What are Gross Over-Riding Royalties (GORR’s)?
Gross Over-Riding Royalties (GORR’s) in reference to our business are typically a percentage interest in the gross production from producing oil or gas wells. The attractiveness of GORR’s is that they are paid from revenues (or production in kind) prior to general operating expenses that occur when owning an oil or gas wells. As a result, our investors are not exposed to typical or unexpected cost over-runs or production expense issues as these are solely the responsibility of the operators.
