First, Know What You Own
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Mineral Rights
Mineral rights give you ownership of what's underground and a say in leasing it. Here is what that ownership feels like day to day, and when to sell it.
Non-Participating Royalty (NPRI)
An NPRI owner gets a royalty check but no say in leasing. Here is what that lack of control means in practice and when NPRI owners choose to sell.
Overriding Royalty Interests (ORRI)
An ORRI pays like a royalty but lives inside the lease itself, not the minerals. Here is what that means for how long it lasts and how it's valued.
Royalty Interests
A royalty interest pays you a share of production with no drilling costs, but the check moves with decline curves and prices. Here is what to expect.
Surface vs. Mineral Estate
Owning the land and owning what's under it are two separate legal estates that can belong to different people. Here is how that split actually works.
Working Interests
A working interest pays more than a royalty but bills you for costs too, and the bills can arrive with no warning. Here is what that ownership involves.
