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overriding royalty

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We Buy Mineral Rights
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Legal Dictionary

Main Entry: overriding royalty
Function: noun
: an interest in and royalty on the oil, gas, or minerals extracted from another's land that is carved out of the producer's working interest and is not tied to production costs —compare ROYALTY
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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We Buy Mineral Rights
Top Dollar for Your Mineral Rights Since 1984. Call 361-572-3051
www.MPHProductionCompany.com
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