Q: What does “Mineral Interest” Mean?

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    A: A Mineral Interest (MI) is also known as an unleased mineral interest and is a cost-bearing interest because the unleased mineral interest owners are not sharing a portion of their production in exchange for the Operators covering all of the production costs associated with extracting the resources from the ground.  The unleased mineral interest owners are entitled to 100% of their production minus their proportionate share of the cost of drilling, completing and equipping the well in addition to operating costs after the well is completed.