Royalty Interest 1 (R.I.)
Royalty Interest 1 (R.I.) : A share of the minerals (oil and gas) produced from a property by the owner of the property. Originally, the right of the king to receive a percentage of the gold or silver taken from the mines of his realm. Entitles the owner to a share of gross proceeds which is free of expense of drilling, completion and production, but having no control over field activities
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