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ORRI
(redirected from overriding royalty interest)

   Also found in: Financial 0.09 sec.
AcronymDefinition
ORRIOverriding Royalty Interest
ORRIOrthorectified Radar Image
ORRIOrlando Regional Rehabilitation Institute (Orlando, FL)


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? References in periodicals archive
One held that an overriding royalty interest was part of a like-kind exchange, the other that a carved-out oil payment was not part of a like-kind exchange.
The San Juan Basin Royalty Trust is a grantor royalty trust, the principal asset of which is a 75% net overriding royalty interest carved out of certain oil and gas leasehold and royalty interests in the San Juan Basin located in San Juan, Rio Arriba and Sandoval Counties of northwestern New Mexico.
ACOR's principal assets consist of 15,440,116 gross surface acres of overriding royalty interest and 8,561,007 gross acres of working interests, located Onshore Australia in the Cooper-Eromanga Basin and Offshore Australia in the Gippsland Basin in the Bass Strait.
 
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