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Royalty interest (including overriding royalty)
These interests entitle their owner(s) to a share of the mineral production from a property or to a share of the proceeds therefrom. They do not contain the rights and obligations of operating the property and normally do not bear any of the costs of exploration, development, and operation of the property. Author: Admin :: Hits: 4 :: Added: Thu Jun 14 2007 ::
