Mineral Interest Types

Mineral rights are ownership of what's below the surface, separate from the land itself. Here's what they include, how they pay, and how buyers price them.

A royalty interest pays a share of production, free of drilling costs, but behaves differently from owning minerals outright. Here's how it works and prices.

An NPRI pays a royalty but carries no say in leasing decisions. Here's how NPRIs are created, why they trade at a discount, and how to price one accurately.

An ORRI pays like a royalty but is carved from the leasehold, not the minerals, and it dies when the lease ends. Here's how that shapes value and risk.

A working interest pays more than a royalty but carries drilling costs, operating expenses, and plugging liability. Here's what.

Surface and mineral ownership can be split, each with its own deed and rights. Here's how the dominant estate doctrine works, and.