Mineral and Royalty Interests
Fee minerals, royalties, NPRIs, overrides, and working interests carry different rights and burdens. Name the interest before anyone prices it.
Royalty Interests
A royalty interest is the cleanest asset in the mineral world to read and to sell. Here's how it shows up on a statement and what actually drives its value.
Non-Participating Royalty (NPRI)
An NPRI pays a royalty share but carries no say in leasing. Here's how NPRI shows up on a check, why it's structured that way, and what selling one involves.
Overriding Royalty Interests (ORRI)
An ORRI is carved from a lease, not the mineral estate, and it ends when that lease ends. Here's how ORRI pays, why it's different, and what selling looks like.
Mineral Rights
Mineral rights are more than royalty checks. Here's the full bundle of rights an owner holds, how it differs from royalty-only interests, and what selling means.
Working Interests
A working interest pays more per barrel but comes with real cost exposure a royalty check never has. Here's how WI shows on a statement and why it's harder to sell.
Surface vs. Mineral Estate
Owning land doesn't always mean owning what's under it. Here's how surface and mineral estates get severed, who controls what, and how minerals sell separately.