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GORR
(redirected from Gross Overriding Royalty)

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AcronymDefinition
GORRGross Overriding Royalty
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Upon drilling of the Test Well, Surge will earn working interest in the Farmout Lands per the following terms: --Before payout, Surge shall earn 100 percent of the Farmor's Interest in that portion of the Farmout Lands comprising the Test Well spacing unit, subject to a gross overriding royalty of 1/150 (5-15 percent) on oil, 15 percent on natural gas, and 15 percent on other petroleum substances.
Surge Global Energy Enters into Farmout Agreement for Oil & Gas ... by Business Wire
2 million plus a Gross Overriding Royalty Interest ("GORR") on the production from lands within the recommended SFD Prospect Areas.
NXT Announces Signing of Commercial SFD Survey Contract by Business Wire
The vendor retain a 2-per-cent gross overriding royalty (GORR) on any diamond production, of which the company may purchase 1 per cent point for $1.
Anglo Swiss Resources Acquires Diamond Claims in the 'Ekati Trend'; ... by Business Wire
 
 
 
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