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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Chevron has informed the Trust that the estimate of the Trust's net portion of the aggregate cost to plug and abandon the wells subject to the overriding royalty interest on Eugene Island 339 as of the third quarter 2012 is approximately $19.
The plaintiffs owned overriding royalty interests in the lease and argued that they were injured when the lease terminated, extinguishing their overriding royalty interests.
The properties include an overriding royalty interest in over 240 sections in Mountrail and Burke Counties.
As part of the transaction Houston American Energy agreed to sell all of its working and overriding royalty interest.
5 /PRNewswire-FirstCall/ -- Houston American Energy Corp (NYSE Amex: HUSA) today announced that it has entered into an agreement with Plains Exploration and Production Company ("Plains") pursuant to which Houston American will sell to Plains its holdings in Karnes County, Texas with Houston American retaining an overriding royalty interest.
ACOR's working interests and overriding royalty interests are located offshore & onshore in the best producing basins.
The sale of Eternal's gross overriding royalty interest was accepted for filing by the TSX Venture Exchange on April 27, 2010.
22 /PRNewswire-FirstCall/ -- Whiting Petroleum Corporation (NYSE: WLL) announced today that it has closed on its second acquisition of additional royalty and overriding royalty interests in the Company's North Ward Estes field and various other fields in the Permian Basin.
MHLP alleged that Pioneer's agreement with Woodside violated the terms of the conveyance of the net overriding royalty interest to the Partnership and that Pioneer, together with Woodside, concealed and/or reduced the value of the royalty interest and worked to terminate the Trust prematurely and to capture for itself and Woodside profits that belong to the Trust.
GeoMet has received royalty payments from the disputed overriding royalty interests of approximately $8.
25 percent overriding royalty interest in this project as well as a 10 percent carried working interest (eight percent net revenue interest) on the first two wells drilled on the property.
The Trustee filed motions asking the court to reconsider and amend the Debtors' cash management order and has objected to the cash collateral motion seeking segregation of production proceeds relating to the Trust's overriding royalty interests and judicial confirmation that such proceeds are not property of the Debtor's bankruptcy estate.