Home > Term: overriding royalty interest
overriding royalty interest
Ownership in a percentage of production or production revenues, free of the cost of production, created by the lessee, company and/or working interest owner and paid by the lessee, company and/or working interest owner out of revenue from the well.
- Part of Speech: noun
- Industry/Domain: Oil & gas
- Category: Oilfield
- Company: Schlumberger
0
Creator
- BSchmidt
- 100% positive feedback