Undivided Fractional Oil and Gas Interests – Part 1: NPRI’s and Harmonization
Oil and gas law is rife with litigation, with few areas as contentious as the creation of undivided fractional interests such as the nonparticipating royalty interest (“NPRI”). The NPRI is carved from the mineral estate and generally consists of the right to royalty under an oil and gas lease. This right to royalty burdens the […]
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