# 3/16 Royalty - What Does This Mean

**URL:** https://www.mineralrightsforum.com/t/3-16-royalty-what-does-this-mean/25076
**Category:** McClain County, OK
**Created:** [May 18, 2018, 1:42am UTC](https://www.mineralrightsforum.com/t/3-16-royalty-what-does-this-mean/25076 "2018-05-18T01:42:00Z")
**Posts on this page:** 1
**Showing post:** 6

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### Author: ![Jkim99](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/j/7ea924/32.png) [@Jkim99](https://www.mineralrightsforum.com/u/Jkim99)
#### Post date: [September 13, 2018, 3:59pm UTC](https://www.mineralrightsforum.com/t/3-16-royalty-what-does-this-mean/25076/6 "2018-09-13T15:59:46Z")

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Off topic here but couldn’t post in the other topic. So is an assignment of overriding royalty interest the same as a non participating royalty interest. As in does it lay dormant until production occurs and is non expiring and perpetual, and binded to all subsequent renewals of leases etc? Hopefully yes!

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