| Alberta Land |  |
Alberta Land
The Alberta Land screen allows you to enter data such as working interest, NRI, and any reversions.
Working Interests can be entered separately for Revenue Interest, Opcost Interest, and Capital Interest.
GORR
A GORR or Gross Overriding Royalty is calculated prior to any deductions.
ORR
An ORR or Overriding Interest allows opcost to be deducted before calculating the override.
Reversions
The above interests and override can be reverted (changed) based on a number of variables such as a capital payout, date, or production volume. Click the "Add Reversion" button to specify a reversion.
Linked Assets Revert As a Single Group
Assets can be linked via their land inheritance. Instead of choosing an individual land record for each well, records can be inherited from an asset higher in the flow network. With this option checked, these linked assets will revert as a group.
See also