overriding royalty interest


Also found in: Acronyms.

Overriding Royalty Interest

The right of a person or company to royalties derived from an oil or gas producing property.

overriding royalty interest

A third-party interest in royalty income derived from oil and gas rights.
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Our Overriding Royalty Interest in the Licence will continue into any extension period agreed and our future running costs are covered, so we remain well positioned.
In 2011, Chevron, as the Managing General Partner of the TEL Offshore Trust Partnership, consummated the sale by the Partnership of 20% of the Partnership's overriding royalty interest (a 25% net profits interest in certain oil and gas properties), as the Trust needed funds to pay for liabilities of the Trust.
The company has acquired rail load-out and infrastructure assets from Sugar Camp Energy LLC, and the contractual overriding royalty interest was purchased from Ruger LLC, both affiliates of the Cline Group.
The overriding royalty interest includes over 360 mineral acres, and the oil and gas production, which will be developed by Carpenter & Sons, a Casper, Wyoming based company.
Accordingly, if the Partnership's interest in the underlying lease had remained, or was, a net profits interest, instead of the cost-free overriding royalty interest the Partnership held as a result of the Pioneer-Woodside Farmout, the Partnership would not have received, or would not receive, any payments from this production.
GeoMet has received royalty payments from the disputed overriding royalty interests of approximately $8.
Under this agreement, Pioneer reserved, and will be entitled to receive, an overriding royalty interest in the farmed out properties equal to 2.
In addition, the company holds overriding royalty interest comprising a non-operational interest in minerals in the Prudhoe Bay oil field located on the North Slope of Alaska.
The Royalty Properties consist of royalty and mineral interests, including landowner's royalties, overriding royalty interests, minerals (other than executive rights, bonuses and delay rentals), production payments and any other similar, non-participatory interest, in certain producing and proved undeveloped oil and gas properties in Florida, Louisiana, Mississippi, New Mexico, Oklahoma and Texas, USA.
International Resource News-December 21, 2012--Natural Resource Partners LP acquires overriding royalty interests in Marcellus Shale(C)1994-2012 ENPublishing - http://www.
Its royalty and mineral interests include landowner's royalties, overriding royalty interests, minerals, production payments and other similar non-participatory interest in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma and Texas.
Sabine Royalty Trust is an express trust formed to receive Sabine Corporation's royalty and mineral interests, including landowner's royalties, overriding royalty interests, minerals (other than executive rights, bonuses and delay rentals), production payments and any other similar, non-participatory interest, in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma and Texas.