Mineral Interest Types
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Mineral Rights
How full fee mineral rights, executive rights plus royalty combined, are valued differently from a bare royalty interest, and what that means for your multiple.
Royalty Interests
A royalty interest prices as a multiple of trailing checks, adjusted for decline curve position. Here's how that multiple actually gets set.
Non-Participating Royalty (NPRI)
How a non-participating royalty interest, or NPRI, is valued differently from full fee minerals, and why the missing executive right shows up in the multiple.
Overriding Royalty Interests (ORRI)
An overriding royalty interest dies with its lease. Here's how that lease-life haircut shapes what an ORRI is actually worth compared to a mineral royalty.
Working Interests
How a working interest is valued differently from a royalty, net revenue interest math, operating cost exposure, and why the multiple isn't comparable to royalty comps.
Surface vs. Mineral Estate
How severed mineral estates work, why the mineral estate is legally dominant over the surface in most states, and what that means for valuing your interest.