Alberta court rules gross overriding royalty in farmout agreement is interest in land

By Karunjit Singh ( April 23, 2025, 4:13 PM EDT) -- The Alberta Court of King’s Bench has held that a gross overriding royalty (GORR) granted in an oil and gas farmout agreement constituted an interest in land, emphasizing that the economic structure of the transaction demonstrated the parties’ intent for the royalty to run with the lease....