We use cookies to improve security, personalize the user experience, enhance our marketing activities (including cooperating with our marketing partners) and for other business use.
Click "here" to read our Cookie Policy. By clicking "Accept" you agree to the use of cookies. Read less
Yes, there are risks, including the chance that the lease may not produce as expected. It’s a bit like playing a game of chance; you might hit the jackpot, but it’s not a guarantee.
When you assign your ORRI, you transfer your interest to someone else, which means they now get a slice of any future profits. It's like passing the baton in a relay race—you’re letting someone else carry on the journey.
The right to pool allows the lessee to combine your ORRI with other leases to maximize production. It’s akin to having a potluck dinner—everyone brings their dish together for a bigger feast!
Having reserves means there’s an estimated amount of oil or gas that can be extracted from the lease in the future. It’s like having a treasure chest—there may not be gold right now, but there’s promise for the future!
Yes, you can definitely assign your ORRI, even if it’s tied to a single lease. It’s like passing along a piece of a family recipe—you’re sharing a bit of your interest with someone else.
An overriding royalty interest (ORRI) is a share of production revenue from an oil or gas lease. It’s like having a ticket to the show, where you get to enjoy the profits without the burdens of production costs.
Trusted and secure by over 3 million people of the world’s leading companies
Fort Worth Texas Assignment of Overriding Royalty Interest (Non-Producing, Single Lease, Reserves Right to Pool)