Let's review the three most common types of oil and gas mineral rights, including mineral interest, royalty interest, and working interest.

Mineral interest: A mineral interest ownership includes the executive rights to explore, develop, and produce the minerals under a specific tract of land.

Royalty Interest: Royalty interest owners are entitled to a percentage of the well's revenue without having to pay for any of the expenses associated with drilling or operating the well.

Working Interest: Working interest includes the right to explore, develop, and produce minerals granted by an oil and gas lease and the obligation to pay expenses (including royalty payments).

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