TeachMeFinance.com - explain Royalty interest (including overriding royalty)
Royalty interest (including overriding royalty) The term 'Royalty interest (including overriding royalty)' as it applies to the area of energy can be defined as ' These interests entitle their owner(s) to a share of the mineral production from a property or to a share of the proceeds therefrom. They do not contain the rights and obligations of operatingthe property and normally do not bear any of the costs of exploration,development, and operation of the property'.
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