American Royalty Buyers is a direct buyer of overriding royalty interests in the Permian Basin and across the United States — no broker, no fees, a written offer in days.
An overriding royalty interest (ORRI) is a share of production revenue carved out of the working interest — the leasehold — rather than the mineral estate. Like any royalty, it is cost-free: the holder receives a percentage of production revenue without paying drilling or operating costs. What sets an ORRI apart is that it is tied to a specific oil and gas lease. It is created out of the leasehold — often retained by a landman, geologist, or broker as compensation, or kept back when a lease is assigned — and it expires when that lease terminates.
An ORRI lives and dies with its underlying lease. When the lease ends, the override ends — the single biggest difference between an ORRI and a perpetual mineral or non-participating royalty interest.
Because an ORRI is a cost-free revenue stream, it is clean to own and to value — there are no joint-interest bills, no capital calls, and no surface or operational obligations to assume. But two things make ORRI diligence different from mineral rights. First, the interest is term-limited: a buyer prices in the productive life of the underlying lease and its wells, not perpetual ownership. Second, title traces through the lease-assignment chain rather than the mineral chain — confirming the override percentage, the lands and depths it burdens, and whether it survives lease extensions or new leases takes a different paper trail.
No two overrides are worth the same, and there is no per-acre rule of thumb. The factors a buyer weighs include:
ARB is a Fort Worth, Texas direct buyer of overriding royalty interests — we purchase with our own capital, so closing is never contingent on reselling your interest. There are no fees or commissions, we deliver a written, no-obligation offer typically within five business days, we handle the title and assignment work, and we pay by wire at closing, usually four to six weeks out. We buy ORRIs on producing and undeveloped leases alike, including complex or inherited overrides.
American Royalty Buyers does not provide tax, legal, or investment advice, and the descriptions above are general and educational. Every interest is different — confirm the specifics of your interest, and consult a qualified professional, before any transaction.
An ORRI is a cost-free share of production revenue carved out of the working interest (the leasehold) rather than the mineral estate. The holder receives a percentage of revenue without paying drilling or operating costs, but the interest is tied to a specific lease and expires when that lease terminates.
A mineral interest and a standard royalty are tied to the mineral estate and are generally perpetual. An ORRI is carved out of the leasehold instead, so it is term-limited — it ends when the underlying lease ends. Both are cost-free, but the ORRI’s lease-dependent life is the key distinction when valuing it.
Yes. An ORRI is freely assignable, and American Royalty Buyers buys overriding royalty interests directly with its own capital — no broker, no fees, and a written, no-obligation offer.
Generally yes. Because an ORRI is carved out of a specific lease, it terminates when that lease terminates — for example, if the lease is no longer held by production. Whether an override survives lease extensions or new leases depends on the language that created it.
Value depends on the override percentage, whether it burdens producing or undeveloped acreage, the well count and remaining locations, production decline, the operator, and the remaining life of the lease. There is no universal price; ARB provides a free, no-obligation valuation built from your specific override.
No. An ORRI is a cost-free interest — you receive revenue without paying drilling or operating costs. And selling to ARB carries no fees or commissions; the offer is what you receive.