
An overriding royalty interest (ORRI) is an undivided interest in a mineral lease giving the holder the right to a proportional share (receive revenue) of the sale of oil and gas produced.NRI = Working Interest Royalty Interests.100 25 = 75 percent (NRI)$1,000,000 $250,000 = $750,000 (monthly NRI)More items...?
When valuing a royalty interest or ORRI, here are a few items to keep in mind:Understand the rights and restrictions of the subject royalty interest:Understand the differences between the subject ORRI and a publicly traded security that owns ORRI's and make adjustments for the differences;More items...?
