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Conveyance of Net Profits Interests and Overriding Royalty Form

Conveyance of Net Profits Interests and Overriding Royalty Form

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now i want to go over some of the interest calculations that are defined on page 56 of the aapl guide and what i've done is i've kind of grouped these together by sort of type so for example when we talk about the different types of interest we can talk about a surface interest a mineral interest and a royalty interest and just to be very clear about what the distinctions are is if you own in fee simple absolute that means you own the surface and the minerals of the property so there's the surface interest and there's what's below the surface or the mineral interest so if these are together if you own a fee simple estate you own both the surface and the minerals but what we know can happen is the mineral owner can sell the surface to someone else so you have one person that owns the surface and another person that owns the mineral so in that case it's real important to distinguish between what interest is owned do they own a surface inter

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