MRP 228: What You Should Know About Lease Washouts
The Mineral Rights Podcast: Mineral Rights | Royalties | Oil and Gas | Matt Sands
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Show Notes
Did you know that an overriding royalty interest (ORRI) or Non-Operated Working Interest can be terminated to wipe the slate clean so the operator can re-lease the same acreage without these burdens on the new lease? This situation is called a lease washout and we talk about what you should do to protect your interests as well as how it can impact mineral owners. As always, additional resources can be found in the show notes at mineralrightspodcast.com.