You are negotiating to take a big oil and gas lease. The run sheets show you are dealing with an executive right owner on behalf of himself and his NPRI owner. His proposed terms are odd: a lower-than-market royalty and a higher-than-market bonus. After reflecting, you get it: The terms aren’t odd; they are just
What is the NPRI Owner’s Share of Production?
With apologies to Click and Clack, from time to time I will post “puzzlers”, questions about title and similar issues that have no apparent answer. Here is the first one:
Joe Bob Joiner owns a non-participating royalty interest under a tract. The amount of interest he owns is tied to the amount of royalty stated