# Net Revenue Interest
**URL:** https://www.mineralrightsforum.com/t/net-revenue-interest/10044
**Category:** Law & Legal
**Created:** [June 27, 2014, 8:26pm UTC](https://www.mineralrightsforum.com/t/net-revenue-interest/10044 "2014-06-27T20:26:51Z")
**Posts on this page:** 4
**Page:** 1
### Author:  [@Richard\_L\_Hertzenberg](https://www.mineralrightsforum.com/u/Richard_L_Hertzenberg)
#### Post date: [June 27, 2014, 8:26pm UTC](https://www.mineralrightsforum.com/t/net-revenue-interest/10044/1 "2014-06-27T20:26:51Z")
What is the difference between a net revenue interest and mineral rights royalties?
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### Author:  [@Buddy\_Cotten](https://www.mineralrightsforum.com/u/Buddy_Cotten)
#### Post date: [June 28, 2014, 11:28am UTC](https://www.mineralrightsforum.com/t/net-revenue-interest/10044/2 "2014-06-28T11:28:24Z")
A net revenue interest is defined as the total working interest less lessor royalties, overriding royalties, other payments or carried interests and production payments.
So, 20% lessor royalty and 2.5% overriding royalty leaves a NRI of .775, or 77.5% (1.0-.2-.025).
It can be more complicated with backins, convertible overriding royalties and carried interests, but that the basic definition
Best Buddy Cotten
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### Author:  [@Dave\_Quincy](https://www.mineralrightsforum.com/u/Dave_Quincy)
#### Post date: [June 28, 2014, 11:41pm UTC](https://www.mineralrightsforum.com/t/net-revenue-interest/10044/3 "2014-06-28T23:41:35Z")
Years ago, when I first started in this business, I asked an old timer what net revenue meant? His reply was, “It’s what you get.”
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 15, 2018, 12:31am UTC](https://www.mineralrightsforum.com/t/net-revenue-interest/10044/4 "2018-08-15T00:31:40Z")