Home > Terms > English, UK (UE) > 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.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Oil & gas
- Category: Oilfield
- Company: Schlumberger
- Product:
- Acronym-Abbreviation:
Other Languages:
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