MLchartDataset catalogue

Mineral lease

Term · Energy · MLC-T-ENE-001344

An agreement wherein a mineral interest owner (lessor) conveys to another party (lessee) the rights to explore for, develop, and produce specified minerals. The lessee acquires a working interest and the lessor retains a non-operating interest in the property, referred to as the royalty interest, each in proportions agreed upon.

Table 1. Record
IdentifierMLC-T-ENE-001344
FieldEnergy
ReferencesEIA Glossary
Record as JSON 
{
  "id": "MLC-T-ENE-001344",
  "term": "Mineral lease",
  "field": "Energy",
  "definition": "An agreement wherein a mineral interest owner (lessor) conveys to another party (lessee) the rights to explore for, develop, and produce specified minerals. The lessee acquires a working interest and the lessor retains a non-operating interest in the property, referred to as the royalty interest, each in proportions agreed upon.",
  "references": [
    "EIA Glossary"
  ],
  "url": "https://mlchart.com/terminology/energy/mineral-lease/"
}

Record 1,344 of 2,515 in Energy terminology (MLC-0117). Request the full dataset.