Royalty Interest (RI)
A share of production associated with a mineral interest which has been leased. Free of the expense of the production.
Overriding Royalty Interest (ORRI)
A royalty carved out of the working interest of an oil and gas lease. Free of the expense of the production.
Open Minerals
Mineral acres selling that are not currently leased or producing.
Leased Minerals
Mineral acres that are leased but are not producing. See lease agreement for terms.
Minerals with Royalty
Buyer is purchasing the mineral acres, rights and the production on this property. Buyer will retain mineral acres and rights even once production ceases. See deed for terms.
Leasehold-Term Minerals
Mineral acres that are leased for a term. See deed/lease agreement for terms.