Examples of Overriding royalty in a sentence
Over-riding royalty payments are periodically received from arm’s length entities, whereby the Company receives a portion of oil and natural gas revenues generated from wells in which it holds a royalty interest.
Overriding royalty interests held in the Gulf of Mexico (GoM) for several producing wells.
Overriding royalty interests held in the GoM for several producing wells.
The Company holds a 100% interest in 10 claims of which 2 claims are subject to a 2% Net Smelter Returns royalty and a 2% Gross Overriding royalty.
Overriding royalty interests means the right of participation in the oil or gas, or in the proceeds from the sale of oil or gas, produced from a specified tract or tracts, which right is limited in duration to the terms of an existing lease and which is not subject to any portion of the expense of development, operation, or maintenance.